The Price / Volume Relationship - Page 138 - Traders Laboratory Forums

rs5 · 12-10-2009, 12:44 AM

Thursday 9 December 2009

rs5 · 12-10-2009, 06:37 PM

Another Thursday

10 December 2009

ehorn · 12-10-2009, 07:32 PM

My view of the day...

cnms2 · 12-10-2009, 11:54 PM

Quote:

Originally Posted by rs5 »

Another Thursday

10 December 2009

If you draw that long narrow lateral, you could see the green retrace. A suggestion: increase the volume pane resolution to better distinguish volume behaviour. The way you have it now seems to show that you use the volume pane mostly to log your conclusions drawn from the price pane, or at most to look at the very large volume swings.

rs5 · 12-13-2009, 11:05 PM

drill Friday 11 December 2009

rs5 · 12-15-2009, 12:44 AM

Monday 14 December 2009

Rohok · 12-15-2009, 02:06 PM

Here is something I noticed within myself that I had to shift my point of view on this method:

I was focusing on drawing 100% correct tapes. While the goal is to eventually be able to identify tapes correctly, I think the first objective should be to identify either transverses or channels depending on your style of trading.

You may get 1 or 2 or even 3 tapes drawn incorrectly but that can offset if you have a somewhat correct transverse.

Also, this method should not be substitute for proper money management.

TIKITRADER · 12-15-2009, 05:01 PM

Quote:

Originally Posted by Rohok »

You may get 1 or 2 or even 3 tapes drawn incorrectly but that can offset if you have a somewhat correct transverse.

I can say positively if you have incorrect tapes you have incorrect traverses. I will tell you it is more than likely you will not get a correct traverse if you cannot build up from the foundation. You can't have a finished home before you have the lumber delivered and framing begin.
Look at posts spanning years and years of banged heads on walls over this.
Go to the first few pages and really try to absorb them. Build the correct tapes, then build the correct traverse. There is not a short cut that exists to this method.
Just a long journey.( long painful journey of endless head banging

. . . lol )

Enjoy the journey

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The Following 4 Users Say Thank You to rs5 For This Useful Post:
Gregor_S (12-10-2009), sscott (12-10-2009), Tams (12-10-2009), TIKITRADER (12-13-2009)

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