There are lots of technical signs for buyers to make a choice from. For Carter Virtue, there’s one that sticks out above all others: quantity.
“A lot of charters don’t look at volume. They say it’s all in the price action. … but volume is the essential criteria,” Virtue, the founding father of Virtue Charting with greater than 3 many years at the Boulevard, instructed CNBC’s Dominic Chu on this particular Professional Talks dialogue to be had to all readers. “The study of volume and price volume correlation is the single most important thing one can do if one wants to engage in pattern recognition and studying price action trying to profit in the market.”
“[Philosophers] Camus and Sartre would argue that existence precedes essence, and in markets, volume precedes price,” he added.
(Professional subscribers can keep an eye on the whole interview right here.)
On this interview, Virtue talks about:
- How his profession in finance started
- His method to chart research
- The utility of an outlined week horizon for traders
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