How to trade the gap for the S&P 500 Index

[orzac]

Hello,

I`m new here i`ve posted this question before I don`t want to spam or anything it`s just that it probably hasn`t arrivied in front of the right people. I want to trade the gap that happnes most days on the S&P500. The problem is that IG (a great CFD broker) doesn`t show the gaps. I check on yahoo finance the level where it stopped the previous day but how do I know at what level is it trading when it`s open. I live in Romania the US stock market opens here at 16:30. Do I look at the first candle at 16:30 to determine the price which it`s trading right now how do I do that how do I know which is the first candle to place a trade that the GAP will close.

Please someone help me

Thank you

[gavjam]

Hi Orzac

You would use the open of the the first candle at 16.30 Romanian time. I typically use the 5 min charts for this criteria and use the opening 3 candles as the opening range. Ill then watch for any ORB (opening range breakout)!