Volume & Price Analysis
Price-volume relationship: If price action is king, then volume is the queen!
Dear Traders,
We are truly living in one of the most chaotic times in history. While investors are facing growing uncertainty and feel the need to reduce risk, day traders are experiencing the best market conditions since the pandemic.
Look at QQQ today. The premarket gap-down price action caused by elevated US-China tariff tension gave day traders a beautiful Opening Range Breakout Short Setup.
In the BBT chatroom, many traders who got the ORB setup from me took the 1-Min & 5-Min ORB setup on NVDA and TQQQ at the open. Some of them traded so much better than I did today using put options on NVDA.
If you still don’t know how the Opening Range Breakout strategy works, watch this free live trade tutorial to get started. And then come to trade live with us every morning in the Bear Bull Traders community.
The reason why I said this market is for day traders is because it really rewards all kinds of strategies, as long as you have a strategy that comes with a clear set of entry and exit criteria.
After the initial sell-off, the market gives us multiple high risk-reward Reversal Long setups. From all of our members’ trades today, I think the best long setup of the day is GOOG. GOOG was a very clean 5-Minute ORB + VWAP Breakout trade.
Some traders who are long-biased like myself, also took the “Fallen Angel Reversal Long Setup” on QQQ. Fallen Angel is one of the trade books taught in our community, specifically for traders who like to buy the dip.
The key to trading successfully in this market is knowing how to read what the price and volume are telling us. We should trade what the price action gives us. Don’t be stuck to our bias, because if we do, the initial tariff panic sell-off at the market open would have caused many traders to get squeezed in their shorts, and miss out on many A+ high quality long setups.
One of the best traders in Bear Bull Traders, Thor, is hosting a VPA masterclass today at 8 PM EST. Volume and price analysis will help many developing traders to improve the way they read a chart, directly improving entry, exit and sizing decisions.
Right now we are having a Fall Season’s Special 50% OFF for our Elite Membership. This deal makes it $3 a day for you to get full access to Bear Bull Traders chatroom, live trading with me, and attend all of our exclusive webinar masterclasses and strategy tutorials.
🔓 Get BBT Elite Access at $3/day & attend all exclusive webinar masterclasses
Stay focused, be prepared for what the market gives us.
See you in the chatroom tomorrow morning,
Andrew
