chetron 2,817 posts msg #70087 - Ignore chetron modified |
12/29/2008 6:51:43 AM
THANX TRO
http://www.thegapguy.com/
http://www.thegapguy.com/gaps-101/
http://www.thegapguy.com/why-trade-gaps/
http://www.thegapguy.com/gap-trading-tips/
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johnpaulca 12,036 posts msg #70090 - Ignore johnpaulca |
12/29/2008 8:56:22 AM
Bought the ebook, not bad, Avery has posted way more information on this topic.
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TheRumpledOne 6,411 posts msg #70095 - Ignore TheRumpledOne |
12/29/2008 9:47:52 AM
You're welcome.
It's amazing what you can find on the internet for free.
But some prefer to have it packaged and are willing to pay for it.
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chetron 2,817 posts msg #70098 - Ignore chetron modified |
12/29/2008 9:52:13 AM
it is interesting that the gapguy only did 6 gap plays for the whole month v. tro's metheod of 15 a day. your "edge" looks even better to me now. i use to think of it as just a range thing, but i believe it is even more than that, in that the "cows" have a bullish and/or bearish component to them over 80 percent of their trading time, no matter their overall direction. instead of trying to guess which way any non- cow is going to move, cows just do. thanx tro
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TheRumpledOne 6,411 posts msg #70114 - Ignore TheRumpledOne |
12/29/2008 11:04:08 AM
You're welcome.
Each stock has only ONE gap trade. And the gap doesn't have to fill for you to make a profit.
TheGapGuy is trading futures. He also seems to further refine things which, IMHO, is splitting hairs.
Casinos have a lot smaller edge than I do and look what they've accomplished. They do that by taking all bets.
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TheRumpledOne 6,411 posts msg #70115 - Ignore TheRumpledOne |
12/29/2008 11:04:44 AM
johnpaulca
12/29/2008 8:56:22 AM
Bought the ebook, not bad, Avery has posted way more information on this topic.
====================================================================
Learn anything new??
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TheRumpledOne 6,411 posts msg #70116 - Ignore TheRumpledOne |
12/29/2008 11:08:17 AM
CHURN, CHURN, CHURN....
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Duke 2 posts msg #70120 - Ignore Duke |
12/29/2008 11:29:51 AM
TRO...........almost embarrassed to ask, but I am eager to learn and have read so many posts this weekend and I still cant find the definition of ADR 30?
ADR above 8%
Is the ADR the same as Average True range?
From what I am seeing you are providing a priceless service that has the potential to change lives and I am very thankful that I have found this site.
Thank You kindly
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johnpaulca 12,036 posts msg #70121 - Ignore johnpaulca |
12/29/2008 11:34:27 AM
Avery...I wasted my $20, it gave a decent overview of Gaps but not many specifics.
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TheRumpledOne 6,411 posts msg #70124 - Ignore TheRumpledOne modified |
12/29/2008 12:26:12 PM
ADR is average daily range. High - Low = Range.
ATR is average true range.
They are NOT the same.
http://www.prophet.net/learn/taglossary.jsp?index=A
Average True Range or ATR is a measurement of volatility. It measures the average of true price ranges over time. The True Range is the greatest distance between today's high to today's low, yesterday's close to today's high, or yesterday's close to today's low. The Average True Range is a moving average of the True Ranges.
High ATR values often occur at market bottoms following a "panic" sell-off. Low Average True Range values are often found during extended sideways movement, like as those found at market tops or after consolidation periods. True Range is used in Welles Wilder's Directional Movement indicator as well as Donald Mart's Master Trading Formula and is a common volatility ratio. The ATR can be used in a channel breakout method of trading by adding or subtracting from the previous bar's close or the current bar's open.
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