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10/06/21 10:53
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The inclusion of trading volume as a standard indicator in charting software for the past three decades is not without reason—it offers a vital advantage. Volume analysis grants traders valuable insights into the actions of market participants at different price levels. By focusing on volume, traders can react more effectively to price movements rather than attempting to predict the future direction of prices, as is often the case with many other technical indicators. 📍Key points about volume Here are the key points regarding the volume indicator commonly plotted on the X-axis in trading: 🔹Volume Indicator: The volume indicator calculates the total number of shares or contracts traded during a specified time period. It is usually displayed as a histogram or line chart, with time represented on the X-axis. 🔹Liquidity: Volume is a critical metric as it provides insights into the liquidity of a security. Higher volume generally indicates greater market participation and liquidity, making it easier to buy or sell the asset without significantly impacting its price. 🔹Confirmation: Volume can validate the authenticity of price movements. In an uptrend, increasing volume supports the bullish move, indicating strength and conviction among buyers. Conversely, declining volume during an uptrend may signal weakness or lack of interest. The same principles apply to downtrends. 🔹Breakouts and Reversals: Volume analysis is often employed to identify breakouts and potential trend reversals. A significant increase in volume during a breakout suggests a higher probability of a sustained move, while decreasing volume near a support or resistance level might indicate a potential reversal. 🔹Divergence: Volume can unveil discrepancies between price and market sentiment. For instance, if prices are rising while volume is decreasing, it could suggest that the rally is losing momentum and a reversal may be imminent. Similarly, increasing volume during a price decline might indicate selling pressure and the potential for further downside. 🔹Confirmation of Patterns: Volume can serve to confirm or invalidate chart patterns such as triangles, head and shoulders, or double tops/bottoms. Higher volume during pattern formations enhances their reliability, while low volume can cast doubt on the significance of the pattern. 🔹Watch for High Volume: Unusual spikes in volume can indicate significant market events, such as earnings releases, news announcements, or institutional buying/selling. Abnormal volume levels can lead to increased volatility and potentially present trading opportunities. 🔹Relative Volume: Comparing current volume to historical average volume helps assess the significance of current trading activity. Higher volume relative to the average may imply increased interest, while lower volume might suggest a lack of conviction or reduced market participation. -
By AntonioMontana337 · Posted
I don't know but it looks like a really awesome service Because I have come across all sorts of mixers in my work -
Charting the Markets: 2 June Indices rally as US agrees debt ceiling bill. EUR/USD, GBP/USD rally while EUR/GBP stabilises as US debt ceiling bill is passed. And WTI recoups recent losses while gold, silver on track for first weekly advance. Axel Rudolph FSTA | Senior Financial Analyst, London | Publication date: Friday 02 June 2023 This is here for you to catch up but if you have any ideas on markets or events you want us to relay to the TV team we’re more than happy to.
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Question
Potterwasp
Please tell me im not doing something daft!
I cannot move stops. I have searched the forums and have seen a few others who are or have experienced the same. Moderators have suggested the change is too close in steps or that there is good/bad news imminent or that price changes are to volatile at the time of trying to change the stops.
Im not convinced.
In my demo account i have 11 positions open, a few shorts but mostly longs. Stops are "Normal". Markets are FTSE350 and one Nasdaq.
I have tried moving the stops tighter and broader. I have tried incremental changes in the Positions page. I have tried opening the stock page and dragging the Stop slider. I have tried tapping in a new stop in the Positions page. I have tried all my open positions both tighter and broader. I have tried adjustments while markets are open and on the closed market Nasdaq position.
I can see on some open trades where i move the Stop slider a gray band below the current price. I guess this represents the spread and/or 2% limit and when changing stops previously, this is the limit i could change the Stop to.
When trying on a stock open page I too get the popup confirming amendment but it never actually changes. It doesn't matter if I click the screen, click away or just close the tab. When I check next the stop has not budged an inch.
I have changed stops many times before but today none of my open trades can be stop amended.
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