30 minute Gap Strategy

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This video talks about the 30 minute gap strategy used when day trading.  The speaker discusses the importance of looking at the larger timeframes to understand where heavy support or resistance leThis video talks about the 30 minute gap strategy used when day trading.  The speaker discusses the importance of looking at the larger timeframes to understand where heavy support or resistance levels reside.  Even though a trade may look great from a day trading standpoint, it may be not be an opportune time to buy it for a day trade if the bigger picture suggests that there is going to be difficulty going higher or lower.

He walks through a live trading example of PCLN, or priceline, and illustrates his point of looking at larger time frames.  PCLN gapped higher on earnings and has climbed steadily for the first 30 minutes; however, it was banging up against major resistance from a couple weeks back.

Tim Ord
Ord Oracle

Tim Ord is a technical analyst and expert in the theories of chart analysis using price, volume, and a host of proprietary indicators as a guide...

Tradingsim.com
Day Trading Simulator

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