RE: Tradegate1 Apr 2021 21:40
I have quoted myself on this several times, I am even thinking about a text building block for this, and in case there will be an AFC wiki one day, I would seriously ask for an own entry calling this "Sack's Law": :-)
"On a normal day and without news, Tradegate just follows the direction of the last half an hour or the last hour:
- If there is a clear rising edge, Tradegate goes 3-5 cents ahead
- If there is a clear falling edge, Tradegate closes at the London price.
- In case of alternations, Tradegate closes 1 cent above London's level.
This happens most times, but not always. I would estimate the probability of this prediction to be 90%. But please DYOR and do not blame me, if it does not work out."