A gap is an empty zone on the chart where no trading happened: the market opened above yesterday’s high or below yesterday’s low and never traded in between. Gaps show urgency. In the S&P 500, where the emini trades almost around the clock, most cash-session gaps get filled – price comes back to trade through…
Markets alternate between two states: trending and consolidating. Consolidation is the range – overlapping candles, shrinking daily ranges, volume drying up – and it frustrates most traders because nothing seems to work. It should excite them instead. Volatility is cyclical: a period of contraction is almost always followed by expansion, and the range tells you…
Most people searching for a winning day trading system are looking for an indicator – the setting that finally makes the chart tell them what to do. After 25 years in the markets we can save you the search: there is no such setting. A winning system is a set of decisions made before the…
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