the Auction Process 02:15:00, pART 3, volume, profiling. Notice how both blok and blcn have enormous volume on the first few days of the ETFs going live, only for the volume to drop off. The below chart is of Frontier Communications, ticker FTR with a long wick down. As day traders, you want to wait until the high of the day is broken with volume. We are a team of traders who are also close friends that share the same ideology on how to develop trading talent. To see how Tradingsim can help improve your bottom-line, please visit our homepage. Apple with Volume Overlay on Price The simple way of determining where to focus your attention is on the longest volume bar. In addition to technicians, fundamental investors also take notice the numbers of shares traded for a given security. This is because the run up to the high over 26,000 was done on light volume. Volume can however provide you further insights into the internal health of a trend. However, once you overlay the volume you will see there are three key levels: (1) 18,500, 21,000 and 25,500.
For those fans of the Tradingsim blog, you know that I exclusively trade breakouts in the morning of each session. The key is to get out if the price action begins to chop sideways for many candles. The underlying message is there is more positive volume as the stock is moving higher, thus confirming the health of the trend. While this would have been a bad trade, because your money is idle, it's still much better than what I'm getting ready to show you next. 5-Year Dow Jones Analysis 5-Year Dow Analysis Every time I look at the chart of the Dow, it takes my breath away. Take a look at the below chart without scrolling too far and tell me if the stock will continue in the direction of the trend or reverse? Please don't beat yourself up because the 9:35 bar had 150,000 shares traded and the break of the high at 10:10 am only had 132,000. A part of the setup which may not have been apparent is 115 was not only a significant volume resistance level, but also the.8 retracement level. These folks are not natural price movements for the index in historical terms. In Summary The stock has volatile price action with most of the candle color mirroring the direction of the primary trend (i.e. One slight twist I want you to try out is to combine these key volume levels with Fibonacci. Table of Contents, why is, volume, important?
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