Day five.
QUESTION 7: – “Is there the most exact indication of a trend reversal?”
ANSWER 7: – “There is neither guarantee nor confidence in the market, but there is only the possibility, as Robert Balan said. We can note just one more important sign, when the main trend has reversal pattern. Suddenly appearance of large orders and volumes, increased volatility of the dominant trend are very often the dimension of catalyst for a sharp reversal in any trend (some simple models, such as: “hammer”, “doji”, “morning star”, “hanging man” in the candlestick analysis)”.
QUESTION 8: – “What is the basic emphasis in the study of the method of volume analysis of the market?”
ANSWER 8: – “The main attention you need to pay to a concept of balance and imbalance in the context of a price, time, speed and volume. Necessarily use statistic data in determining the quantitative value of volumes, wave impulses and their ranges in historical past!”
QUESTION 9: – “On what aspects of the Market Profile the beginner should pay more attention? Maybe you can give us some important recommendations?”
ANSWER 9: – “First of all, your attention should be focused on all important aspects and patterns of verified experience, but most important, for the Peter Steidlmayer’s fans it’s the Price, Mood and Time! We are, like the whole world have a memory and consciousness, for that reason, very often the market focuses on the price, where big trades were in the past or levels of resistance and support, also a price likes to travel near important levels of the major timeframes (year, month, and week). ”
Kind regards, Traders team “Powerful Traders”
