Markets have been on a slide since last Friday’s OPEX. Yesterday’s close did offer a glimmer of hope, with the day’s candle on the SPY, QQQ and their respective futures closing with a lower wick on good volume. This translated into a bounce at the Wall Street Open and did provide some trading opportunities, one of which was in Microsoft. The video is from the 1 min chart and is also an example of how VPA takes away the fear of missing out – in this case chasing the price lower and then helps to hold a long position.
By Anna Coulling
David and I have a few spots in our coaching program for you. Our mission is to provide you with a profound understanding of chart analysis through volume price analysis and tackle any obstacles holding you back from realizing your potential and ambitions as a trader. Details about the Program can be found here: https://bit.ly/3ULTPlT
I’ve been studying day trading for about a year now and finally came across your book on VPA. It’s like a cloud has been lifted. Thank you for explaining these concepts in a clear, concise way. I feel I can begin to try the markets again
Hi Ed – that’s great to hear and wishing you every success – thanks Anna