I really dove into volume analysis this weekend and started drawing magnets on all of my charts. WOW is all I can say. Talk about opening your eyes to market movement and projected movement. I wish I had been doing this all along. It only takes a few minutes to do per chart, and you can just attach all the magnets to charts of the same symbol, so you don’t have to do it for every single chart.
If you haven’t ever put magnets on your charts, you absolutely SHOULD. This should be a fundamental must. It will take your trading and understanding to a whole new level. They let you know where the trend is projected to move to, hover and chop at, when you should get out of a trade, because you hit a magnet, take profit, stop trigger, etc. It’s like a map of the market. It’s worth the 30 minutes to learn and master. It doesn’t take much time at all.