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The Global Futures Bullish Opening Gap |
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Add a valuable tool to your day trading techniques
Discover the secrets of the pros with Global Futures, whether you day trade stocks or futures. Beat the market by trading only on certain market behaviors. These indicators are meant for experienced day traders as a supplement to their trading techniques and not as some magic get-rich formula.
Profit from certain chart patterns
The following pages will show you clearly how to profit from certain chart patterns and from our special moving averages. The only thing you will have to do is to wait until these chart patterns appear on your screen. The following example shows you one simple way to make a quick profit with the "Global Futures Bullish & Bearish Opening Gap Formations". These behaviors do not come every day, but if so, they can be quite profitable.
What you need:
- 60-minute chart of your stock or futures
- 8-period moving average high
- 8-period moving average low
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- 5-period moving average close
- 3-period moving average close
- 5-minute chart of the same stock or futures
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The Strategy
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The Global Futures Bullish Trend Indicator
It is an absolute must, that this indicator is in force when you go long
- 3-MA trades above 5-MA
- Both trade above 8-MA high
- Price trades above 3-period MA
- Daily trend should go up
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Upper green line:
Lower green line: |
8-period MA high
8-period MA low |
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Red line:
Blue line: |
5-period MA close
3-period MA close |
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The Global Futures Bullish Opening Gap Formation
- Price closes above 3-period MA the previous day
- Market opens the next day usually with a gap
- Go long at the opening or at the first break of the 5-minute chart if you trade futures
- Place a limit order together with your stop 3 points above your entry point if you trade futures or 1 percent of your stocks value
- Try to be out at 10 AM if economic data are expected
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