Barry Rudd – Stock Patterns for Day Trading

VIDEO I

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

Summary

Level II quote screen tutorial

VIDEO II

Introduction to the methodology section of the 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

VIDEO III

What constitutes consolidation – the 3 main criteria

Tying the bar chart price to the Level II quote screen

Interpreting the time and sales “prints” about 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 head fake 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 a wide range of days

Large price gap plays on the daily bar chart

VIDEO IV
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

A 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 the intraday chart

The significant reversal in direction of market indices intraday

Filters – filtering out the best potential day trades

Too near a profit target

Beware of trading 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

VIDEO V

Fading (counter-trend trading) techniques – not randomly picking tops and bottoms, but using specific criteria instead

Profit target reactions

“Tagging”

“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

VIDEO VI

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 useful pieces of information even for today's traders