<p>[ad_1]</p>
<p><b>1. How to Treat Gap Openings </b></p>
<blockquote><p>A gap up or gap down open is an emotional move, and it often will reverse course and turn in to &#8220;trap open&#8221;. Gaps that are less than 4 points on the SP Future tend to get filled in the same day, especially Tuesday through Thursday. Turns will occur within 20 to 40 minutes after the open. A trader must be on the lookout for a reversal as soon as early momentum is lost.</p>
<figure id="attachment_10338" align="aligncenter" width="227"><img src="https://www.sabhindiwale.com/wp-content/uploads/2022/07/IMG_7219-227x300.jpg" class="size-medium wp-image-10338" width="227" height="300" alt=""> Gap-up Opening</figure>
<p>A gap into a good support /resistance zone is almost always a good &#8220;fade&#8221; &#8211; with stops no more than 1 point on other side of the support /resistance zone.</p>
<p>(A &#8220;fade&#8221; is simply entering a position opposite of the direction of the gap. If the market gapped down, a &#8220;fade&#8221; would be entering</p>
<p>a long position (buying) in to the selloff.)</p>
</blockquote>
<p><b>2. When the Market Moves Against You, When Do You Exit a Trade?</b></p>
<blockquote><p>The way I trade, I exit as quickly as possible. There&#8217;s no sense in waiting around for your &#8220;stop-loss&#8221; to get triggered when the perceived edge is gone. I like to stay in control of my trades, and if the market doesn&#8217;t do as anticipated, I don&#8217;t wait for my stop to get hit.</p>
<p>When there is no longer a high probability situation, exit and take a second look.</p>
</blockquote>
<p><b>3. When Are The Best Times of the Day to be Trading?</b></p>
<blockquote><p>For me, the best times of the day for trading are the first hour and the last 2 hours.</p>
<p>Here&#8217;s an old rule of thumb (and this used to work like clockwork in the &#8220;old days&#8221;, and although it has diminished a bit, it still</p>
<p>happens):</p>
<p><b>&#8220;The Minor Time of Day&#8221;- </b><br />
If the Market opens higher, then there tends to be a pullback within the first 20 to 40 minutes. If the pullback is weak, there will probably be a continuation of rally into the early afternoon. But, if the pullback is sharp, then</p>
<p>you&#8217;ve likely seen the high for the day and you&#8217;ll want to be selling the bounces.</p>
<p><b>&#8220;Major Time of Day&#8221;-</b></p>
<p>Around the 2:20pm to 2:40pm time frame, we&#8217;ll often see moves reverse or gather steam in that time-frame.</p>
<p>People that have been holding positions all day long become a bit &#8220;antsy&#8221; &#8211; they have to do something with them before the Market</p>
<p>closes for the day. When people holding losing positions into late into the day see the time until the close is near, that can</p>
<p>cause the market to make some sharp turns in the last 90 minutes. The program gang also likes to get active that time of day.</p>
</blockquote>
<p><b>4. How Can Anyone Trade a Choppy Market?</b></p>
<blockquote><p>I take a number of scalps in choppy markets. I time entries with Tick extremes, especially when price pops into previous high</p>
<p>areas of congestion, or other intraday support and resistance. Moving averages are not good during choppy days.(Scalps : small profit, &#8220;hit and run&#8221; type of trades)</p>
</blockquote>
<p>[ad_2]</p>