Volumes and analytics thread

Intraday levels were formed on Wednesday:
972,5 and 970 positioned by the market as support levels.







It is already seen that 1020 (the last week level) worked off as resistance. And therefore, it is more reliable deal on 15.10.08: sale from 1007 and at breaking 972,5.



Thus, in the middle of a week we have another degree of protection of a deal’s reliability as historical levels are confirmed by levels of the current week.
This principle is applicable to other time parameters.
 


The situation looked like as such in chart Combo: Wednesday (pink chart) – movement from the minimum of Tuesday (blue) level 979,7 to achieve as minimum the “bottom” of Monday – 927,5.


Let us consider one more example of trade strategy from a level of maximal volume in the middle of a week.
Thus, within Monday, Tuesday (November 3-4) it was formed the levels: 1002,5, 1000, 999 totaling about 200 000 lots (the same levels were significant on October 13-14). Maximal intraday volume of Wednesday on 5 November was formed at the price of 987 (37 872 lot), 973 (32 540 lot) and 951,75 (32 342 lot).





You may observe by nature of trades that the first part of week was inert, accumulating, without trend. See the chart below.
On November 5 which was Wednesday the market efficiently responded to levels 1002,5 and 999 as resistance levels. It was formed the daily level as 987 and its breach was a strict signal to sale.
November 6, Thursday. Selling out from the Thursdays’ significant level (952) + levels 945-945 which are historically significant levels. (Levels of the previous month) – illustration of different time level coincidence as well
 




A rally for 4 figures is efficiently fixed by maximal daily volumes (see counter):
Level 903/902 – volume of 51 778 lot. It is senseless to trade on Friday after activity of Wednesday and Thursday.

 
Quote from Alex_S:

I will post here a book which I wrote some time ago, it`s about s&p emini and volumes, it should make people undersnading me more=)
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You mean you are going to post your book on this thread, or you are going to offer it for sale?
 
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