Replies to post #2954 on lowtrade

[lowtrade]

'nowisthetime'

Would like to point out that 95% of gaps fill. Is personal evaluation from past experience. And the time factor is open.

Basically the post was to show odds of winning only. One may have to hold the position for months, to see all gaps close, or maybe days? But experience says most gaps will fill "eventually".

It's not like trying to trade on chart pattern targets. But a higher risk play, knowing PPs will go higher, only. Just no time or price target attached.

Chart patterns show expected price top & amount of time needed to reach the gain. That's why normally I only swing DMI indicator confirmation, during a chart pattern in place, with top target expected. Way lower risk.

I reduce that risk more by entering in 4 steps, based on %'s of price move, from the previous entry, at profit/loss targets that require 2 losses for each gain.