Ultra high volume moves are very profitable
Big volume breakout or breakdowns can allow you to put larger position size and as a result make more money.
Big volume like you see in ROKU above where it has had several 20 million plus breakouts or breakdowns shows footprints of larger players and offers you high conviction trades.
I scan for 9 million plus volume breakouts. Often such breakouts happen at beginning of major moves.
If you are serious about making money trading add this setup to your toolbox.
7 comments:
Great post Pradeep, thanks.
i TRIED TO COPY FORMULA BIG VOLUME BREAKOUTS BY HAND AND IT CAME UP ERROR.cAN YOU PRINT FORMULA TO COPY AND PASTE.tHANKS sAM AT SHM762@RCN.COM
maxv65>=8900000 and avgc7/avgc65>=1.04 and minv3.1>=100000 and c>=5
Sir, what’s the meaning of maxv65 & minv3.1.
I don’t have TC2000 software. Trying to setup in another software. Appreciate your help.
Maxv65 is max volume in 65 days. Minv3.1 is minimum volume in last 3 days calculates as of 1 day ago
i just want to say thank you Pradeep learning lot of from your youtube channel and this free blog
what would be comparable number to 9 million in the indian markets? is there a way to work that out ?
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