High Probability Trade: july 27 No Trading

Friday, July 27, 2007

7/27/2007 02:00:00 PM Posted by HPT

I didn't trade today. The market sure has taken a beating this week.

Anonymous said...: I read your blogs on daily basis, did you ever think about using market delta charts... I use a tick chart with 200K block on spy as my signal. But this is not always correct. also is there a way to know on tick chart , if its a long or short trade for those block signals
High Probability Trader on 6:30 PM said...: Right now is probably the craziest time to try to learn how to trade. I will be putting together my new trading system soon, so I will try explain the way I see trades.

Your questions-
A block trade is a block trade, someone bought and someone went short, the future direction is best determined if this block trade occurred on a breakout or if the trade occurred in an established range. NYSE A/D tells you the direction.
Anonymous said...: thanks for quick reply -
excited to see whats u new trading system.. i like your block trading signals..

I have a full time job..will be trading 9.30 to 10.30 and 1 to 3.30 p.m ...so i am thinking to concentrate on scalping as i will have to get out early... I am researching if IB has anything simmilar to market delta...

- Bill

High Probability Trade