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Steve, This is very interesting. Can you explain in details and give us an example?

I think i saw it last week with cbt near market close. It broke intraday high, and I got part of it. It went up 10 cents, and then another big offer. There was some small offer running in front of the big offer. The big offer was fake, and it went up another 10 cents, another big offer...

I played open once with good earning report. The stock gapped up, and continued with strength (plus tick bid etc). I tried nx and never able to get it (to me, it meant very strong), and so I finally used market buy. However, it reversed so quick that I had to get out at a loss of 1 point in...

I actually look at chart, t&s, quote, open book, and s&p future. I can at most manage two postions. I thought i was new and didn't have enough experience to handle more positions. Now after your explanation, I understand my problem. I will try to learn to read just from the quote.

Maverick, I think I got most of the concepts. I still don't understand how you can buy the stocks at open using "tape reading". At open, stocks gap up or down depending good news or bad news. There is no footprint for big buyer/seller!! There is not even a trend!! My understanding is...

I am really grateful for your response to my questions. So you start with pre-market research and look at all the news, earnings reports, earning guidance etc, and get 15 stocks to focus for the day. During the day, watch the quotes and the s&p future and trigger longs when you see a big...

This is the question for you. If you just look at s&p future chart, quote window, and p&l screen, you should have a lot of empty space in your montiors. What do you do with other spaces. Do you look at s&p future charts with different intervals (5 min, 15 min, 30 etc )?

Do you filter out other changes and just look at nyse?

Great to hear that! Our group leader made 1 mil a year but he told me he is not good enough. The best positions he can have is only 30 stocks. He know a trader who made 10 mil a year has 300 positions. The best trader doesn't look at quotes, and he still needs to look at the quotes. He is...

Maverick, Thanks a lot. A trader in my firm told me that he thinks the best trader never looks at charts and t&s. He told me to look at the quotes, the p&l, and future index or sector index (if you are playing sector). The p&l tells you if your selection is right or wrong. Get out if it...

Rkmalo, Thanks. Where do you find all the index symbols?

Steve, Thanks for your advice. Another experienced trader from my firm gave me the same advice. He told me to switch to oil service, or utility. My intention for this thread is to understand a general trading strategy for sector play. I don't intend to continue to play with home...

So I think I have to show which exchange the print appears, which exchanges for both bid and ask too. I didn't show the exchange in order to save space when I traded.

Maverick, Sorry for my ignorance. I went over your posts about double prints and tried to see if I could identify it. How can you tell double prints by looking at the quote window. The quote window just gives you the last price, bid and size. I cannot tell there are two prints with the...

Let me see if I understand it. If the overall trend for a news stock is up (the stock has been moving up nicely), it means there is buyer. So when you see a double print, it means there are two aggressive buyers, and they might push the stocks higher later in the day. You will buy the stocks...

I am new to trading, but I like to learn about trading on a sector. In the last couple days, I started trading home builders. I observed the charts and they seemed to move in the same direction in almost the same time. They broke intraday newhighs together. I think there are several ways...

I am confused too. I thought print + quote = tape.

fatrat, You are well ahead of me. Where do you find API, and examples? A tutorial will be great to help me to get started. What is the API to get the present ask/bid? I like to have an alert to have a signal when the bid with large size (say for example 5000 shares) is hit. I just...

Ilganzo: If you look at my attachment, you will find it hard to tell if they are buyers or sellers (at least to me, I am trying to learn to identify buyers or sellers). The first double print at 34.42 (with 4000 shares each) occurred between bid and ask. Then offer stepped down to 34.42...