Just sharing some set up, i see allot of traders when they see a gap up they always buy on the wick area of the strong candle, and the next day they will cut there position, the real deal in gap up is to wait for the pullback, you don’t need to buy on the 1st gap up candle because that candle is from the demand of excitement of FOMO traders!

For me its better to wait pullback area then buy at lower as much as possible then sell it on 2nd or 3rd candle depending on closing price and the structure of the candle. if strong hold if theirs a sign of weakness sell it. the most important is you make money.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s