DOW - ES Charts 14/10 - 18/10


Well-known member

I'll start at the very beginning, " a very good place to start" etc courtesy of Julie Andrews:)

You cannot see it but on my chart there is a red triangle (hidden on chart behind DSTOC marker. showing a volume spike. at around 14:45. This confirmed the bottom at 865 and the BUY signal (bit messy at bottom: buy/sell/buy signals.

As you can see the cumulative 9 period volume is high at this time (start of day) and the rise is on high volume.. and peaks at 886.. the HOD at around 16:20.. and then we had a sell signal and prices fell and it's US lunch and volumes just fal off..
At 17.30 we have a db and a little volume spike.. usual messing around.. buy/sell/buy/sell/buy signals.
Then volume picks up into the US afternoon.. and we have a rise on increasing volume from 876 to 883.. and a volume spike as it sold off. and a sell signal. and ditto.
Volume spikes are usually confirmation of a market turn .. and increasing volume near the end of a long up or down move suggests either longs or shorts closing..

I use volume as a confirmation signal of trend changes or continuations..
AdBlock Detected

We get it, advertisements are annoying!

But it's thanks to our sponsors that access to Trade2Win remains free for all. By viewing our ads you help us pay our bills, so please support the site and disable your AdBlocker.

I've Disabled AdBlock    No Thanks