Intraday Price and Volume on bull and bear moves Some of my setups, mainly shorting, donât seem to have the same clarity if I flip it for a long trade. i.e. the price and volume relationships donât seem to be a âmirror imageâ â for a short vs long trade I cant recall where I read it but I did read something on this once. If someone could clarify the what and the why, of the psychology of bullish and bearish moves and how people chase or stop out that cause them to be different in some ways Do traders also have setups that work more favorably in one direction? Please keep this thread hershy free
I vaguely recall something like â On up move traders are more likely to join the bid â hoping for a better fill On a down move traders are more likely to use a market order to enter This is just a rough generalization, thoughts?
I encourage you to look closer. Using a Neutral bias, 'Up' is the same as 'Down' in terms of how the Price / Volume Relationship operates. The whole deal tracks market sentiment. - Spydertrader