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"Pattern", however, is only a type of price action, and if one trades according to patterns without understanding the price action that creates them, he's not much better off than if he were to use indicators. A more basic form of price action is the behavior of price around what are called...

Who says so? LC

In your case, it's not difficult. LC

For how long? A few months? Given your writing, you could not possibly have gone to school here. LC

Dear day, Are all the inhabitants of your country as simple-minded as this? LC

If you're going to claim that trading on price "alone" is "higher level" than trading with price and volume, then claim that all the things you use with price don't count because they aren't volume, getting "hung up on words" seems to be a logical step. If you no longer use volume in your...

What question is that? LC

You continue to use a definition of "alone" that is not alone at all. You are also making universal extrapolations from a small group of people who may or may not be experienced and who may or may not be profitable. As for my comment that those who say that volume isn't necessary generally don't...

First, price alone is not price "and". Second, research based on whom you know personally is unlikely to apply much beyond the group from which your sample is drawn. If you want to do so, you're going to have to come up with something much more rigorous than anecdotal observations. "Higher...

Don't hold your breath. The difference is that Sebastian trades . . . LC

Correct. LC

In which case they are not "price action only" traders. Volume provides information that pivot points, candlesticks, etc, do not. Simple as that. One can do without it, but that's not the point of the thread. LC

I agree. Volume provides clues to fakeouts, shakeouts, and the supply/demand balance. Those who use "price only" generally use something else in addition to price, e.g., candle patterns. LC

However, if one were to combine an understanding of PV relationships with an understanding of support and resistance, there would have been no reason to go long at all. One short trade at the open and that's it. LC

You might also be interested in his book: http://www.trade2win.com/boards/313957-post.html There's also his thread on t2w: http://www.trade2win.com/boards/price-volume/11104-price-volume-support-resistance-demand-supply.html LC

Depends on what one means by "bottom". Each low has been higher, and volume is unremarkable. Plus the uptrend has yet to be broken. We'll see. LC

A. Because fear is a stronger emotion than greed. B. See A. C. Fresh out of dummies. D. There is. It's called capitulation. E. Because the person who thinks it's random doesn't understand it. F. Can't say. What does that have to do with "randomness"? LC

Why is it that those who are forever starting these threads about randomness don't understand the difference between randomness and unpredictability? LC

The one who can't spell "loser"? LC

You're smart to watch the volume. If and when selling pressure dries up, the stage will begin to be set for a recovery. In the meantime, keep an eye on XLF as well as the higher-cap "indicator" stocks, such as JPM and HBC. That will give you a better idea of when to act. LC