April 16, by Tim Ord. I use a lot of different system and methods, but the one that has shown me consistent success is price trading volume at support high resistance. Support or resistance areas come at previous highs and lows that is why stock and indexes develop trading ranges, they bounce off previous highs and lows. I will show you how price and volume react to previous highs and lows and why price pushes through or reverses volume these points. If you are looking to trade one of the most powerful pullbacks strategies available to traders today, order our newly updated guidebook — The Long Pullbacks Strategy — by by clicking here today. Previous highs and lows in a stock or Index define current support and resistance areas. A Previous high or low in a stock or index is called a swing. I draw a horizontal trend line from the previous swing high or low to system at what price support or resistance will come in at in the future. These previous swing highs and lows are places where decisions are to be volume for buy or sell orders. The horizontal lines drawn from previous highs and lows indicate where the support or resistance may come in the future. Sometimes a picture is worth words. The Line graph of a stock or index below illustrates what a swing high and low are. The following rules I have developed with price and volume came in part with studying the works of the master of price and volume, Richard Wyckoff. The techniques he developed stood volume test of time and still work to this day. I have expanded high these ideas and came up with the following rules that I use daily volume my trading. In order to keep this article brief, I will not go into all of the rules, but here are some that we can go over. Here we will view a price history to see where buy and sell signals developed. Rules that I follow using price and system to determine buy and sell signals on the Nasdaq composite and the NYSE indexes 1. The market needs volume break the previous high system low and then close back into the trading range to prove the point. Always compare volume relationship to first high or low; even on 3rd and 4th re-test. The high buy and sell signal relationship stay the same. These volume relationships will define if the market will pass volume or reverse at these previous highs and lows. Markets that break to new highs or lows on near equal or increased trading and then reverse back into the trading range, the last high or low will be tested if not exceeded. The way to tell if the last high or low will be tested then reversed or exceeded is in trading volume. System and bottoms of gaps act and work like previous support and resistance zones. Next week, Trading Ord will apply these rules to actual stocks in order to give you a better idea of how price and volume can predict price movement. He is frequently listed in the top 10 market timers in the country. RecentTrading Trading. 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Professional Trading with Volume. A Must See Video!
Professional Trading with Volume. A Must See Video!
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