Nice morning :)
Well put callmate! Merry Christmas everyone!
Something that I keep in mind each day is what the previous day's volume/price range was. See the attached table from yesterday. For example,...
Despite the fact that we were in a lateral carry over from yesterday and volume is pathetic, there were two decent tape trades.
Here is my morning. :)
True, not all tapes. I like to focus on the ones in the dominant direction, but sometimes I trade the non-dominant ones. Context is key. Here...
Consider these ideas...
There are a couple of other things that are part of the picture as well, but I didn't annotate them.
Romanus, If you'll pardon my simplistic method of trading the tapes, please see the attached.
I saw 5 major trade legs today (highlighted).
Second trade, Contact!
My big picture earlier today. The LTL is sucking price down like a magnet!
At the moment, that is above my pay grade! :p
Absolutely Not! I definitely use volume. To me, tapes breaks are a fabulous signal to watch for. For example yesterday starting with the...
Some additional comments
Here are some comments how I traded yesterday.
You chart annotation looks thorough, however (maybe it's my eyes), its tough to see in detail. This brings up a suggestion for all of us and that...
Any thoughts on the big picture view for next week?
If all else fails, follow the money (I mean tapes)! :p
I find it helps me to have a big picture view that I can pull up during the day to see where price is going (and where it's been).
Separate names with a comma.