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And how do you define "classical TA"? LC

If you're going to set up a straw man, don't be surprised if respondents don't behave as expected. Price action IS technical analysis. If you want to advance the proposition that technical indicators "don't work", that's something else entirely. LC

And he taps faster and faster . . . :) LC

If nothing else, you're a great tap-dancer :) LC

Now there's a laugh :) LC

Since this is pretty much what he's demanded of ProfLogic, so do we all :) LC

You're making a distinction between "volume" of bid and ask and the number of transactions. Some people use the "volume" of the B/A to make trading decisions, particularly if they're scalping. But they don't "need" to. One can just as easily determine "where" the volume -- or buying/selling...

"High volume", in fact, is generally a danger signal, suggesting as it can a blow-off. Increasing volume is a plus up to a point, but continuously escalating volume into increasing price has to prompt the trader to ask who is doing all this selling and why. If he understands the dynamics of...

The willingness of buyers to pay higher prices need not have anything to do with the number of transactions. If you feel that's absurd, so be it. But I base what I know on twenty years' experience, not on a course I took or what I read somewhere. And there is no such thing as "noise". LC

A single transaction is "volume". Depends on the balance between the two forces. For example, a great deal of buying pressure facing little or no selling pressure (other than filling the demand) can move price far and easily with very little "volume" at all. This is common after an...

Another way of looking at demand and supply without having one's judgement skewed by the perception of sellers standing behind a counter with stacks of "supply" and hordes of buyers waving their checkbooks and credit cards demanding service. The term "selling pressure" enables the observer to...

Volume does not consume supply; demand does. Nor does increasing volume lead to continuation of price (I assume you mean continuation up or down). Price can move quite nicely with very little volume at all and often does. As for increasing volume equalling more volatility, sometimes...

No, I got your point. Mine was, again, that volume per se does not move price. Imbalances between demand and supply move price. The accompanying volume can be slight or substantial, but if the balance between buying pressure and sellling presssure does not shift, even for a tick, price won't...

I agree. I learned price/volume and I'm good at it. On the other hand, I understand what ProfLogic is talking about and I agree with it. There is no incompatibility between what he does and what I do. And I suspect that if I were to spend as much time studying constant volume bars as I have the...

Price doesn't change because of "volume" per se. It changes because a buyer is willing to pay a price higher than the current price or a seller is willing to accept a price lower than the current price. The number of transactions involved and the balance between buying pressure and selling...

Key word being "appearing". If compression and expansion are all that you're considering, then there's no difference between a time bar interval chart and a P&F chart. As for being civil, you might give it a try. Badgering isn't working for you, unless you're working off some other agenda. LC

And since you edited your post after I responded to it, you have again demonstrated with the additional sentence that you don't understand what's going on. "Simple compression" does not achieve the same result. The "what I fail to understand" part, however, is dead on. LC

Your failure to understand, however, is your problem and no one else's. There are many edges, and you are not required to understand -- much less approve of -- all of them. You don't understand. Deal with it. Stop your badgering and allow the dialog to proceed without you. If you talk less...

It is not a question of belief but rather an understanding of the difference between a bar that begins and ends according a time interval and a bar that begins and ends according to a volume interval. You still don't understand the difference, which is why you still don't understand why the same...

As to your questions involving understanding, yes, you're the only one (note that you even have trouble phrasing your questions properly). As to belief, that's not likely to result until you achieve some level of understanding, which seems unlikely. LC