my 5 cents
today dere was no gap( according to d data i downloaded frm 4shared).....+ even if dere was a gap....it wasnt visual.....it wasnt a gap dat we can rely on fr reversing our long positions.....as per what i have digged thru d 60 min flow thread.....
dere is sumthing dat all of us traders have noticed and dis is a known fact..... i.e. whever in a normal trading dere is a gap up or down opening.....80 % of d times we see d effort to cover it.....
d price action covers d gap.....80 % of d times.....
now take today's case.....even if dere was a lil gap.....and after dat gap dere was a effort to cover d gap.....we shudn't have reversed.....it was merely a pivot low formation.....
now since we knw that gaps always get filled....we have to lookout fr d actual VISUAL GAP UPS.....
seniors.....i hope i tried to bring out a valid point for discussions.....
satya sir, ST sir, rakesh sir.....can u please bringout a few examples out of ur trading experience regarding GAPS.....
THANK U
REGARDS
NEERAJ