Documente Academic
Documente Profesional
Documente Cultură
Todays Objectives
Define and understand Absorption Volume
Confirming the Breakout Bar
Entering the Breakout Trade
Recognize a False Breakout
Quizeroo
1. Volume = the Supply in the market
2. Up Bars on Ultra Low Volume is the
Climactic Action
3. The Smart Money sells in rising prices
4. A No Demand bar confirms rising prices
5. Support & Resistance should be ignored
Quiz Answers
1. Volume = the Supply in the market
True
Absorption Volume
Uptrend
Wide Spread
Up Bar
Closes on the high
Ultra High Volume
Breaks through an old top to the left
Example 2: ES 5 Minute
Example 3: ES 15 Minute
Entry Points
A No Supply/Test in a Rising Market
(uptrend)
Enter above the high of the No Supply
A Genuine Breakout is tested within 2 bars
A down bar on volume lower than the
previous 2 bars (pink in TG)
Next bar closes up
False Breakouts
False Breakouts Fail on No Demand
they go up on low volume and come
right down
Upthrusts further confirm weakness
2 Bar Reversals or No Result after Effort
kill the momentum and stop the
buying
Special Offer
Happy 10th Birthday
TradeGuider!!!!!
30% off ALL products
and services
Ends Sunday, February 5
at Midnight
How to Reach Me
Direct Line: 312-373-6294
Email: lauren@tradeguider.com
Skype: lauren13sned
Facebook: Lauren Snedeker
Twitter: @LaurenSnedeker