Trading is a process that demands ongoing improvement. My FREE download explains the principles of Kaizen & its potential to bring consistent trading results. I use this approach to guide my coaching and mentoring students in crafting their individual game
An update on the volume book-now available as colour in both paperback & hardcover. Have been able to make all the images hi-res & change the black chart backgrounds to white. Also working on a free PDF download of all the images which will be ready early in New Year.
Huge thanks to everyone for their kind comments about my volume price analysis videos. A bit different today with the focus on the daily chart for Bitcoin to highlight how we can apply this elegant methodology to other markets.
Something very different to end the week, courtesy of my husband David, who does like his fast charts. Also, it's a great way to see vpa signals develop very quickly. Have a great weekend.
SPY climbing that 'wall of worry' as it inches towards 5000. Vol speaks for itself. All we have to remember is markets can go up on low vol - but it's a big red flag!
Some
#vpa
insights on a tricky 5min Alphabet chart from today's session. Using vpa to help signal pause points & reversals & why some trends fail to develop as strongly as we might expect.
Retail has poured almost $7bn into stocks this past week - the highest since March 2022 when SPY reached a high of $462 - look at the weekly chart to see what happened next.
Huge thanks for your kind words about my work & letting me know how well you are doing. Humbled & thrilled so many using
#vpa
Wishing you all a wonderful holiday & best wishes for a very Happy & Prosperous 2023. May it be filled with good health & even more success.
UPDATE: We estimate that Roaring Kitty now has a net worth $585M.
We estimate that he has made $325M in unrealized gains over the last two days.
He's almost twice as rich as anyone in Congress.
@itsmichaelluu
@Rayner_Teo
✅
#5
This book is NOT free but its a MUST READ and a MUST HAVE to own by
@annacoull
.
Remember, VOLUME must precede PRICE in trading so this book will help you navigate the moves and secret moves of the market.
Thank you for recommending my book & supporting my work. Hope you are having a wonderful time with your loved ones & wish you continued success & good fortune.
Merry Christmas to all 🎄🖤
Before I take Fintwit break, wanted to promote 3 incredible traders’ work 📚
These books are what I recommend for Edu!!
Found at links in Authors bios:
@annacoull
@1charts6
@traderstewie
Thank you for sharing. Markets do go up on low vol, but this is exceptional. QQQ the same. Both looking to test ATH. Also tech worst performing sector today. Compare DIA - nice move on good vol. IWM decent vol into resistance. Will post up charts to illustrate.
Tesla up over 5% today. Earnings still a month away but is the weekly chart signaling a slowdown? Wyckoff's third law of effort & result suggests this is the case. We shall see.
This means so much to me knowing that many more traders and investors are using volume and price analysis, and it is an honour to have such an impact. I hope you have a lively and engaging discussion and I wish you and your group all the best for the future.
Book
#15
of the Golden Hour Book Club will be:
A Complete Guide to Volume Price Analysis by
@annacoull
This will be a fantastic book for us to read together and then discuss with
@christinebarnum
We will start on 5/15
Link to the book and the Book Club Space is below:
Thank you. I'm delighted so many traders have taken up the concepts of volume price analysis. It's very humbling and something I never expected when I wrote the book 10 years ago.
Lots of comments about the IWM today & it's sensitivity to interest rates. Big inflows last week, but as we can see on the weekly, it's attempting to break through the $200 level. This is the fourth attempt & according to Gann Rule of 4 - it's make or break time.
There are very few trading books I enjoy however I am thoroughly enjoying
@annacoull
Volume Price Analysis. Would love an audio version.
I Will have to get the physical copy also!
Weekly chart for the ES with the price action back at the volume point of control as earnings season gets underway. I wanted a calendar just for the S&P & will post link to one I found recently.
It was an absolute pleasure presenting to your group. Helping traders succeed is something I'm incredibly passionate about. I hope it has inspired you all to continue to learn and grow in your trading journeys. Wishing you and your group continued success and good fortune in the
Still buzzing about this experience with
@annacoull
!!!
She spoke to our private trading group last night for 3 hours giving out GOLD!
We learned about her best setups, trading background, and trading psychology. So thankful for your time, thank you! ❤️
$SPY $QQQ $META
A video of the early price action in the NQ highlighting the break lower following the CB Consumer Confidence release which I hope you managed to catch along with the dramatic reversal later back to test 20,200.Apologies for the typo - lower range should read 20100.
It is official.
Nancy Pelosi’s $NVDA, Nvidia calls have made over 100%, clicking at 103% currently.
She has made now over $2,000,000 from her position in 103 days.
She has made nearly TEN TIMES her salary in 103 days.
Incredible.
It's been an eventful summer & September has undoubtedly started with a bang, with the indices falling sharply, but so far, there's not been any follow-through, as we can see from the daily chart for the NQ. Instead, price action has been constrained with yesterday's & today's
Interesting ahead of this week's CPI, SPY has a 'potential' double top on both weekly & daily charts. Despite poor vol can go higher. $520 is the level to watch & can flip to strong support.
Ahead of next week's avalanche of earnings (765 in total) we have some interesting setups on the weekly charts for SPY, QQQ & DIA so please trade what you see & not what you hear!
SPY & QQQ determined to re-test their all-time highs. QQQ has an easier path, while SPY has some stiff resistance between $450-$455 and keep a close eye on volume.
Thank you so much for your very kind words which are much appreciated. Hope you and your fellow traders have had another successful trading day. Wishing you all a great weekend & Memorial Day Holiday.
Got a bunch of DM’s asking about UTAD’s /Wyckoff/distribution/etc and how I identified today’s move on $SPY
One of the single best books on trading you can read IMO is from
@annacoull
🐐
If you’re going to invest in the market then you better well invest in yourself & your
Thank you Colin for posting this as it's such a great example of how you can integrate vpa with other elements of technical analysis which vpa then helps to validate.
You ever want a beautiful study in volume price analysis that matches up with your patterns.... just look at this $IWM daily chart.
Thank you
@annacoull
Thank you for sharing & very well spotted - you also have falling volume on rising prices which confirms your analysis that this is simply a pullback. Hope you've had a great start to the new trading month.
The videos will be back tomorrow. Meanwhile, here is the daily chart for the NDX, where the 11th July bearish engulfing candle continues to play out as relief rallies run into strong resistance.
There are 5 elements to vpa - price, volume, S&R, candles & time - part multiple t/fs. SPY across 4 charts as it continues to squeeze higher. Watch today's vol.
DJI - follow through on the bearish engulfing given a helping hand by MSFT & we have a shooting star on the weekly. $40k is downside level to watch where we do have some good support. Videos are back next week once I'm in Italy - MSFT permitting! Have a great weekend.
Thank you for your very kind words. I truly appreciate your recommendation of my book and it means a lot to see another trader embracing volume price analysis. I sincerely wish you every success and good fortune in your trading endeavors.
This book is fantastic. Really opens up a whole new way to view trading and understanding how big of a deal volume actually is. After reading just a few chapters I was completely hooked. Well done
@annacoull
👏🏼👏🏼
Looks to have played out quite dramatically helped along by worrying 30 yr bond auction & JPow. Ideally would like to have seen more vol. The rally up to the hanging man looks like it was running out of steam & hitting resistance. Hope you took advantage.
Followers of Volume Price Analysis (VPA) taught by
@annacoull
may notice that todays $SPY daily is currently putting in a Hanging Man candle at the neckline of this potential inverse head and shoulders / strong resistance zone.
This could potentially signal a top of this current
A bit of a turnaround today across the major indices on above-average volume but need to see how the candle closes. So far all have decent size lower wicks which is positive. What's also interesting is the lack of whipsaw in the current downtrend, which of course may change.
A lot of anomalies last Friday. Will post up some charts later. Keep a watch on VIX & VVIX/VIX ratio & remember markets can stay complacent/o/b a lot longer than we can stay solvent.
Today's earnings take Tesla's price down to the key support at $195 (Oct 23 low) (see last week's chart), which must hold. On the plus side, the hourly chart has a candle with a deep lower wick & decent vol.
According to
@annacoull
, that volume bar is an anomaly—lots of effort with practically no price movement.
She also says that if it happens in an accumulation zone, the big players or MM are accumulating, which is the phase before expansion.
She probably won’t read this post,
Thank you
@RaySchrijvers
for highlighting the stopping vol on both SPY & QQQ & hope you all profited handsomely. Today's move triggered by bond auction but not totally unexpected given the daily chart for SPY. As we say in fx - it's levels & flow!
15 min chart for SPY as example of how we've gone from buy the dip to sell the rallies on key s&r levels. On the daily, if we break $432, SPY enters a low vol node for a fast move to $417 - the starting point for the May rally.
End of the week heatmap, and my suggestion is whatever you trade, check out the weekly charts for any anomaly - eg Wyckoff's third law of effort & result. Have a great weekend.
@colin_gladman
This a great question with no short answer so, if it's ok, I will do a long post or perhaps a video & upload it later. Meantime, have a great 4th of July.