Quote from fluttrader:
anything interesting to add, mister Spiderman ?
Quote from Spydertrader:
As has been pointed out to you by several different contributers, defining Trend with the aid of Price and Volume provides all one needs. In an uptrend (higher highs), Dominant Volume pushes the trend forward while non-dominant Volume causes the retrace (or pullback). In a down trend (lower lows) the same process takes place, only with a reversal of Volume bar color playing the roles of Dominant and Non-Dominant Volume. These are the basics. This process repeats over and over again, all day every day in every market on every time frame - provided sufficient liquidity exists.
Any more questions?
- Spydertrader
LOL, school's inQuote from Spydertrader:
As has been pointed out to you by several different contributers, defining Trend with the aid of Price and Volume provides all one needs. In an uptrend (higher highs), Dominant Volume pushes the trend forward while non-dominant Volume causes the retrace (or pullback). In a down trend (lower lows) the same process takes place, only with a reversal of Volume bar color playing the roles of Dominant and Non-Dominant Volume. These are the basics. This process repeats over and over again, all day every day in every market on every time frame - provided sufficient liquidity exists.
Any more questions?
- Spydertrader
Quote from riskfreetrading:
Verify what I wrote above, and see whether I am right or wrong.
PM me if you want to know more about MAs.
Quote from fluttrader:
The problem is WHEN you have a local higher "high" and local higher "low" in the uptrend ..
Quote from fluttrader:
6300 posts , is he the resident teacher at ET ? LOL
Quote from fluttrader:
6300 posts , is he the resident teacher at ET ? LOL
Quote from fluttrader:
The problem is WHEN you have a local higher "high" and local higher "low" in the uptrend ..