GAP Day Trading Strategies, Momentum Indicator, and Continuous Contracts for NinjaTrader 7

– GAPS and how to play them

o The object is that price will fill the gap

o The problem is that we don’t know when

o 80% likelihood of a 50% gap fill

o Im ok with understanding WHY this works, but that doesn’t mean it’s the best suite for my trading style

o Lets look at trade management:

o Stop is placed above the daily highs for a short gap trade

o Stop is placed below the daily lows for a long gap trade

o These stops are HUGE sometimes, more than your account is safe to bare.

o 7 out of 10 gaps get filled

o The big issue is that my account and my personality has a hard time handling this large of loss

o You only get 1 per day

– Daily charts and continuous data

o Open your instrument manager and select the continuous contract for the daily charts (CL ##-##)

– Fast Track Method and how to get started

– WE Give you all the exact entries, stops and targets for the fast track today

– We earned $200usd on the FT per contract

– As an advanced member you will learn this fast track and then build into the more advanced strategy that made is 150 ticks today.

New Momentum Indicator:

– Download the indicator

– Load the chart templates

– Fast21 = 21r

– Fast13 = 13r

– Fast4 = 4range charts

– Training on Wednesday we will make sure its working.

–

Widen stops on the Fast Track:

– I can use a 10 tick stop on the 13 range chart, I cannot use the 10 tick stop on the 21range chart (too narrow)

– I can use the 20 tick stop on the 13range as well as the 21range

– Stop and target are the same

– This will get more aggressive, more flexible once you begin to trade our normal trading method.