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5 - Intraday Pattern Practice Session
5 - Intraday Pattern Practice Session
LESSON FIVE
Intraday Pattern Practice
• “Hit the Bids” – Sell via a market order at the highest price that
you can sell at.
• “Pay the Offer” – Buy via a market order at the lowest ask price
• Bid – Use limits to get filled on the bid price, those willing to
buy.
• Offer – Again use limits to get filled on the ask/offer price, those
who want to sell.
• Reserve Orders – Only show a fraction of your size in market
depth. You can see this when you see prints at the same price
larger than the shown size
• ECN’s – Electronic Communication Networks are the new form
of exchanges that eliminate the specialist model and attempt to
provide direct market access to participants. (ARCA, ISLD,
Hotspot for FX, etc)
AUGUST 3RD,
2010
THIS IS A
WEAK STOCK!
FROM Make it a next day play! Where if the market gets weak your
going to sell more of that stock adding below key levels.
SIMULATION 1 Note it gets a little stronger than at the end of the day.
JUNE 21ST,
2010