Where should a beginner begin?

[pinabetal]

No, by "pressures" I mean those who are interested in buying vs those who are interested in selling. If sellers are offering few if any obstacles to buyers, price can rise on practically no volume at all. Today's activity in the NQ is a good example of this. What is most important to an increase in price is whether or not demand is greater than supply.

As for being harder to implement, that depends on how much one knows and how much of what he knows is untrue. If one starts off on the wrong foot, he may never get it. And many never do. Those who know absolutely nothing about charts and indeed may never have seen one have little to no trouble with this.

Actually it can be the exact opposite. Sellers offer an obstacle by backing off on their offers causing price to rise on very soft volume because sellers are backing off and buyers have to bump up to buy.

Nowdays interested buyers and interested sellers doesn't actually mean alot because there is so much illegal spoofing going on so the "wall" on a dom means less than what it used to mean as htfs make and pull offers and bids faster than a trader can say jimbo.

Price can rise because of increased demand. It can also rise on sellers backing away. And volume can stay the same, in both cases. The net effect is the same but the concepts are different. Actually today the sellers were probally backing off as opposed to buyers tripping over themselves forcing BO's

 

[lovethetrade]

In general the concept of supply and demand is important and but even more important is how to DETERMINE which is stronger and that requires interpretation of something and it is not as easy as looking at a line chart. Of course, it is easy in hindsite looking at MOST ANY CHART.

That sounds awfully like a philosophy to me.

 

[pinabetal]

The only interpretation required is to determine whether price is higher or lower at point A than it was at Point B, even if those points are only ticks apart. If one can't do this in real time, then, yes, he's going to have trouble.

You may want to look at the Trading Price link I posted earlier (post #10). The thread is only 25 posts long.

Its not that easy. Sorry.

 

[lcranston]

Actually it can be the exact opposite. Sellers offer an obstacle by backing off on their offers causing price to rise on very soft volume because sellers are backing off and buyers have to bump up to buy.

Nowdays interested buyers and interested sellers doesn't actually mean alot because there is so much illegal spoofing going on so the "wall" on a dom means less than what it used to mean as htfs make and pull offers and bids faster than a trader can say jimbo.

Price can rise because of increased demand. It can also rise on sellers backing away. And volume can stay the same, in both cases. The net effect is the same but the concepts are different. Actually today the sellers were probally backing off as opposed to buyers tripping over themselves forcing BO's

You're introducing the DOM and buy and sell orders, which may be important to a scalper but not likely to be of concern to someone who is new to the markets. When one limits himself to completed transactions, which are all that a beginner is likely to be concerned with, the picture is considerably clearer.

 

[spindr0]

Speedo is correct. The "where is she and where does she want to go" actually is quite easy to deduce. She is at zero. She wants to become a profitable trader.

In the most basic sense, that's true. But where does she want to go involves more than just that. She might want to trade for additional income and that could be as easy as some covered calls for some extra yield. Or maybe she wants to be a day trading giant like many of those who post here all day long

 

[murray t turtle]

It's quite a bit of my opinion, too ... if she's the right sort of person to benefit from them.

For the right people, the approach you outline is a solid and excellent one, for sure.

My only reservation is that some will perhaps find it off-puttingly difficult, as I nearly did myself, to be honest ... though you definitely have the order right, to minimize the risk of that happening - which I didn't, at the time (I don't think the videos were available back then).

It's perhaps arguable that the people who get put off aren't really going to become traders anyway - I just don't know whether that's true.

I'm criticising myself and not you, but I don't really know what this means: it seems to me that whatever it means, it's probably going to depend on acquiring quite a bit of knowledge and experience first, which kind of takes us back to the original question?

%%
Well, XEla ,since it takes time to develop anything; i would for starters mention it takes most people years.And if she is not @ the top of the typing class in speed,that tells us a lot. If she is at the top of her class in typing speed, that could be one out of 100 development points

 

[lcranston]

Its not that easy. Sorry.

It can be.

 

[Sprout]

Easy to say but quite harder to implement. By pressures if you mean activity i.e. volume then one needs to understand price can also rise on declining volume and it can do so ALL day long.

Lvbo’s (low volume break out) exist, but in liquid markets this phenomenon presents itself because it’s in a non-Dominant retrace of a larger Dominant opposing channel.

PA making new highs on decreasing volumes are not sustainable. Volume will come in to the market to continue the BO or reverse in the opposite direction.

The cases where this is not true are illiquid markets with wide bid/ask spreads, where a bluffer hasn’t completed their campaign or an instrument whose fundamental values are not well known. Spread traders might influence this as well but my understanding of spread trading is limited.

 

[volpri]

It can be.

The only interpretation required is to determine whether price is higher or lower at point A than it was at Point B, even if those points are only ticks apart. If one can't do this in real time, then, yes, he's going to have trouble.

You may want to look at the Trading Price link I posted earlier (post #10). The thread is only 25 posts long.

ROFLMAO OOPS again ROFLMAO......any dipstick can tell that unless they have chicksh?t in their eyes. Wow that is deep..really deep...ROFLMAO...good grief....it probally doesn't mean chickensh?t to you but my respect for your trading was increasing until now...it has all flown the chicken coop now and I am back to zero...you begining to sound like whats his name that gives away those free indicators..actually i believe he might charge now..whats his name? You know him! Is it Tro? I think that is it???

 

[volpri]

It can be.

Oh boy!