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Day Trading Tips - How To Read Volume on Intraday Charts

718 ratings | 37529 views
Today's day trading tips demonstrate how reading volume on an intraday chart is different than on a daily charts. Day trading tips like this are important distinctions that many traders overlook. One of the best day trading strategies is to use "Mid-Pivots." Not many traders use them as one of their day trading strategies, therefore they're "invisible" to them. Here's when to use them, and when not to. Get My Favorite Trade Strategy Here: http://www.topdogtrading.net/youtubeorganic-day-trading Earnings & Income Disclaimer The information contained on this video is for informational and educational purposes only. We are not registered as a securities broker-dealer or as investment advisers, either with the U.S. Securities and Exchange Commission or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. Trading and investing involves substantial risk. Financial loss, even above the amount invested, is possible and common. Seek the services of a competent professional person before investing or trading with money. The information contained in this video, is not provided to any particular individual with a view toward their individual circumstances and nothing on this video should be construed as investment or trading advice. Each individual should assume that all information contained in this video is not trustworthy unless verified by their own independent research. There is a substantial risk for loss when trading securities as they are highly susceptible to the risks and uncertainties of certain economic conditions. For all these reasons and others, your use of the information provided in this video, or any other products or services, should be based upon your own due diligence and judgment of how best to use the information, and subsequently independently verified by a licensed broker, investment advisor or financial planner. Any statements and/or examples of earnings or income, including hypothetical or simulated performance results, are solely for illustrative purposes and are not to be considered as average earnings. Prior successes and past performance with regards to earnings and income are not an indication of potential future success or performance. There can be no assurances of future success or performance and we will not be responsible for the success or failure of any individual or entity which implements information received from this site. WE DO NOT IMPLY, PREDICT, OR GUARANTEE THAT YOU WILL BE SUCCESSFUL IN EARNING ANY MONEY WHATSOEVER. IF YOU RELY UPON ANY FIGURES OR INFORMATION ON THIS SITE, YOU MUST ACCEPT THE RISK OF SUBSTANTIAL TRADING LOSSES. Past results of any individual trader are not indicative of future returns by that trader, and are not indicative of future returns which may be realized by you. Neither the author nor publisher assume responsibility or liability for your trading and investment results. This site and all information therein is provided for informational and educational purposes only and should not be construed as investment advice. The author and/or publisher may hold positions in the stocks, futures or industries discussed here. You should not rely solely on this Information in making any investment. You need to do your own independent research in order to allow you to form your own opinion regarding investments and trading strategies. It should not be assumed that the information in this web site will result in you being a profitable trader or that it will not result in losses. Past results are not necessarily indicative of future results. You should never trade with money you cannot afford to lose. The information in this site is for educational purposes only and in no way a solicitation of any order to buy or sell. The author and publisher assume no responsibility for your trading results. There is an extremely high risk in trading. This information is provided "AS IS," without any implied or express warranty as to its performance or to the results that may be obtained by using the information. Factual statements in this site are made as of the date the information was created and are subject to change without notice. HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.
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Text Comments (51)
Celso ervin Luis (10 days ago)
does 2254k volume means 225400?
Celso ervin Luis (8 days ago)
+Lukas Moore how about the M and B? can you also convert 2254k to m and b?
Lukas Moore (8 days ago)
"K" typically refers to 1000 so 2254K is 2254000
Pushpa satheesh (2 months ago)
I believe that uptrend needs more volume then down trend...is it correct?
Pushpa satheesh (2 months ago)
thank you sir...
TopDogTrading (2 months ago)
In general, but there are important distinctions beyond just that.
Incredibly Dope (3 months ago)
Paul Manley (3 months ago)
Very interesting on say a boring subject !!!!,
Sopa pá nois#ContenteTV (5 months ago)
ChuCkY thE aNGry GaMer (6 months ago)
thanks this is one of the best!
TopDogTrading (6 months ago)
Thank you, I'm glad you found the video helpful.
Ms Algie (7 months ago)
One of the best explanation on volume. Love it. Thanks!
TopDogTrading (7 months ago)
You're very welcome and I'm glad the video helped you in understanding volume.
Ravi Shankar (8 months ago)
Good learning you explain very good could you please provide me more videos about volume if you have.
TopDogTrading (8 months ago)
Thank you Ravi, I'm glad you found the lesson helpful, and I'll add you're request to my "to do" list.
Ruben Rojas (9 months ago)
Great topic About volume.
TopDogTrading (9 months ago)
Thank you so much Ruben.
paresh bhangale (9 months ago)
really good explanation
TopDogTrading (9 months ago)
Thank you Paresh, I'm glad the tutorial was helpful for you.
Arturo Hernandez (1 year ago)
Thanks Barry your channel is super underrated youre the best videos that explains simple and your voice makes me listen haha
TopDogTrading (1 year ago)
Thank you so much Arturo. I really appreciate that.
Distinct Source (1 year ago)
How would you relate this to the Crypto market? There's no open/close. For example, what's the shape of the meta pattern for bitcoin?
Ervin Farhan (1 year ago)
OMG you're so helpful! may succes be with you my friend.
TopDogTrading (1 year ago)
Thanks Ervin, I'm glad the lesson was helpful for your trading.
Juan Palacio (2 years ago)
TopDogTrading (2 years ago)
You're very welcome Juan.
Bob Allen (2 years ago)
Dr. Burns again presents great information on trading.
TopDogTrading (2 years ago)
Thank you for the kind comment Bob.
Nico Hernandez (3 years ago)
What type of volume indicator do you use? i got volume indicator but it has 2 colors red and green, i am planning to change those colors to only 1 color, is that what you did?
Nico Hernandez (3 years ago)
+TopDogTrading welcome. i see, i think its clear to me now, what you have there shows the volume of trades, while the volume indicator which i use also shows the volume of trades but with an indicator of how the majority of the volume change are bearish or bullish, if im not mistaken
TopDogTrading (3 years ago)
+fvckitsnico - Thanks for asking. That's not a volume indicator, that's a plotting of the amount of actual volume that was traded on each bar. Your red and green is probably just showing you which bars had more bullish volume (green) and which had more bearish volume (red) based on the relationship of the open and close of the price bar. I've also seen it where they make it red if volume was lower than the previous bars volume, and green if volume was higher than the previous bars volume. I'd have to see yours to be sure, but you can probably figure it out easily by simply looking at it.
nivard malcolm (3 years ago)
Good clear explanation Barry. Thank you.
TopDogTrading (3 years ago)
+nivard malcolm - Thanks Nivard, glad you found the video helpful.
Steve Chaffee (3 years ago)
Great video. Very Instructive.
TopDogTrading (3 years ago)
+Steve Chaffee - Thanks Steve, I'm glad you found the video beneficial.
Patti Painter (3 years ago)
Barry you always have great presentations.. thank you so much for your insight. Great lesson. Is is possible to do some videos of good timing and entries on Forex pairs?
TopDogTrading (3 years ago)
+Patti Painter - Hi Patti, thank you for the request. I'll be happy to do that.
Dr. Burns, I figured it out to watch the video. F.Y.I if you have a student that can't plug in like I was having, the problem was the Flash Player, Adobe sort of doesn't support the Androids too much so I had to get a Flash 9 or greater, But not that easy, But Puffin Browser is what worked for me, now I can finally watch your Rubber Band Video on my IPhone. Lemme get back to your lecture, I thought I would share this with you just incase there's others that can't watch your lecture. Oh, again Thanx a Google for sharing your knowledge.
One more F Y I Doc, If your using Puffy Browser, make sure you click on the request One Time Only, or else it will transfer as your browser, Then you have to go to settings and clear the original browser.
TopDogTrading (3 years ago)
+paulie 4x - Hi Paulie, thank you for that information. Hey, I thought technology was supposed to make our lives simplier!
Richard Lombardo (3 years ago)
Barry How Proud I am To Have a Peer such as you to learn from. You put so many others to shame. You are that calm, easy to learn from, professional and good! :+)
TopDogTrading (3 years ago)
+Richard Lombardo - Thank you Richard. I appreciate your encouragement.
Tash Cohen (3 years ago)
Very informative. But I'm still not clear on how you then can use volume intra day. Perhaps you can expand on this a bit more. Thank you Nevil Cohen
TopDogTrading (3 years ago)
+TashI Cohen - Hi Tashi, thank you for the request, I'd be happy to do that.
William Crocker (3 years ago)
Thank you Barry. I have studied quite a bit about volume (VSA) and never heard about the difference in volume intraday. This is helpful so a cheerful good morning to you!
TopDogTrading (3 years ago)
+William Crocker - Thank you William. I'm glad you found the video helpful. That's especially meaningful coming from a person like yourself who has studied volume in depth.
Anthony Borelli (3 years ago)
Clear and concise explanation on volume....
TopDogTrading (3 years ago)
+Anthony Borelli - Thank you Anthony.
Thank You so much, I really appriciated letting me see this, It was e-mail ed to me..The problem is, I also would love to receive your Rubber Band Trading, right now my device is my IPHONE which is connected to the internet, when I got to the video, I recieved a error that the plug was unsupported, Is there anyway you can send it to me like you did this video which I truly appreciated. Please and Thanx a Google. By the way, I save this video so I can study it, It works best for me this way, Again Thanx a Google.
I think it's my device, Right now I'm using my phone which I also have Internet connection, I got the same error message that tge plug is not supported on my device what ever that means grrrrrrrr, It's late and I'm beat I've been reading and studying a while, so I think I'll just crash, I'll check with you mannyanna how that G'Nite
TopDogTrading (3 years ago)
+paulie 4x - Hey Paulie. Not sure what the problem was, but here's the link to access the video: http://www.topdogtrading.net/youtubeorganic-day-trading

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