In the last article I discussed two examples of how and why volume can show the changing face of supply and demand. When the order of supply and demand is change we will get a change in market direction, sometimes a significant change in trend or otherwise some degree of retracement of the prior move. [...]The Hidden Strengths of Volume Analysis (part 2) is […]
The power of correct volume analysis cannot be overlooked. Unfortunately the ability to read volume correctly is not readily discussed or freely available. Off-the-cuff remarks such as, “increased volume on advances is bullish and increased volume on declines is bearish” are bantered around but that’s as far as it goes. The correct use and application [...]T […]
The most important part of investing and trading is psychology. Investing is a constant struggle where the battleground is not the market or advice given but comes from within you. You will face stress over losses, you will be in turmoil in deciding to enter or exit a position and it will place many demands [...]The Psychology of Trading is a post from: Shar […]
Weekly Trend: Up Daily Trend: Up Daily Momentum: ___ Flat Our All Ordinaries Index and the XJO failed to extend yesterday’s gains, closing down slightly and trading in a very tight range as did the major US indices overnight. Their futures have also been flat during the night session so our market drifted without any [...]Get a Free Chart of the Week at The […]
Weekly Trend: Up Daily Trend: Up Daily Momentum: ___ Flat Overnight European markets were very strong and US markets were up, although not as heavily. As a consequence, our market burst out of the blocks on the open, range trading thereafter. It started to fade at lunch time and looked like it might start to [...]Get a Free Chart of the Week at The ChartistT […]
Weekly Trend: Up Daily Trend: Up Daily Momentum: ___ Flat Our market succumbed to some selling pressure today on increased volume, the XJO down from just after the open to close its lows for the day, posting a 0.9% decline. Most sectors finished in the red, Metals/Mining and Materials the biggest laggards, both down 1.3%. [...]Get a Free Chart of the Week at […]
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