Price decreases + Volume increases = Bears have strength
Price increases + volume decreases = Bulls don't have strength, won't sustain higher levels
Price decreases + volume decreases = Bears don't have strength.
Insiders and operators can hide everything from you except VOLUME,
Yes, Volume is the most useful indicator in Price Action Trading.
A thread🧵 on Volume Analysis and Interpretation -
Price decreases + Volume increases = Bears have strength
Price increases + volume decreases = Bulls don't have strength, won't sustain higher levels
Price decreases + volume decreases = Bears don't have strength.
1. Big breakouts start with big VOLUME always.
The Higher the volume + Higher the range = the bigger will be the move.
And when it gives the decisive breakouts, The Volume is stronger than the whole consolidation..
See the attached chart.
See the volume when the stock was declining and going in a downtrend from the uptrend in the pic below.
Remember, If you do swing trading, Start with a weekly chart, then analyze the day chart and then 30 Minutes as well..
Now a task for you all,
Go and Find 3 Stocks Breaking out with strong volume, comment their name below,and we will see the result next week.
@Trading0secrets
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I just finished Eric Adler's The Battle of the Classics, and wanted to say something about Joel Christiansen's review linked below. I am not sure what motivates the review (I speculate a bit below), but it gives a very misleading impression of the book. 1/x
The meat of the criticism is that the history Adler gives is insufficiently critical. Adler describes a few figures who had a great influence on how the modern US university was formed. It's certainly critical: it focuses on the social Darwinism of these figures. 2/x
Other insinuations and suggestions in the review seem wildly off the mark, distorted, or inappropriate-- for example, that the book is clickbaity (it is scholarly) or conservative (hardly) or connected to the events at the Capitol (give me a break). 3/x
The core question: in what sense is classics inherently racist? Classics is old. On Adler's account, it begins in ancient Rome and is revived in the Renaissance. Slavery (Christiansen's primary concern) is also very old. Let's say classics is an education for slaveowners. 4/x
It's worth remembering that literacy itself is elite throughout most of this history. Literacy is, then, also the education of slaveowners. We can honor oral and musical traditions without denying that literacy is, generally, good. 5/x
As someone\u2019s who\u2019s read the book, this review strikes me as tremendously unfair. It mostly faults Adler for not writing the book the reviewer wishes he had! https://t.co/pqpt5Ziivj
— Teresa M. Bejan (@tmbejan) January 12, 2021
The meat of the criticism is that the history Adler gives is insufficiently critical. Adler describes a few figures who had a great influence on how the modern US university was formed. It's certainly critical: it focuses on the social Darwinism of these figures. 2/x
Other insinuations and suggestions in the review seem wildly off the mark, distorted, or inappropriate-- for example, that the book is clickbaity (it is scholarly) or conservative (hardly) or connected to the events at the Capitol (give me a break). 3/x
The core question: in what sense is classics inherently racist? Classics is old. On Adler's account, it begins in ancient Rome and is revived in the Renaissance. Slavery (Christiansen's primary concern) is also very old. Let's say classics is an education for slaveowners. 4/x
It's worth remembering that literacy itself is elite throughout most of this history. Literacy is, then, also the education of slaveowners. We can honor oral and musical traditions without denying that literacy is, generally, good. 5/x
