First video and probably could be better...

This is a quick how I measure the strength of volume to get price moving up then look for dips to get back in to the upside. These are not the best dip set ups but they are what I traded today. $VBLT had a much better day as far as dips and volume but I was focused elsewhere and the clicks went elsewhere. On $VBLT there were multiple entries to get in on but my schedule is ruled by other things.

If Wednesday lets me, I'll try to make a live video to upload later.

Anyway my basic entry rules are:

I’m still with TOS so I have to have a buy only bias. When I can fine tune my buying entries then and only then will I move over to IB for more short opportunities and apply the same rules per short entries; large red selling volume bars and support breaks.

 

1.      Find a stock that is moving up – chat room or your own scan.

2.      What amount of volume (the height of the green volume buying bar) got the stock ‘moving’ up – plot the horizontal line at the top of that volume bar across the volume indicator window – this is your buying strength level.

3.      Use whatever tools or analysis to tell you that price is or wants to continue to move up.

4.      Wait for a pullback and draw a resistance line across the tops of the price bars where price pulled back from.

5.      Start to watch L2 for the Bids to stack up and the Asks getting taken out while watching the T&S also.

6.       You have to learn to recognize the buying strength in L2 and T&S. Depending on the length or amount of the pullback you are either trying to 1) buy and take profit when price returns to the resistance line you drew or 2) buy and take profit at the breakout and ride it up.

 

Peace...