Momentum Daytrading - Tricks of the Trade Message Board

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Strategies & Market Trends : Momentum Daytrading - Tricks of the Trade

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To: Ken Wolff who wrote (719)	3/24/1998 12:04:00 AM
From: Philip C Manoharan	Read Replies (1) of 2120

I am new to daytrading. I attended your free class for a week. I am now trying to catch up on the basics - before making the decision to join the group. I receive the mtrader emails regularly. Thank you very much. I have a few questions. On your "in-betweeners" or change in direction When trades between the bid and the ask take place - that is the signal to Ken for a change in direction. This must be accompanied with trades occurring at the bid (for downticking direction - the trade is a sell as it is occurring at the bid price) or ask (for upticking direction - the trade is a buy as it is occurring at the ask price) On Datek live quotes the volume indication is accompanied by either a green arrow pointing up or a red arrow pointing down. Is it right to say that the "in-betweener" (change in direction) occurs when the arrow turns from green (up) to red (down) and vice versa. Does green indicates upticking and red indicates down ticking? I use bullsession.com for live quotes. Any comment on the quality (in relation to price) of the quotes? Any recommendation for a better service?

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