TradersVenue Profile picture
Sr. Technical Architect | Algo/System Trader | Investor | Technical Analyst | Strategist | Option Writer | Views are personal; not RECO
Dec 26, 2020 9 tweets 6 min read
99% of traders spend their 99% of time in searching for a holy grail which can turn their investment into multifold. Question: does there any holy grail exist? Probably no. But you can "Trading In the Shadow of the Smart Money" by doing some volume spread analysis. (1/n) We need to understand the importance of price action and volume. Any candle which has a wider spread say 1 ATR or 3% above means there was lot of demand and supply was less. That's why stock had gone up. To confirm check volume should be more than 25 day average.