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It might sound ol' fashioned and too simple to you, but have you considered just learning to read the trend? You'd be surprised how everything falls into place once you can.

What was the ***last*** thing you had to master before becoming profitable? Realizing that the 'last' thing I mastered will not be the last thing I'll master!!

Is chart trading dead? If chart trading were dead, I'd be dead too!! And I ain't dead!!

They are two different animals and can't really be compared. There is a way to analyse price movement using OI, but as I remember from decades ago OI is announced only weekly, but maybe that's changed. If not, using such for short term trading would not really work. And, in any event, IMHO OI...

This one being a real flash crash or not, I think you will find that almost all such moves are in the direction of the trend. So, follow the trend and no sweat!!

OK. Again I couldn't spark your interest in a valuable part of TA. . Maybe someday we'll agree on something!:) Oh well I got 4 likes after writing all that, so it wasn't a complete waste of time!

@Scataphagos I got that next to last sentence wrong. Should be: In fact, I'll refund the money you paid to read the above if you do not find that adding volume to your analysis has improved your performance significantly.

I could write 5 pages here regarding volume. But my typing being what it is, it would take me 3 days. So I'll be brief. The current discussion in this thread seems to have switched to volume spikes. Yes, there usually is a big movement in price. But you must take into consideration the position...

I got 13 Likes for the above! A new record for me. Not all of the points above and below are based on personal experience. A number of them are points I've seen repeatedly mentioned on ET or observed in other traders during the 23 years I spent in brokers' boardrooms. When you have a situation...

Not all points are from personal experience. A number of them are points that I have repeatedly seen mentioned as 'growing pains' on ET.

Or maybe he's the son of Trading Education Buyer!!

Ain't that the truth!!!

Well maybe some of us do find it difficult to be convincing even regarding something we know from years or decades of experience to be true and of value. Come to think of it, I'm a proponent of sex, but would find it hard to explain to a virgin!!

Of course, volume is useful/valuable in any traded item. But it must be kept in mind that volume in each is conditional, and may or may not have an effect on the trend. That which is of no consequence to price movement can be ignored. As to volume in index futures being an indication of...

Only have a second, so I'll be brief in saying that, yes, arbitrage taking place throughout the day will be printed on the charts. However, such is a one shot occurrence that will not have an effect on what the trader is most concerned, being the trend. Will try to answer about index futures vs...

I think you will find that volume was recognized as a valuable part of TA as early as The Dow Theory. In the early 1900's it was not just accepted as such, but was studied in detail and presented in many books showing its value.

While I wrote the above based on reading just one of your posts, and so I could be wrong, but I get the feeling you have done more study and work than most on the subject and would therefore be one to provide worthwhile commentary(not that I'm one to judge mind you!!).

While there are some parts of your analysis with which I agree, and some points that I would not choose to apply, I think it is outstanding that you went into such a detailed explanation of your step by step analysis. I have seen very few examples of such on ET, and I would think that those new...

Fine, I thought you were talking about single tick charts. 5s or10s charts for NQ would be fine I'm sure, but would be to short to maintain a view of context for something as active as ES. You just need to find the proper setting according to the activity of the contract. No, I don't either...

Yes, of course. I doubt that anyone uses single tick charts. I think many who trade ES use constant tick charts ranging from hundreds to thousands of ticks in order to maintain a view of context, and in order to apply TA.