There are three specific price patterns in the stock and commodity markets. Each is effective in its own right. These patterns are relatively short-term indicators; however; their implementation can also lead to longer-term opportunities. The gap trade (GT) is one of the simplest short-term methods in existence. Paradoxically, it is also one of the most misunderstood methods. Gap days are very important because they often provide very reliable day trading and short-term trading opportunities. While some of these patterns may seem familiar, but sometimes may not necessarily implement in the way most traders do. This chapter elucidates the specific price pattern designed to help short term traders achieve consistency and profitability. This chapter defines the gap trade with concise illustrations and definitions. Practical application of the method is stressed with specific examples.