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After that first high at 10:42 the index (Nasdaq Comp) turned up and continued to rally, closing at its high. Not used to seeing that kind of rally often these days, but I guess investors liked the earnings numbers and scouped up stocks. I stayed out after the first run up, having bagged two...

Just now (10:48am) closed NTAP at $33.10. Got in at $32.60. Also closed another at 10:48am (will not name) at $19.71. Got in at $19.23. This stock is now at $20.05. Market went off its high at 10:42am (Nasdaq Comp) after a sharp run up and I exited. I suspect that it has topped for now and...

I like to contribute to discussions on this board in a way that is helpfull to other traders. I have gone as far as I can without revealing my edge. At the end of every trading day study the charts of the top fifty price gainers using a 2-day chart. Soon you should develop your own approach to...

Well....you get my point.

I use 2-day and 1-day charts with no technical indicators for trading breakouts. I look at price, volume, sector, news and the direction of the overall market intraday. Risk is the big thing in daytrading and I know of only two ways to limit risk: Trade in the direction of the market and keep a...

My view on technical indicators is that there is the tendency to think that technical indicators can foretell what a stock is going to do. Technical indicators lag price and do not point to future price movement. If a stock is in an uptrend then rolls over into a pullback .30c off the high, I...

The gap-down-reversal on high volume, is a popular trading strategy, and the set-up occurs frequently. Overall, the probability for a successful trade is greatest when the reversal occurs in the direction of the overall market. EPIX (see chart) was another gap-down-reversal on high volume, but...

My previous post had said 1:30pm. The correct time is 12:50pm which it now reads.

Newbies can note that at 12:50pm APCS was doing 1.3ml shares on an avg daily vol of 2ml shares, signalling above average buyer interest. Not a guarantee that the stock would go higher, but a good reason to give it a shot.

Break-neck trades in the early volatility are not for me. Slower moving action later in the day when the market has settled down is more to my liking, like APCS when it broke above 12.50, Friday: http://cbs.marketwatch.com/tools/quotes/intchart.asp?symb=apcs&siteid=mktw&dist=mktwqn

Also, what type of buy order did you use to buy CREE at 26.40

Quote from sobemark: 01/14/2005 09:33:31 CREE CREE INC B 200.000 26.40000 -5,280.00 01/14/2005 09:33:31 CREE CREE INC B 800.000 26.39000 -21,112.00 01/14/2005 09:43:48 CREE CREE INC S -1,000.000 27.00000 You must have been following CREE very closely to catch it at $26.40...

Explain the attachment.

Can the system work if 150 -160 positions are taken all at once with market orders?

Did you paper trade the system?

Sure, whatever works for you.

TI has 20k as the smallest block trade that they report. There are bigger one-minute spikes than 20k. See below: http://www.prophet.net/manage/watchlist.jsp The significance for me is that when I see like a 200k spike at 10am in a stock that does 500k avg daily volume, I take a closer...

One minute volume spikes are block trades. This could be it: http://www.trade-ideas.com/Help.html#BP

It's listed there as Block Trades.