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RE: Awesome PAY trade yesterday, and how to use Volume on a chart
Sweet video luc, and so many questions but one that sticks out to me from the reply on this comment is how to know exactly when that big buyer is not stepping in and thus giving you the green light to buy heavy? Theres no alert that can be set for when a certain size trade goes through right? Because to my understanding wouldn't by the time you see the green bar on the chart that there was some decent volume be to late to then take advantage?
The big guys have the same chart info as you to.. they dont know any more than you,, so if you look at previous panic drops, you can pretty easily guesstimate where the drop is getting overextented.. when you start to get a longer drop then you have ever seen on the history of the chart and there seems to be good volume, i would jump in with both feet.
So... is there any rule of thumb on WHERE to enter? Or are you doing as you mention, where you just kinda base it on the prior panic drops(approximate distance) for entry?
It just seems like you 'could' buy anywhere?
Am I overthinking it?