Having the volume on the price makes for an interesting read. Analysis: A correction is normally on low volume and the sideways price action between 10.50 and 11.00 is a correction in a down trend great for CFD trading, however its not on low volume as corrections are, so it has to be buying volume, we can also see this in the normal volume bars. When the price has moved above the large volume spikes in from the side of the page then you know that that volume and price has become the support for long trades.
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Pete, I don’t know how you’re doing it but your ability to pick the fall of last night/this morning is impressive. Just wanted to say keep up the good work and looking forward to the latest ASX200 video! Cheers, Daniel B. VIC
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Hi Peter, I have been a TradingLounge Member for only a short time, but I would like to say that I am very happy with what you are doing. A couple of Forex trades that I've done in the past few weeks have put me nicely in front. Thank you. Alan C. QLD
Hi Pete, I HAVE CHANGED from a person with very little experience or knowledge of the stock market a few months ago to pretty much being taught the essence of the market by a market guru (you). I call you Grand Master Pete. Lee M. WA
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