Do you know how to tell which is real volume?

[1a2b3cppp]

People often talk about volume and how to use it in their trading. I have posted 4 charts. I want to know if the people who say they know how to use volume can tell which of these charts is an actual chart with the correct volume, and which of these charts has the wrong volume on it.

In other words, which of these volumes goes with the bars on the chart?

This is the NQ if that helps.

 

[wrbtrader]

I don't use volume in my trading and I trade the Emini futures.

Answer: Chart 4

Yet, sometimes when in a conversation with another trader that is dependent upon volume analysis...I'll put volume on my chart so that I can see what he's talking about.

 

[NoDoji]

Chart 4 has a volume profile that "makes sense" according to the price action shown.

 

[dom993]

Thank you for the interesting challenge ...

Chart 4 is the only one which volume makes sense associated w/ price-action throughout the chart.

Chart 1 volume in the 1st downleg is declining on 3 consecutive LL bars. Later in the upward move, Chart 1 has a couple breakouts on declining or low volume, much less likely than the volume surges on those bars in Chart 4.

Chart 2 has an unlikely upside breakout on the lowest volume of the prior 2 bars consolidation, and later a pre-breakout relatively narrow bar on huge volume, larger than the next bar which is a tall breakout bar.

Chart 3 has declining volume in most of the 1st downleg (I could see that happening in an upleg, but not in a downleg, unless it is the end of a large pullback to the left of the chart), and later has a couple of upside breakout bars on low volume.

 

[wrbtrader]

...I want to know if the people who say they know how to use volume...

Traders that master understanding volume...eventually realize they don't need volume because they can see it in the price chart without any volume sub-graphs.

 

[Redneck]

May as well get some group think going on – lol

Chart 4

And in case someone missed it – it’s the same price bar chart all 4 times – with different volume

RN

 

[tiddlywinks]

When you do give out the correct "answer", please include...
1) the time frame
2) the date and time segment

I think the answer is chart #1.

 

[1a2b3cppp]

I will post the details when the poll closes at the exit of the month.

 

[Money Trust]

I'm gonna say 4 also because the huge spikes in volume was in every place you'd expect it to be on that chart.

 

[billyjoerob]

2