Find it interesting that FD is posting so much in this thread ... whatever his strategy is.
so no points to be added by posting non-volume strategies..
I only posted in this thread because Tech/A commented on an increase
in volume at a particular level (resistance).
And his response was an increase in supply at resistance, which is stating the ‘obvious’.
My response was, 'buyers were in control' because of the ‘patterns’ in the market and ‘not the obvious’.
Fair enough, no more comments from me in this thread.
Frank
Your comments are as valid as any other contributor.
I have enjoyed our exchange and hope you continue to comment on this particular trade and continue with any further exchange.
Thanks.
Have been experimenting with low volume/low range for several days to come up with something that may be useful. Within the low vol./low range periods there are several opportunities to change criteria for experimenting. This is good for finding higher probability entry points. Knowing that any trade is only as good as the next bar.
Since Roland brought up LYC and PLA, I have two images that use low volume/low range markers as examples. The top half markers of each stock image are unfiltered.
Click on image to expand from blurry.
What does that mean?are we yet into absorption stage of weak holders?
What does that mean?
If you observe high volume accompanying wide spreads up, this shows that the professional money was prepared to absorb any selling from those locked-in traders who decided to sell – this is known as absorption volume.
I did pose the posting as a question as to whether this could be seen as absorption...
But it fell from the open. I have never read Masters of the Markets from TG or any other VSA stuff but IMO something thats open at recent highs and fallen on largish vol is weakness.
I would of thought if the big nutz were "adsorbing" any selling the close would not have been as tardy?
Roland.
My personal view and one held by a few others is that Identifying professional money through volume in the Aussi market is similar to watching pigs fly.
Other than say the top 50 ASX US and European markets Futures and Forex even attempting to identify Professional money is a joke.
Does it matter that you cant identify "Professional" Money clearly in the ASX----NO.
Watching tick trades and the associated volume, it is interesting to note what some of the larger parcels are doing. Can one assume that larger parcels are placed with more expertise?
Can one assume that larger parcels are placed with more expertise?.
Tech I wish I didn't have to have this conversation every time. I do not chase big volume.If your T/H you look for volume and ride it---not that easy and only a few are expert at it.(Seconds or minutes max).
Not for me---its way to intense for me.
Watching tick trades and the associated volume, it is interesting to note what some of the larger parcels are doing. Can one assume that larger parcels are placed with more expertise?
For example with GRR just now, there is a parcel of 85K gone through at $0.61 - that at least shows some confidence (in their mind) that this level will hold.
Sorry I had to Butt in again
GRR.....
Breakout of the 3month cycle in January has completed the move into April’s highs.
IMO this puts the stock at ‘risk’ during this cycle:- break & extend pattern complete.
Ideal pattern for the next trend UPWARDS would be to see the stock come back down into .39-49cents….
Stabilizes around the 50% level during April
And then continues higher from MAY using the MAY monthly 50% level back towards higher highs in the 3rd Quarter.
That’s how I would treat the stock at this point, and that's only a
Technical opinion as I have no idea about the fundamentals of the stock.
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