I do not buy at any price.
When buying, you got to position within the dominant range. The dominant range has the prices that got the biggest volume and the highest number of trades.
Transactions placed within the dominant range are more likely to be executed.
When the dominant range is closer to the intraday high than the intraday low, the ascent in price is more likely to continue.
You do not need to check intraday charts (1 minute, 5 minute, 10 minute, 30 minute, 1 hour) when you know how to plot the dominant range in a chart.
I created my Price-Volume Distribution chart generator for this reason.
Those who attended my The Evergreen Strategy in Trading the Philippine Stock Market seminar understand the logic and reason behind this strategy of focusing on the dominant range.
Quick advertisement: I will be in Cebu City on July 13, 2019 to teach the following:
- how to identify the best stocks to trade when you’re busy
- how to identify a confirmed buy-signal
- how to check if the current trend is more likely to continue
- how to identify the price range where it’s best to trade
- how to know the true market sentiment
- how to sell more logically and less emotionally
So, here are the price points that you need to monitor tomorrow after the opening bell.
To the subscribers at Equilyst Analytics, remember this: If these stocks start at a price that is higher or lower than their respective dominant range, please post a request for the latest Trade-Volume Distribution and True Market Sentiment charts in our Private Clients Forum. We will tell you if there’s a new dominant range that you need to watch out for. We will also tell you if the ascent in price is more likely to continue.
ALI
VWAP: 52.3225
Most Traded Prices: 52, 52.1, 52.05, 51.95, 52.2
Most Voluminous Prices: 52.5, 52.1, 52, 52.15, 52.2
URC
VWAP: 178.8595
Most Traded Prices: 180, 180.1, 176, 178, 180.2
Most Voluminous Prices: 180, 178, 180.1, 180.2, 176
ICT
VWAP: 142.7046
Most Traded Prices: 142.8, 142.9, 143.1, 143, 143.2
Most Voluminous Prices: 142.8, 142.2, 142.7, 142.9, 143
SPMPH
VWAP: 38.0005
Most Traded Prices: 38.1, 38.15, 38.05, 37.8, 38
Most Voluminous Prices: 38.1, 37.8, 38.05, 38, 38.15
MBT
VWAP: 71.4588
Most Traded Prices: 71.75, 71.6, 71.8, 71.5, 71.65
Most Voluminous Prices: 71.4, 71.35, 71.6, 71.5, 71.75
AC
VWAP: 917.0058
Most Traded Prices: 917, 916, 911.5, 920, 918
Most Voluminous Prices: 920, 917, 916, 918, 911.5
C
VWAP: 8.946
Most Traded Prices: 9, 9.02, 8.9, 8.99, 9.01
Most Voluminous Prices: 9, 9.02, 8.9, 8.99, 8.85
FGEN
VWAP: 27.4842
Most Traded Prices: 27.5, 27.55, 27.45, 27.6, 27.4
Most Voluminous Prices: 27.5, 27.55, 27.6, 27.45, 27.65
FB
VWAP: 102.8976
Most Traded Prices: 103.1, 102.5, 102, 102, 103
Most Voluminous Prices: 102.6, 103.2, 103.9, 102.5, 102.3
MWIDE
VWAP: 18.3199
Most Traded Prices: 18.3, 18.32, 18, 18.2, 18.26
Most Voluminous Prices: 18.3, 18.32, 18.26, 18.2, 18.72
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Attend My Seminar
In my “The Evergreen Strategy in Trading the Philippine Stock Market” seminar, I will teach you:
- how to identify the best stocks to trade
- how to identify a confirmed buy-signal
- how to check if the current trend is more likely to continue
- how to identify the price range where it’s best to buy or sell
- how to know the true market sentiment
- how to sell more logically and less emotionally
Seats are limited to 20 to 30 per seminar. CLICK HERE to check if I have a seminar in your area and to buy your ticket.
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