Australian (ASX) Stock Market Forum

Questions regarding stock trading - volume breakdown, fluctuation limits and filters (1 Viewer)

Joined
Jan 11, 2021
Posts
2
Reactions
0
Hello everyone,
I am new in Australia stock trading. I spent some time on analysing stock graphs using different websites (e.g IG, COMMSEC, etc) but couldn't find the following answers for my questions:
1) How the volume breakdown can be seen? e.g if the trade value for a day is 2M , how many of it is traded by natural or legal persons?
2) Is there any limit to the price fluctuations per day in Australia? That's the case in some countries, ie there is a limit of say 5% , so the price cannot fluctuate above or below 5% per each day.
3) How can I use filters to categorise stocks based on different criteria, eg, only show me the stocks with above 100M volume of trading else..

I am using IG and COMMSEC at the moment, so if you refer to these website re my questions would be perfect, otherwise any other website that you think would give me the data that I want would be appreciated.
Cheers
 
Joined
Jun 28, 2019
Posts
704
Reactions
1,487
Hello everyone,
I am new in Australia stock trading. I spent some time on analysing stock graphs using different websites (e.g IG, COMMSEC, etc) but couldn't find the following answers for my questions:
1) How the volume breakdown can be seen? e.g if the trade value for a day is 2M , how many of it is traded by natural or legal persons?
2) Is there any limit to the price fluctuations per day in Australia? That's the case in some countries, ie there is a limit of say 5% , so the price cannot fluctuate above or below 5% per each day.
3) How can I use filters to categorise stocks based on different criteria, eg, only show me the stocks with above 100M volume of trading else..

I am using IG and COMMSEC at the moment, so if you refer to these website re my questions would be perfect, otherwise any other website that you think would give me the data that I want would be appreciated.
Cheers

More experienced people should come by with some better answers. But,

1) All trades will be done by 'legal persons'. Unless you are after seeing if they are foreign investors? (They still have to be registered ) Or are you after seeing institutional investors? Institutional investors will go to great lengths to hide who is behind their trades with algorithms to split up there buys/sells. Poeple often want to know what they are doing (trying to follow the money).
2) Not for stocks. Not that I'm aware of. A trading halt may be put in place for extreme events. In futures, the market has 'limit up' or 'limit down' (I think thats the terminology) that prevents the price going too wild.
3) you need a service for that. some websites do it (check finviz). most people on here use Amibroker to scan the market. Other programs exist for the same thing.
 
Joined
Jan 11, 2021
Posts
2
Reactions
0
Thank you Warr87 for your reply. For q1, yes , i meant how many of the volume is bought by normal persons and how many by say industries, companies, corporations, etc so pity if there is no way to figure it out
 
Joined
Jun 28, 2019
Posts
704
Reactions
1,487
Thank you Warr87 for your reply. For q1, yes , i meant how many of the volume is bought by normal persons and how many by say industries, companies, corporations, etc so pity if there is no way to figure it out

There are some books out there on volume analysis that help you to learn reading volume, i.e. to try and pick if there is an investor. I know in america the bank and institutional investors will have algorithms to follow the VWAP and slowly unload/load shares, in differing parcel sizes too. They obviously want to accumlate or unwind a position without tipping their hand. In some of my podcasts I've heard of some very successful traders placing orders based upon reading on the book-order. They were so well aquianted with the book-order that they could pick quickly the flow of money as it was happening. The smart money can be following the cash, so why would those large investors tip their hand at all? All is not lost though, as you can look into some volume analysis techniques or how to read order flow.

My own strategy using volume to enter a position. Mine only looks for an increase in the moving average of volume or a large spike in volume. I care little as to who it is, tbh. It makes no difference to my strategy.
 

Users who are viewing this thread

Top