Barry Rudd – Stock Patterns for Day Trading

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    Introduction to electronic direct access trading for stock day traders
    Overview of Investing, Swing Trading, and Day Trading
    The NYSE – structure of an “auction” market
    NYSE order routing with SuperDOT
    Role of the Specialist
    The structure of the NASDAQ market
    NASDAQ order routing
    Understanding ECNs (Electronic Communications Networks)
    Role of the Market Makers
    Basic terminology
    Understanding the Level II quote window
    Components of the basic screen layout for your computer
    What are price bar charts?
    The daily bar chart
    The 5 minute intraday bar chart
    Understanding how to use the stock ticker
    Order entry and management windows
    Tracking the market indices
    Using candlestick charts
    Level II quote screen tutorial
    Introduction to methodology section of course (for tapes 2 – 6)
    Why use price bar charts to day trade?
    Scalping vs. intraday trend trading – overview
    Find a trading style that fits your personality
    Know your exit price before you enter a trade
    The “Wiggle” – a detailed explanation
    How to determine the current wiggle for each stock you trade
    Generating a computer screen layout for your trading
    Navigating your tickers, charts, stock box and time and sales windows
    Interpreting your tickers
    Which indices to follow and why
    Utilizing the “new high, new low” ticker
    5 minute bar chart patterns
    Consolidation breakout pattern – the dynamics
    Timing your entry with the Level II & time and sales to get the best entry price
    Spotting breakout patterns in advance
    Using another Level II window as a “launching pad” for trade entry
    What constitutes consolidation – the 3 main criteria
    Tying the bar chart price to the Level II quote screen
    Interpreting the time and sales “prints” in relation to Level II quote movement as a way to uncover buying or selling pressure
    The Bull’s Horn pattern on the 5 minute chart
    Listening to the market and reacting – don’t force a trade
    Intraday wedge pattern
    Using the prior day’s intraday chart to enhance consolidation breakout trades
    Support and Resistance on micro and daily time frames – a visual indicator of potential halting points
    “Shotgun” pattern on the 5 minute bar chart with ensuing volume influx
    “L” pattern on the 5 minute bar chart
    Morning “Flashback” or headfake pattern
    Computer screen examples of 5 minute bar chart patterns
    Wide Range Day with Extreme Close – daily bar chart setup
    Wide Range Day with slight gap outside, slight gap inside, the opening even with prior day’s close, and the big gap open
    Trading off micro support and resistance zones on wide range days
    Large price gap plays on the daily bar chart
    More on large gap openings on the daily bar chart
    Computer screen examples of wide range day setups
    Reversal setups on the daily bar chart
    Intraday (5 minute bar chart) dynamics of the Reversal setup
    Where to enter and exit a reversal trade
    Scanning your daily charts to create a hit-list for the next trading session
    The alternative entry to the intraday consolidation breakout
    The dangers of “randomly” picking tops and bottoms of price swings intraday
    Variation on the initial wiggle to better minimize losses on a losing trade
    Daily congestion breakout plays – more stocks for the morning hit-list
    Computer screen examples of the Reversal setup
    Profit Targets – likely halting points to exit a trade:
    Daily price support and resistance
    Retracement of a Wide Range Day
    Reversal setup profit target
    50 & 200 day simple moving averages
    The closing of a price gap on the daily chart
    Price spike on intraday chart
    Significant reversal in direction of market indices intraday
    Filters – filtering out the best potential day trades
    Too near a profit target
    Beware of trading a stock during daily congestion
    The cyclical nature of a stock’s “trader friendly” mode
    Significance of the typical daily range of a stock
    Computer screen examples of profit targets and filters
    Summary – tying together all the trading analysis
    Trade checklist – 14 step flowchart process for evaluating, trading and managing high probability trades
    Fading (counter trend trading) techniques – not randomly picking tops and bottoms, but using specific criteria instead
    Profit target reactions
    “Big Stack and a Rainbow”
    NASDAQ Level II quote screen – a fuller understanding
    Using 4 key factors to gauge the risk of a stock
    The bid/ask spread
    Number of Market Makers and ECNs per price level
    Number of shares posted by each Market Maker and ECN
    The price difference between each “price level”
    How a Market Maker can act as the “ax” or “hammer” in a stock
    Relative Strength – daily and intraday – one of the most important factors in your trading decisions
    Market Indices – the trend vs. the immediate direction on the 5 minute chart
    Micro support and resistance on the indices
    Typical market index behavior – morning move, mid-day, and afternoon move
    Computer screen index examples of relative strength
    Time of day – finding the best times to trade (and the ones to avoid)
    What stocks to trade – how to choose your basket of stocks
    Trade analysis – trading as a business
    Managing your trading vs. just managing a trade
    Money management – a three step approach to help minimize risk and lock in profits
    IPOs and news trades
    Scalping profitably – beware the pitfalls
    The art of trading
    Some footage of “live trading”

    SIZE: 3.4 GB

    Note: It is an older course,but  filled up with many usefull informations even for today trader