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Wednesday 11 April 2007

April 11 trade summary



The most imporant thing I took away from today was that I recorded the trading session and will be able to go back and study a couple of setups. I have to leave early, so that is why I stopped trading around 8am. I wonder if the reversal at 8am has to do with overseas traders covering their short positions before their markets closed. Ever notice how right around 8am (11am EST) price action settles for 5-10min. I expect volatility to slow the next 2 hours leading up to FOMC minutes.

Here's block trade signals on QQQQ and IWM-



Block trades on AAPL. Notice the short covering with large traders coming in to fade at $93.25.



Here's some volume by price charts-





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