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| Discuss Implication Of Volume In Day Trading at the General Trading & Investing Chat within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Debashis Please do draw resiatance and support lines. In most cases you will find that ... |
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#91
31st July 2008, 01:40 AM
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Re: Implication Of Volume In Day Trading
Debashis
Please do draw resiatance and support lines. In most cases you will find that high volume wide range bars are to cross resistance areas. These are called push through volumes.. regards 
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#93
1st August 2008, 01:55 AM
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Re: Implication Of Volume In Day Trading
 ]TCS 60 mins - Is this an Upthurst Bar,my Stop(double Qty) for sell would be above Lakshman Rekha.
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| The Following User Says Thank You to uasish For This Useful Post: | ||
deb99891 (1st August 2008) | ||
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#94
2nd August 2008, 12:38 PM
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Re: Implication Of Volume In Day Trading
Hey grandpa !
This is for you ! As earlier discussed in thread, the big volume appearing with no price movement. when this happens in intraday market this is called a squeeze, which means that one side is trapped (bulls or bears) by the other. it is difficult for learners like us to easily understand which side is trapped when it needs to be understood  But, there is one behavior common after it happens,price knows its direction after it. for eg: if we see a squeeze at exact 10 rs, and the price moves up to 11, this means that bears are trapped, we will see that the price may move to even 15 on the upside but it will not come down to even 9 on the downside ( mostly ofcourse ). that is because, if the price comes down to 9, bears will start covering there positions at there price, and the eagerness of bears to cover the positions first will not let the price come down In this chart of orchid we can see a squeeze (A). The blue line is marked just below the squeeze price and its not violated throughout the session.  On the same day cairn. (A) and (B) are squeeze and the bulls are trapped. In this chart i personally think that the perfect bullish candles no (7) and (9) were reason for the squeeze. the price never went above blue lines. 
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