June 14-07: Daily Review: Trading by Volume alone?

[Klammerapfe]

Golden rule: cut your losses short and let your profits run. When the market moves against you, you get stopped out for all three contracts. When the market moves into your direction you sell immediately one third, then another one third and finally you let the profit run for the last one third.

THIS IS THE OPPOSIE STRATEGY OF THE GOLDEN RULE

[thomas9504]

Does the colors on the volume bar mean anything? IN the forex market, i noticed that there is a red volume bar (assuming bears?) but the price closed above open. What does that mean? how could there be more sellers and the price increase?