I hope you’re having a great week!
In the last issue, I told you why knowing how to read and interpret market volume is such a critical skill for any trader to have.
See, the reality is that price simply can’t move without volume.
In fact, when utilized properly, volume is the one and only indicator that actually leads price movement instead of lagging behind it.
But there’s just one problem…
It’s darn near impossible to know whether a sudden surge of volume is due to selling pressure or buying pressure when you’re trading from your computer at home.
This is actually the single biggest advantage the pit traders on Wall Street have over retail traders like you and me.
… But there’s a revolutionary way that you can harness the pit traders’ advantage and put it to work in your own trading.
Now, here’s what you have to understand about trading on the floor of a live stock exchange versus trading at home by yourself on a computer.
See, those pit traders on the floor of the exchange can taste, feel and smell the market.
They can see the flow of buying and selling as huge institutional orders come through…
And they can sense the fear and greed in other traders’ eyes as the action builds to an ear-splitting level.
This is precisely what Nigel Hawkes, an ordinary retail trader just like you and me, discovered after standing on the floor of the London Stock Exchange eight hours a day…
For two weeks straight…
Watching the pit traders in action and learning their secrets.
Of course, this was back when the exchange floors were open to visitors…
And before COVID put social distancing protocols in place.
In those days, the pit was called the “ring,” and it was just a seething mass of humanity.
Traders of all shapes and sizes were yelling and screaming at each other, signaling trades with their hands.
But it was here that Nigel made a simple discovery that would alter the course of his trading forever.
See, Nigel observed that whenever there was a massive surge of volume — whether it was buying or selling pressure — it was clearly seen and heard by everyone on the trading floor.
All of a sudden, screams of “Buy, buy, buy!” or “Sell, sell, sell!” would erupt from the ring…
And the pit traders would swarm like angry bees to get their orders filled.
As soon as Nigel saw this, he quickly realized why every method… every theory… every strategy… and every indicator he’d tried had only cost him money.
See, they were all based on just two things…
Time and Price, neither of which take into account what the majority of traders are actually doing.
In other words, they weren’t considering volume.
Nigel now understood that this was exactly what had been missing from his trading…
And he set out to build a system that would replicate what was actually going on at the live edge of the market…
And underpinning the price action.
Now, it would take years of further researching, studying and tinkering before Nigel’s system would be perfected.
But in 2004, Hawkeye Traders was born…
And since then, it’s helped countless traders around the world achieve consistent profitability by leveraging the simple yet critical concept of volume price analysis.
Now that may sound complicated…
But I assure you that the 3-Step Hawkeye Method for identifying, entering and managing trades is as straightforward as they come.
In fact, I put together a training video to walk you through this powerful system step by step…