All traders who want an in depth understanding of gaps and how to advantageously trade gaps
Gaps can cause panic to any trader. Gaps in price action can throw even the most disciplined trader off their trading plan. Being able to identify and categorize gaps will help you approach the market with confidence. Gaps are a complex subject, and too many traders oversimplify the trading of gaps. Traders tend to generalize gaps and attempt to trade all gaps in the same fashion. Many fail to understand the nature of gaps. This course will provide you with a thorough understanding of gaps and some concepts on how to trade them.
The course commences with the first lecture defining what are gaps and how they occur within price action. We address the multiple myths and fallacies surrounding gaps, and how these have impacted the approach that traders tend to make when trading gaps. Demystifying gaps and simplifying the nature of gaps by categorizing them into specific characteristics, creating a clear and concise path to trade them.
The course focuses on a key factor that traders tend to overlook, the bigger picture, that is to conceptualize the location of the gap against the prevailing market trend. From this point on we can further understand the characteristics of the specific gap by comparing its location to the trend of current price action.