Trading the NYSE intraday

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 ?
 
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
 
Originally posted by Don Bright

the PREM....will be gone long before it shows up on a chart, as are most things.
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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....
 
Originally posted by Tom Frey
@nylord1
thx for your earlier reply

for those trading sectors, where do you look up sector strength,. etc. Do you use heatmaps from any online sites or what do you look for?
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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
 
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".
 
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 ?
More...

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

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
 
Originally posted by Magna
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....
More...

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
 
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