ES Volume Leads Price

Quote from Joe Doaks:

It is well known on ET that for ES, volume leads price.
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Does this inevitably to profitable months, quarters, and years? Is it an infallible engine of guaranteed success?
 
Actually, I've attached Jack's "bible" on the "P,V relation." How about if we do some scoring based on Spydertrader's ChartScript at the link below and see if there's anything to it?
http://www.wealth-lab.com/cgi-bin/WealthLab.DLL/editsystem?id=47311

Quote from Joe Doaks:

Jeez! I take my old man nap, and go see the new Richard Gere movie "The Hoax" (no irony intended), and my flimsy insubstantial evanescent little thread has been hijacked! Do I have to watch you guys every MINUTE? Well, after innumerable posts PROMISING to explain how V "leads" P, you still haven't gotten around to it. Did you forget HOW? Maybe you should take more naps, like me.

Anyway, you guys won't be larfing after a few days of posting results. I used the crudest possible algorithm with no subsidiary tests or significance thresholding. So I am just getting warmed up. My ultimate objective is to create an "SCT for Dummies" (no wisecracks about the CURRENT state of SCT, please). I already have Guasian Lite coded up and working nicely, thank you very much. And by quite a feat of algorithmical legerdemain, it works inside a single five-minute bar. Quite a trick, peering inside there, hahaha! Did anybody see me post THAT? HELL NO! I much prefer to post FAILED experiments. If I go silent on THIS one, you'll know I made it work.
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Attachments

Quote from Joe Doaks:

Jeez! I take my old man nap, and go see the new Richard Gere movie "The Hoax" (no irony intended), and my flimsy insubstantial evanescent little thread has been hijacked! Do I have to watch you guys every MINUTE? Well, after innumerable posts PROMISING to explain how V "leads" P, you still haven't gotten around to it. Did you forget HOW? Maybe you should take more naps, like me.

Anyway, you guys won't be larfing after a few days of posting results. I used the crudest possible algorithm with no subsidiary tests or significance thresholding. So I am just getting warmed up. My ultimate objective is to create an "SCT for Dummies" (no wisecracks about the CURRENT state of SCT, please). I already have Guasian Lite coded up and working nicely, thank you very much. And by quite a feat of algorithmical legerdemain, it works inside a single five-minute bar. Quite a trick, peering inside there, hahaha! Did anybody see me post THAT? HELL NO! I much prefer to post FAILED experiments. If I go silent on THIS one, you'll know I made it work.
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No I just wanted to finish setting you up after you didn't get my posts.

Obviously the P, V relation is correct, sy6mmetric and always in effect on all fractals and all markets.

By looking at the three boolean equations you can see that you really screwed it all up.

You have to do the work and you still don't get it.
 
Joe,

SCT for dummies is just what the world needs.
Too many have been told by Spyder that they've got reading comprehension problems or told by Jack that they're not worthy. Keep up the good work and let the whole world do SCT.
 
Quote from apex82:

There goes a month of profits on an anomaly... . Yes, it leads at times but I doubt there is an edge from taking every signal. Just code it, I am sure it would be simple and see how it looks. The real pie is combining it with some other types of factors that filter out most of the bad signals. Use the logic as a base and build from it. Keep the posts coming
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Sometimes declining volume is bearish;
except lunchtime declining volume doesnt seem to matter much.:cool:
 
Quote from jack hershey:

... They all spend money on brains to know what is going on and they DO NOT EVER get taken in by BS ...
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Ah, that's why they don't do SCT?
 
Volume, volume leads price. Keep believing that fools, some of us enjoy packing the retirement chest with your money. Not much more before i will have mine filled. . :p

Fill the chest, go into semi-retirement and help a couple youngsters pack a college chest, then sit by the Ocean with a cocktail, coffee, Coca cola in hand and watch the world go by as i spend the fools money that say "VOL LEADS PRICE".. :D

Jack, keep up the good work i enjoy it very much. .. :p
 
To be honest the best approach is KISS. The standard game, index or commodity futures, is selling the top of upswings and buying the bottom of downswings in sequence. Do it on the days market. You address this task with your observations, indicators and signals, and choice of charts (time, range and/or volume bars). So scale out on the turn and scale in for your new position or simply reverse your position in one hit. Which you do, depends on size of your position, your repeated accuracy/experience and how the turn presents itself. But you do have to do it to know how to DO IT.
 
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