After an FTT, Price moves back to the right trend line (retrace - skinny red lines on my chart) on decreasing Volume. Once Price breaks through the right trend line, expect to see increasing black Volume with increasing Price.
- Spydertrader
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Spydertrader's Jack Hershey Equities Trading Journal III
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After an FTT, Price moves back to the right trend line (retrace - skinny red lines on my chart) on decreasing Volume. Once Price breaks through the right trend line, expect to see increasing black Volume with increasing Price.
- Spydertrader
Monday Dry up Stocks
CHDX IAAC LEND MEH OMRI SYX
Also, keep an eye on OMTR
- Spydertrader
CHDX IAAC LEND MEH OMRI SYX
Also, keep an eye on OMTR
- Spydertrader
Quote from Charly:
would someone let me know where to look for the Gaussian's formulars - TradeStation version?
I think someone posted this information within the Futures Journal.
- Spydertrader
Can someone pls clarify:
When a stock shows up on the watchlist for DU and it doesnt do it the next day BUT the indicators are aligning for a good set up (MACD trending towards 0; stoch almost crossing 50)..
Do we still have to use the DU numbers to dictate our entries?
OMTR is a good example; it showed up on the DU list the last time about 8 trading days ago but the set up wasn't great. However, as Spydie pointed out from his last post, its looking good sitting on the RTL as if to FTT.
thanks for the response.
When a stock shows up on the watchlist for DU and it doesnt do it the next day BUT the indicators are aligning for a good set up (MACD trending towards 0; stoch almost crossing 50)..
Do we still have to use the DU numbers to dictate our entries?
OMTR is a good example; it showed up on the DU list the last time about 8 trading days ago but the set up wasn't great. However, as Spydie pointed out from his last post, its looking good sitting on the RTL as if to FTT.
thanks for the response.
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Quote from virgintrader:
Do we still have to use the DU numbers to dictate our entries?
It depends entirely upon how one plans to trade. If a trader focuses on the Dominant traverses, then one needs to look for increasing Volume as Price heads higher (increasing black) off a Point Three. On the other hand, if a trader entered long off an FTT of a down channel, one then needs to see decreasing black Volume as Price heads back to the RTL of the down channel. In such a case, a trader would have entered and traded a non-dominant traverse. In the example of OMTR, we have two competing trends. Using PRV Volume, one can determine which (at the present time) controls Price. Once one knows which Trend (up or down) Influences Price the most, one can then know what to anticipate in terms of Price and Volume.
- Spydertrader
Quote from Spydertrader:
Using PRV Volume, one can determine which (at the present time) controls Price. Once one knows which Trend (up or down) Influences Price the most, one can then know what to anticipate in terms of Price and Volume.
- Spydertrader
Thanks Spyder...this is where i "mess" myself up.
So using OMTR, sorry to sound ignorant, my read from the Volume today..I didn't enter as volume today didn't appear enough to change the current down trend (like 30K by 10:30) i.e. higher price with increase volume didnt materialize so far...
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