RE: Beginners Questions
(2018-03-19, 01:16 PM)badcharts Wrote: Hi,
I'm seeking guidance for volume on break downs.
Stan says fear is the volume. But I seem to often see good volume on weekly breakdown candles. I like this as I can apply the triple confirmation on stage 4 start.
What are your thoughts?
Regards,
Patrick
I may be wrong, but I remember in the past Stan saying that volume on the Stage 4A breakdowns was a less important consideration than on the Stage 2A breakouts, and initial breakdowns are often shorter and sharper than breakouts. However, volume is one of the critical components of the method, so it always helps to see an appropriate increase.
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.