Will give a little history on the way I trade .Let’s start out with formulas. I build my own. Have came up with a formula that works very very well on picking gap’s up and down.

This formula is different from the regular gap up and gap down scenarios. it takes in the premarket hours versus the previous day’s low .high or close.

example: I scan for stocks with a 10% drop in premarket hours versus the previous day’s low. Most of the time it will return stocks that have not met their quarterly report.

When I trade. I always trade with 3000 shares looking for a $.20 increase per-share.

Would appreciate your input on when to go in .

The indicators that I use when I do choose a stock is the Bollinger band with a 20 day moving average and a two deviation count, expotential moving average high and an 8 expotential moving average low and money flow Index with confirmation from the “R” square indicator. This is on an intraday chart, five-minute intervals.

Any type of advice would be appreciated.

Chuck