美股交易员培训Level_2_English.doc

The third Dome below….shows the Buy side at 744 and the Sell side at 773. You can also see 635 on the Sell side….on the 2 nd level of the Depth of Market. The Sellers were still trying to Stop the Downward Trend….but the Buyers started to fight back. This caused the Prices to go into a Range condition. This went back and forth for about 20 minutes. This was a battle that we see everyday….and this is why Prices go into a Range. The second Dome below….shows the Buy side at 294 and the Sell side at 766. However….you can also see 615 on the Sell side….on the 2 nd level of the Depth of Market. What was happening was….the Sellers wanted to Stop the Downward Trend. You can see the area on the chart where this was happening. You can tell….the Big Money….wanted to Reverse the Trend. Many traders have a problem figuring out the Start of a Range….the Break Out of the Range….and….whether the Price will keep going in the same direction….or Reverse. For me….I solve this problem….by carefully watching the ACV or Accumulated Volume of the Depth of Market….which is located on the Dome. The Depth of Market is all about Price Action. You can see the five levels of the Buy and Sell constantly changing….moving up and down. While most traders only look at the Inside Buy and Sell….more often than not….depending on the Inside Buy and Sell….will cause you to get Faked Out….or Suckered into a trade you shouldn’t take. The charts are for 04-26-06….ER….234 tick chart. I will go over the ACV as seen on the Dome. Most trading platforms have the different levels of the Depth of Market….but there are very few that have the ACV. The next two charts will show the long Down Trend….going into a Range condition….then Breaking Out of the Range. The rest of the slides have an explanation for each Dome. The first chart is a