Anna Coulling - The Volume Secret
Anna Coulling - The Volume Secret: What the world’s top traders know that the rest don’t
Let me start with a provocative statement that trading is, in fact, a very simple process. It may not be easy, but the process itself is very simple. After all, making money from any financial market is just finding the right answer to a very straightforward question.
Is the market I am interested in going up, or is it going down? It’s almost as simple as flipping a coin. And herein lies the paradox and conundrum of trading.
As intelligent people we struggle to comprehend why this simple process is fraught with so much complexity and fear. Furthermore, how something so apparently simple can also make us feel stupid. A feeling that many of us may not have experienced since we were young children.
Once we enter the world of trading and speculation and realize that it is only a question of whether a price or market is going up and down, this then fuels a burning need to succeed. After all, what could be simpler?
For many, of course, the trading journey is both painful and expensive. Painful emotionally, as trading makes us face up to our innermost fears and feelings about money and losing. Expensive, because the market demands a price for learning. It is almost a rite of passage that in this business of trading we have to learn to lose, before we can start to win.
My own trading journey started over 15 years ago. At the time I was involved in various projects in the City of London working on some of the biggest trading floors of the major banks. I remember well asking a senior trader to explain a financial mechanism, and his response is etched in my mind. He said the following:
“If I told you that, then you would know as much as me”.
I was shocked, angry and the “red mist” descended at this response . However, this was the spur I needed as my philosophy has always been: Don’t get mad, get even. However, in those days this was easier said than done. The reason? No internet and everything had to be done via the local library, books and newspapers to try and find as much information as possible about trading. For me it was all about eduction, education, education.
However, this also involved paying vast sums of money to various so called “experts” who promised the earth and actually delivered nothing of value. No doubt you have done the same. This seems another rite of passage. I also often say:
“life seems to involve kissing an awful lot of frogs........”
Despite all this, which was frustrating, painful and expensive there was one small chink of light. Looking back, I know I was extremely fortunate that in my quest I had stumbled on the most important and crucial trading secrets, which was the volume price relationship. At the time this was simply another aspect of understanding of how the markets worked, but within a matter of months I realized that this was the key. Logically it was the only relationship which matters and will truly tell you the direction of the market.
At this point I was also joined in my quest to conquer the world of trading by my husband David, and together we began to apply the principals of volume spread analysis to our trading. We did have to pay a huge sum of money to learn this technique, but you are going to discover it for free and also, more importantly, understand its limitations. From there you will then understand the real secret behind VOLUME and PRICE which took us so long to discover.
Over the years both David and I have traded virtually every instrument in every market. Once we had a basic grasp of volume spread analysis or VSA, as it was called at the time, we began by trading index futures. Not the easiest instrument to trade, and made even more stressful because in those days there was no internet, and all orders were executed by phone direct to your broker.
So, we would call our broker with our order, and he would then phone this through to the floor of the exchange to be filled. More often than not, we could hear this on the squawk box and our stop would sometimes be hit almost immediately. But this was trading and there was no other way at the time.
We then moved into equities, options, commodities and ultimately forex, all the while refining our knowledge of the markets, and honing our trading skills. Over the years we have developed a huge network of free sites - at last count there are over 70 - all designed to help our fellow traders and investors navigate their way through the minefield that is the markets. Simply Google my name and you will stumble across many of them, as well as many of the sites that I have contributed to over the years.
In addition we have also written extensively for both online and offline publications. As Richard Wyckoff himself said, the key to succeeding as a trader is to understand the game plan of the market which is only ever revealed by the price volume relationship. And remember this was written back in the 1930’s! And nothing has changed since this quote.
Despite our success as traders, and indeed over the years we have made significant sums from our trading which has given us a unique and pleasurable lifestyle, we always felt there was more that could be achieved.
It was at this point that we came across Nigel Hawkes and Hawkeye and were astonished to find that Nigel too had started his own trading journey in a very similar. Indeed, there have been points in our respective journeys when our paths have crossed unknowingly.
Once David & I began to use Hawkeye and Nigel’s unique trading methodology and approach to the market, our trading really took off. Our trading journey has come full circle. We started with volume spread analysis but now end with volume price analysis. The circle is complete.
David and I feel honored and privileged to be an integral part of Hawkeye, and since meeting Nigel we have also become firm friends. Hawkeye is the ONLY software or product that we have ever endorsed because, in our opinion, it is the only software and trading methodology that actually works.
In addition, it is the only software that works across all markets and in all time frames, for both tick and time charts. Indeed in 15 years of trading we have met some very well known traders, even some of the more famous ones, but we have yet to meet anyone who knows more about trading and volume than Nigel. We are publishing this e-book to explain the VOLUME secret and after reading this book you will understand why it is so powerful. Whatever you do after reading this book, please make sure you follow its principals. If you do, you will never look back.
Good trading
Anna Coulling
Download the book here: http://j.gs/CM9q
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