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[ATTACH=full]103331[/ATTACH]
Why is volume so important to the Action Strategy!
What does volume mean to you? First, it gives you the context to understand why volume is important when you are considering a trend. If an uptrend is not confirmed by an expansion in volume, then what you have is the same number of buyers or, worse, fewer buyers. When price rises, it does so because there are even fewer sellers! Once you realise that the market is trending with higher prices without volume confirmation, then you truly are at greater risk of the trend reversing & doing so both quickly & violently.

Probabilities
Trading is all about predicting the value of a security sometime in the future & the idea of qualifying the strength of a trend. I can tell you with certainty not all trends are the same in terms of strength, durability & viability - by qualifying the trend it provides a trader with an exceptional edge.

As it's nearing 11:30am I'm off to place my trades in the pre-auction..

Skate.

<blockquote data-quote="Skate" data-source="post: 1071596" data-attributes="member: 57364">[ATTACH=full]103331[/ATTACH]Why is volume so important to the Action Strategy!What does volume mean to you? First, it gives you the context to understand why volume is important when you are considering a trend. If an uptrend is not confirmed by an expansion in volume, then what you have is the same number of buyers or, worse, fewer buyers. When price rises, it does so because there are even fewer sellers! Once you realise that the market is trending with higher prices without volume confirmation, then you truly are at greater risk of the trend reversing &amp; doing so both quickly &amp; violently.Probabilities Trading is all about predicting the value of a security sometime in the future &amp; the idea of qualifying the strength of a trend. I can tell you with certainty not all trends are the same in terms of strength, durability &amp; viability - by qualifying the trend it provides a trader with an exceptional edge.As it&#039;s nearing 11:30am I&#039;m off to place my trades in the pre-auction..Skate.</blockquote>

[QUOTE="Skate, post: 1071596, member: 57364"] [ATTACH=full]103331[/ATTACH] [B]Why is volume so important to the Action Strategy![/B] What does volume mean to you? First, it gives you the context to understand why volume is important when you are considering a trend. If an uptrend is not confirmed by an expansion in volume, then what you have is the same number of buyers or, worse, fewer buyers. When price rises, it does so because there are even fewer sellers! Once you realise that the market is trending with higher prices without volume confirmation, then you truly are at greater risk of the trend reversing & doing so both quickly & violently. [B]Probabilities [/B] Trading is all about predicting the value of a security sometime in the future & the idea of qualifying the strength of a trend. I can tell you with certainty not all trends are the same in terms of strength, durability & viability - by qualifying the trend it provides a trader with an exceptional edge. As it's nearing 11:30am I'm off to place my trades in the pre-auction.. Skate. [/QUOTE]

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