Trading the NYSE intraday

Discussion in 'Order Execution' started by candletrader, May 17, 2002.

  1. H2O

    H2O

    Hi,

    Don't know if this has been done but I'm thinking about a way to sort the Time&Sales in a way that I can discover some support and resistanced points.

    In my opinion this could easy be done by looking at what price most trades are going off.

    Any thoughts about this ?
     
    #41     May 19, 2002
  2. nice thought rob....

    i'm just starting to use ARCA to route orders to chicago and island. what happens if the inside market on the nyse is 30.10 x 30.20, while the next closest ECN is an ISLD offer is 30.30, and i enter an order to buy through the ISLD. will i get filled at 30.30??
    what about if i use ARCA?

    thanks
     
    #42     May 19, 2002
  3. Magna

    Magna Administrator

    Don,

    As you continually make it clear at every opportunity that you're not fond of chart reading, I'm curious about your statement above. Especially the "as are most things" part. For instance, what are the many other things that will be gone long before they show up on a chart....
     
    #43     May 19, 2002
  4. nylord1

    nylord1

    I have the quotes of the stocks and sectors that I trade all clustered in groups across my screen......no heat maps ar anything like that
     
    #44     May 19, 2002
  5. Tom Frey

    Tom Frey

    Dear nitro,

    can you recommend any sources where I could look up the stocks from different sectors and how I can find out which are the leaders and the "laggards".
     
    #45     May 19, 2002
  6. T/A_Bo

    T/A_Bo

    >can you recommend any sources where I could look up the stocks from different sectors and how I can find out which are the leaders and the "laggards".


    http://www.bullsector.com/

    This site has a ton of info on sectors/sector componants

    -Bo
     
    #46     May 19, 2002
  7. nitro

    nitro

    This idea is not dissimilar to the Market Profile - or even simple "binning."

    nitro
     
    #47     May 19, 2002
  8. Out of curiosity, does anyone use Steidlmayer's Market Profile when trading stocks? (I know its a pretty hot tool for futures trading)...
     
    #48     May 20, 2002
  9. nitro

    nitro

    Dearest Brother Candle,

    I think it would be best if you took (one of your famous) poll.

    No, not directly, but the ideas from it are incorporated in some of my trading.

    nitro
     
    #49     May 20, 2002
  10. Most opportunities show up for a very short time when one is reading the tape, looking for trade throughs, price drops, and other major setups....that is the only point that I am making. We spend a lot of time teaching these techniques, and if we see people trying to view the opportunities on a chart, it just defeats the purpose. Not a big deal, charts are fine for some types of longer term trading, and we use them for spoos, prem, disc, etc. (with a decimal box next to the chart).

    Don
     
    #50     May 20, 2002