Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
May I ask if you are watching price and volumre then why are you using minute bars? I use range bars and am finding that price and volume are best related there. Please share your thoughts.
Can you help answer these questions from other members on NexusFi?
I use a range chart for breakouts (with indicators). and I use a 5 min chart for reversals. (looking for a big move with high volume and either an inside, outside or reversal bar).
but there's nothing wrong using range bars with volume. whatever works best for you.
Yeah that was amazing.
I was sitting at the PC and the indicator I have measuring that kind of stuff went crazy.
I thought another 9/11 even happened or something similar.
The only problem was it was on the wrong side to tank the market if it were a terrorist attack.
I wonder if the PPT was trying to move the market higher even if it didn't want to go.
Rejoice in the Thunderstorms of Life . . .
Knowing it's not about Clouds or Wind. . .
But Learning to Dance in the Rain ! ! !
In my experience, the more bars in a move the easier it is to measure volume until a certain limit of course, if there are too many bars then it won't be good. So too many or too few and it's hard to analyze volume.
I can see volume better with minute/tick bars than range, and better with range than renko.
For me it's important to see how a bar closed to see if the volume was buying or selling. Since range bars always close on the high or low, it's hard to see that relationship.
if you look at the 10:30 bar, it shot up on the inventory report but on weak volume and closed way off the high. That is a reversal bar and you could see that price was more likely to go down. I didn't trade this cause I'm not ready to trade news yet but it seems rather obvious on this one. Previous inventory days aren't so obvious btw..
Also I analyze the momentum of volume and for that the more bars the better.
PPT learned their lesson which is you can't move the market during the day time, however this is a show of force designing to shock and awe you to toe the line. They are telling you "Do you feel lucky, punk? Go ahead, make my day" ·
If all the rumors about the PPT are true, that they supported the markets at the lows, they must have made a fortune. Buying below 1000 and selling above 1100. Would be fun to be a PPT trader.
