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>
> A couple of people have mentioned these strategies - at the risk of being
> yelled at and told to go out and get the book for myself, would anyone be
> willing to post some of these strategies? Or is that strictly a no-no?
> Sorry, I'm new.
>
> BJ
>
If price forms a ledge just above an opening gap, go short a couple
of ticks below the ledge or just into the gap (the second entry is
more conservative, but gives up more slippage). Look to exit or
reduce position when price closes the gap. Initial stop is just above
ledge. Calculate your risk/reward based on gap size vs ledge size.
Naturally, the tactic is reversed if price gaps down on opening.
JFB
Shaven Heads Trading
NYC
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