There are various technical indicators for merchants to select from. For Carter Price, there’s one which stands out above all others: quantity.
“A variety of charters do not have a look at quantity. They are saying it is all within the value motion. … However quantity is the important standards,” Price, the founding father of Price Charting with greater than three a long time on the Road, informed CNBC’s Dominic Chu on this particular Professional Talks dialogue out there to all readers. “The examine of quantity and value quantity correlation is the single-most essential factor one can do if one desires to interact in sample recognition and finding out value motion attempting to revenue available in the market.”
“[Philosophers] Camus and Sartre would argue that existence precedes essence, and in markets, quantity precedes value,” he added.
(Professional subscribers can watch the total interview right here.)
On this interview, Price talks about:
- How his profession in finance started
- His method to chart evaluation
- The significance of an outlined time horizon for buyers
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