Volume query

[kid hustlr]

This is where we are now.
There is something of great interest here and guys like PAV/The Kid and other futures traders will know exactly what I mean.

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just got home. no such thing as 9-5. on the surface looks like an aggresive sell tech but will analyse further

 

[kid hustlr]

tech,

im talking ftse, dont have the dax, i assume similar action.

in my view,

there was an ok entry on the ftse on the short time frame when it made a lower low then a swing low after the huge run up. this on the back of the apparent lack of volume/demand (you circled) and what appears to be a pivotal point on the ftse CASH INDEX makes for an ok short.

I think longer term the trend is still up for a few reasons although if they were to smash it down in the US session tonight my view would change.

for me the trade of the week was the long set up u posted 2 days ago, i took that, should still be long (out way too early) and id be sitting back watching the bachelor well in the money

my 2c, intrigued as to whether u see it differently.

EDIT: should have mentioned something about the apparent high volume area circa 9600 on your chart

 

[tech/a]

Sorry I think you mis understood my comment.

The reversion is something you would see all the time
So I commented that you and others would know what I mean!

 

[kid hustlr]

Sorry I think you mis understood my comment.

The reversion is something you would see all the time
So I commented that you and others would know what I mean!

all good.

and yes you are correct, very few free lunches

 

[Muddy71]

RNR makes a very sound observation and its VERY important to consider what happens as price comes into resistance. Youll note in BBG's case that supply comes in as it races toward the resistance area. More about this chart later.

What I really wanted to show you was tonights DAX.

Firstly the 15 min chart and the remaining 3 min charts explaining the trade.

Click to expand any chart

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I haven't drawn in the resistance areas but you can see it blew through one clearly
There is another off page. This is very clear volume and range patterns which shouldn't be ignored
1 contract and 35 min and I'm done for the night---more than happy!

Thanks Tech/a,

Informative charts and well done on the trade.

 

[Faramir]

You'd get an ' A ' as you at least had a go at reading it.

Thank you Tech/A. I have been following The Continuous Breakout thread.
https://www.aussiestockforums.com/forums/showthread.php?t=29142&page=2

I feel that I cannot make a contribution because my knowledge is so limited. Thank you for putting the work into that thread and this one. I have to keep re-reading this one as well. I think I might be wrong but not enough books, How to Guides, etc look at volume but tech/a launches into it immediately. This aspect should be emphasised first. I want to understand this volume aspect first before I look at trend lines or other aspects. I know that everything is all related but I feel a thread like this should be my Step 1. Please correct this statement if it needs correcting.