I don’t use Volume…I prefer to use SPEED in my day trading
• Speed of the Time & Sales Window
• Speed of the Patterns Developing on your chart (how quickly does the pattern form?)
• Speed of each Pattern Triggering according to rules (when does it trigger?)
• Speed of the Follow-thru after the pattern triggers, filling your profit targets
• Speed of the Continuation of the move, rather than the failure
• Speed of the Exhaustion of the move
• Speed of the Reversal of the move
• And the process starts all over again….
There are lots of times when speed is important, but let’s focus on the big three:
• Speed of Tape
• Speed of Set-up
• Speed of Follow-thru