Volumes and analytics thread

Discussion in 'Strategy Building' started by Alex_S, Oct 20, 2009.

  1. Alex_S

    Alex_S

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

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    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.

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    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.
     
    #21     Nov 26, 2009
  2. Alex_S

    Alex_S

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    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).

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    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
     
    #22     Nov 26, 2009
  3. Alex_S

    Alex_S

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    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.

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    #23     Nov 26, 2009
  4. You mean you are going to post your book on this thread, or you are going to offer it for sale?
     
    #24     Nov 26, 2009