I'm hoping to get some discussion started on these. Most know them as Points of Control. ON this chart they are based on volume not time so sometimes the 4 P.M EST close creates the high volume node and sometimes you can see more than one key node. Anyway , it's a start..
The red line is the peak volume for each day and my software automatically extends them over if the aren't traded through the next day
I had to shrink this down in order to fit these on the chart.
RE
redsixspeed
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Posts: 1,711
If we trade down to the 1040.50/1034.00 area do any of you node
traders see a node about the 1037.25 area..
thanks
traders see a node about the 1037.25 area..
thanks
RE
redsixspeed
Rep: 4,111
Posts: 1,711
Originally posted by redsixspeed
If we trade down to the 1040.50/1034.00 area do any of you node
traders see a node about the 1037.25 area..
thanks
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don't know if there was a node @ 1037.25...guess it don't matter now
BR
BruceM
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Posts: 19,895
Red, I will be posting the 39 - 40 node in the day trader thread over luch...soon I hope
BR
BruceM
Rep: 216,211
Posts: 19,895
lets see if we can get some interest on this.......to start I'd like to know what specifically the lower panes are.....I can't read the chart.......then perhaps we can move to the application of those indicators/volume breakdowns
Originally posted by beyondMP
Here is a chart from the morning of 8/18 that illustrates the movement from node to node. You can also see, the info at bottom of the chart, which represents the breakdown of volume into several different parts, which can give a good "heads up" for entry and exits.


