Quick post on the volume ladder. Would not take this trade as it's late in the day and it's not with the daily trend. But it is interesting.
Price is looking toppy on the charts. Had a quick glance at the volume ladder and sure enough, looks like the buying has dried up and the selling is kicking in.
Have been caught too many times trying to catch the falling knife so am not picking highs and lows until I get more consistency elsewhere.
Shows me two things though-
1) the volume ladder does contain relevant info.
2) Only look at the volume ladder when price reaches areas of interest. If you watch it for most of the day you'll go mental and lose yourself. Well I would anyway.
Price popped lower after this pic was taken. Still not going to trade those though!