Sunday, April 20, 2008
Thoughts of Barry Rudd about time & sale
Time & sale screen shows actual trades, the time, the number of share and price. If you have a trade pattern setup, look at the time & sell screen flow of orders to see if they are being filled at the bid or at the ask price. If you are set up for a trade to the long side, look for trades coming through at the inside ask price of the market makes screen to help you time your entry. Also the inside price level of the market makers will start to move up this is specially true if you see 1000 lot trades coming through the time and sell screen. There are two other computer day trader that are buying the stock and help assist the momentum into the upside move. The rivers scenario is true of the downside move. Time and sell screen are fundamental to help you time your entries and exists for the best trade set ups. Only actual experience will enable you to hone the ability this is why paper trading is important initially. But remember the actual time is learnt when you are begin live trading
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment