[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

Search:


View post   

>> No.17560663 [View]
File: 100 KB, 1034x803, weis-chart-1.jpg [View same] [iqdb] [saucenao] [google]
17560663

>>17560478
No, I don't watch them anymore it's all gone in the memoryhole. If you want to learn about volume watch her, watch Wyckoff theory videos. But they are pretty autistic a lot of the time. Avoid the order-book volume spread rabbit hole until you understand the basics because that can really fuck you up. Bookmap - similar.
There are thousands of ways to skin the cat, you have to find something that makes sense to you.
A book that makes sense is Trend Qualification & Trading by L.A Little. Don't buy it look it for online and get the main idea. Basically - high volume areas make swing points real.

One thing you can look at easily is: volume spikes are often stopping volume. The price is about to reverse. Again, you need to watch and learn because sometimes it isn't and you get fucked again. good luck.

>> No.2649566 [View]
File: 88 KB, 1034x803, weis-chart-1.jpg [View same] [iqdb] [saucenao] [google]
2649566

>>2649473
It gets you in late, the market reverses. You believe the memeD instead of the price.
Or you're constantly looking for reversals because it's crossing over, but the trend is still one way.
It can go flat for a long time, and you start squinting at it, thinking it's giving a signal, you enter, it isn't giving a signal.
If you want to use it, watch the market on short time frames, see if it helps you. Maybe it will, but it fucked me up for months trading forex. Try RSI, google RSI divergences. if the market is pure waves, you can often get a divergence at a turning point, but you need a price confirmation.
the best advice is take as much off as possible and focus on the price.
100, 200, and 34 MA's will help you more than lower meme indicators, I guarantee it.

Navigation
View posts[+24][+48][+96]