What sharp prop guys were looking at in catching today's trend trade

ppteam

Today's post will talk about the "structure" of the market and how we can interpret REALTIME what is appearing before our eyes' and how we can capitalize on the "blitzes" that the market is showing.
Today there were so many of them and I have listed them below. The timing of each one of these occured in the early morning, with some occuring before others'. Regardless, they occured at or before 10am. ALL OF THESE INDICATORS LED TO THE STRONG BELIEF THAT WE WOULD HAVE A TRENDING UP DAY.
1. Advance/Decline Ratio was 9 to 1 on the opening and didn't deviate from this level all morning long.
2. The S&P's hit the R3 (pivot point level) in the first 15 minutes of trading.
3. The NYSE Tick didn't dip down below zero in the first 30 minutes of trading. YES, PLEASE RE-READ THAT. That rarely if ever happens.
4. The NYSE 10 period Moving Average Tick stayed significantly above zero in first 30 minutes of trading.
5. The low/high for the day is usally in by 10am.
6. Small Caps (russell/nasdaq) were leading us higher off of the open.
7. XHB (housing) was the strongest sector early in the morning.
These indicators can help determine the internal structure of the market early on.
Did I miss anything? I want to hear from other traders'. What did you see?

snowwolf229

ding

ppteam

plus, 全天有20次左右TICK 1000+，最后以TICK 1300收场。买盘不断。

snowwolf229

mini-dow gap > 70 points - don't fade the gap, it's most likely a runaway gap during the day

ppteam

4# snowwolf229



yeah, 这种专业口子很猛。ES今天最佳入场是在8:15AM，非常典型，以后你想卖掉都没机会，呵呵。

mary666

ding

Ave

SpringMountain

soulvirus

牛叉

NumberRules

5# ppteam

啥是专业口子？

NumberRules

open range broke out ＋stronge tick ＋abandom baby on chart + CL leading = super MAD..

金牛银熊

plus, 全天有20次左右TICK 1000+，最后以TICK 1300收场。买盘不断。
ppteam 发表于 2009-7-15 22:48

MHP!
BS!!!

动感

ppt ，　老熊都被忽悠坐轿子了？　　适当的时候俺也坐坐:(13):　不过要盯着老熊，看他何时跑路哈．

90ufo

学习,复习

ppteam

哈哈，一上来就看到老熊原来的粗体红字。 TICK数据在那里，数一下就成了。