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Jillion
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Everything posted by Jillion
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Interesting reading regarding the Tradeguider and Todd Krueger court case. PlainSite :: Flashlight :: Case No. 1:07-cv-06261: Krueger v. Tradeguider Systems, LLC et al, Virginia M. Kendall presiding http://www.chicagoiplitigation.com/TradeGuider%20Op.pdf
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Hi Tasuki, thanks for the detailed post that is very kind of you and very helpful. You said exactly what is was thinking, when you said I have got it backwards and for that I am glad and also relieved as this now makes perfect sense, thank you. You are also the second person to recommend Tim's work and the MarketGeometry site and thanks for supplying the link I will check it out now. I've learn't a positive lesson in that I need to be careful of the source of the information, not to blame others for incorrect information published but to be responsible myself for seeking the correct information in the first instance. I must try harder. Many thanks Tasuki for your helpful response.
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I do doubt the information I have stated in the post, as it doesn't make sense to me hence the question. It is of obvious importance that one obtains the correct fundamentals. I would love to learn Wyckoff and also to fully understand Volume, in fact I will begin today!
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Hi Guys please able to confirm my understanding of the accumulation phase: 'If we see accumulation during a long term range, we should see shrinking volume near support levels and an expanding volume near resistance.' Am I right in the thinking that 'Smart money' is buying into the downmoves off of resistance and this represents the expanding volume near the range top, and also would it be correct to say that the low volume at the support levels is absorption. ie. the buyers are absorbing the selling and hence the low volume?
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Hi Guys :missy: Currently studying volume analysis and wondered please would an experienced trader be able to confirm please my understanding of the accumulation phase: 'If we see accumulation during a long term range, we should see shrinking volume near support levels and an expanding volume near resistance.' Am I right in the thinking that 'Smart money' is buying into the downmoves off of resistance and this represents the expanding volume near the range top, and also would it be correct to say that the low volume at the support levels is absorption. ie. the buyers are absorbing the selling and hence the low volume? Thanks in advance for any help, it can be a bit confusing at first starting out with volume analysis!
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Hi Guys I've currently studying volume analysis and wondered please would an experienced trader be able to confirm please my understanding of the accumulation phase: 'If we see accumulation during a long term range, we should see shrinking volume near support levels and an expanding volume near resistance.' Am I right in the thinking that 'Smart money' is buying into the downmoves off of resistance and this represents the expanding volume near the range top, and also would it be correct to say that the low volume at the support levels is absorption. ie. the buyers are absorbing the selling and hence the low volume? Thanks in advance for any help, it can be a bit confusing at first starting out with volume analysis!