There is room here to discuss the strategies.
What you have on a one page rule set this is NOT to compare to my ONE page rule set for my system.
The main problem - which made it difficult to program it - is that I the system has some very clear rules
plus some that are deriving especially from the Ichimoku indicator. In this I am considering the daily
plus the 30 minutes chart.
Reading this thread carefully - one can note well that the rules are NOT made for every day but has
a special close look at EVERY weekday.
So this rule set is very different to any gap rule set which is meant to trade when that pattern is coming
without looking at the weekday itself.
Every trader has his own trading style and plan (if ever )
The only thing I can openly say is that this system described in this thread is working more than 3 years
(2 years documented here) and is still positive even the market conditions have changed tremendous
in this period.
The following 3 users say Thank You to GFIs1 for this post:
GFI - we can all clearly see how impressive your system is and are in great appreciation for you insight on here - many thanks! If you don't mind I'd like to continue to add my thoughts to your thread and will follow your guidance and expertise - please keep up the good work!
The following 2 users say Thank You to gentlemensrelish for this post:
A few observations for the DAX tomorrow assuming Asia follows the up trend. Both a gap and a lap tend to indicate an up day from the previous close. I expect an open around 9330-9340 an early morning pull-back to close the gap (not the lap) to 9325-9335 then a rebound to close out between 9380-9400. This forecast is based on historical probability.
Lets see how misty my crystal ball is!
The following user says Thank You to gentlemensrelish for this post:
based on the probability that a GAP & a LAP produces a positive next day I've gone long again, only for a 10 point exit @ 9316 - please don't tell me off - just highlighting a trade based on probable outcomes