Bullbear-ar: The effect of HFT

domingo, 28 de julio de 2013

The effect of HFT

http://traderkingdom.com/market-profile-archived-webinars/4860-trading-strategy-recorded-webinar-effect-of-high-frequency-trading-on-day-trading-strategies

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Trading Plan

1) Protect your capital
2) See rule #1
3) Don't trade what you think, just trade what the charts say
4) Use stops on all orders
5) Never let a winner turn into a loser
6) Never buy R2
7) Never short S2
8) 3 losing trades in a row= strike 3.......shut down the computer for the day. Something is wrong in my head!
9) Buy double bottoms & sell double tops
10) Use Volume Profile to find finger prints
11) LVN-Market Imbalanced, HVN Market Balanced
12) Volumeprofile study in TOS
13) LIVE SQUAWK AUDIO
14) Above 200 EMA and 50 ema and 20 EMA Bull
15) Below 200 Bear
16) Psicological game Market Understanding + Self understanding = Mastery

Máximas

Being ignorant is not so much a shame, as being unwilling to learn. ~Benjamin Franklin

Remember as day traders we always are looking for divergences between price and value, so our first goal every day is to find value.

At LVNs (Low Volume Nodes) we will find wholesale price for entries and at the HVNs (High Volume Nodes) we will find retail prices

As always, we look for value. Where the perception of value could change? Above LVN 1685 or below LVN 1681.

I think the LVNs (Low Volume Nodes) are the logical spots for entries and the HVNs (High Volume Nodes) the logical spots for targets.

Rule#1: Buy below (1681) and Sell above (1684.75) Value (POC 1683) until the perception of Value has changed.

Pre market plan is important; but tape reading along the way is the key to success. Red lights and detours always part of the journey

Poor volume at lows. That means rejection so there's a chance for a move to the other side

Volume Profile (High/Acceptance or Low/Rejection) always gives us some clues before price moves. In this case the rejection at lows.

Remember as day traders we always are looking for divergences between price and value, so our first goal every day is to find value.

Trading is not a rocket science, it's the art to find early clues about the perception of market value before the others players.

Rule#1: Buy below or Sell above Value (POC) until the perception of Value (Breaking LVNs) has changed. Rule#2: Never forget Rule#1.

Bullbear-ar

domingo, 28 de julio de 2013

The effect of HFT

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