Friday, July 27, 2007

july 27 No Trading


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

3 comments:

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

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