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Morning Traders 18 April Tuesday, page-190

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troyboy

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18/04/17

15:18

Post #: 24118170
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Originally posted by share boss ↑

Hi Troy,
It's all subjective. With regards to gaps, I only go off the daily chart (rarely the weekly) and take the literal meaning of the term 'gap'. Ignoring 1 pip gaps for this discussion, THD recent history shows three gaps literally. Sometimes they fill, sometimes they overfill and sometimes they don't fill. Two overfills in this instance and a not filled.
If you go off intraday charts and count the 'previous close' as part of the gap, then you would be correct also. It's all good.
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Depends which book I go off, statistics say 60-75% of gaps attempt a close when it's there for the taking...... only an indicator for me Hopefully you jumped in mate anyway.
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