edakad

I was reading through this thread. Motivation was this website publishing unique strategy to trade gaps, their strategy is not exactly gap as they call it open out of previous days range. Just bumping an old thread but I think anyone interested in gap trading may find the setups useful

The fact that price spends more time around a level is a significant piece of information. At an extreme usually price spends little time. TPO charts arrange these information. I think reading a TPO chart has not much to do with statistics.

Volume has a skew in itself as it is high during open and close. I find TPO charts more beneficial. The gaussian distribution is an ideal situation we find rarely, however we analys each days distribution in its deviations from the ideal Gaussian distribution.

Hello Suri, Many ABC's forms in chart everywhere. Read u saying somewhere, the market is always either in a bullish or bearish ABC . What differentiates the valid and invalid ABCs. ? Regards Edakad

google "chandlier exit" to lern more about such SL strategies.

Ninja Trader , it uses C++