I thought that we could use a refresher and some basics in case we have some new folks here. Most will know this stuff but hopefuly this will inspire some questions or help clear up any questions regarding the use of high and low volume in your analysis. Here is todays chart with the key areas labelled for Thursdays trade.
BR
BruceM
Rep: 216,211
Posts: 19,895
Market Delta......we have the VA low at 57 and that peak volume at 55...so trying a buy below the IB low into that range is worth it with a signal
BR
BruceM
Rep: 216,211
Posts: 19,895
low volume exists up at 60 so if we get the long we want to be out in front of that number
BR
BruceM
Rep: 216,211
Posts: 19,895
this is where I get impatient...a breakout of the IB low into the key zone with air above....looking long near 55.75
FU
Futurestr8r
Rep: 50
Posts: 24
I don't like this action, pulled 54.75 Gonna sit out for a bit & recalculate
BR
BruceM
Rep: 216,211
Posts: 19,895
most can see how the better trades worked at the low volume area with targets back into high volume areas...like the 70 and the 52.50 areas..my 55.75 went nowhere quick..that was high volume..
I have a 51.75 that is trying to work magic...but my trade isn't important...look at the areas.....
This is a trading "poster child" day for setups...study it careful in relation to the areas on page one....think of the bell curve
I have a 51.75 that is trying to work magic...but my trade isn't important...look at the areas.....
This is a trading "poster child" day for setups...study it careful in relation to the areas on page one....think of the bell curve
