If you are interested in volume analysis another interesting site is http://www.paccharts.com/
Is Vol. Really Important ?
- Thread starter Babak
- Start date
Quote from Choad:
Jack-Grob is certainly a funny old bird. He has yet to show that trading with volume information is useful on longer time frames. After years of backtesting, many thousands of real trades, and yet more backtesting, I believe I could prove it is not necessary, but I'll just leave it up to Mr High Velocity...
I wonder how much "high velocity money" translates to real, yearly percentage gains?
Alas, we shall never know.
Regards to all.
C
For long time frames where a person focuses mostly on corporate performance, the way to tie volume into the staging of corporate growth is to use WJO's rally attempt analysis. Its on page 59 of his older version of HTMMIS.
For entries on the intermediate term investing, currently the C&H is very reliable and uses volume.
Years ago in a comparison of C&H indentifications during beta testing of Daily Graphs, it was determined that the TC2000 equations I used for sorting (some aspects of them involve volume), was hitting entries on what turned out to be C&H's 60 some % of the time and my timing of entry preceded the C&H by about 2 weeks. As expected climax runs (left side BO's) were used for IT channel exits.
Change your "alas" comment to something like: "Because I am too lazy to search, I have never taken the time to acquire a collection of the internet postings of the various performances of Grob's stuff whether is be long term. intermediate term, short term, or in any way related to commodities index trading."
The general assessment that people make of what I do is "unbelievable". When they do it themselves as a consequence of their personal efforts, what I do gets around to being believeable for them since they are doing it too. Thats the way it goes.
So this may fill in some of the history you have missed over the years.
About nothing is necessary to make money in trading if you look at the overlap of various trading and investing strategies. Hint: what you see is that there is not a great deal of overlap across the total span of things. The scope and bounds of specific methodologies that make the history books is a good exercise for determining that there is no common necessity that exists. It is a simple proof what what is needed. About nothing is needed so anyone is free to make up thier own concoction.
The trading universe, however, is a heirarchy measured by effectiveness and efficiency of extracting the potential of the market. Your ilk apparently is focused on being right about something or other all the time. Right now you are explaining the possibility of doing less with less. A lower place in the heirarchy.
Anyone can learn to make a lot of money in a short time. Its their choice to not do it. You climb up to where you want to operate and let it roll on out. Iterative refinement takes you further in shorted and shorter time frames.
I enjoy flying for pleasure; gliders are what attract me because of the wide span of experiences they afford me. For going places private, corporate, government or commercial I haven't paid that much attention; it was never something I had to deal with except for taking the rides. I did make it my business early on to know how to get out of trouble and to complete and file flight plans, however.
So I'm a funny old bird to you. Put me on your life list, there aren't many like me around.
You are terrific in your visualizations; people will get new opportunities to perceive the market.
The what if is this: Wouldn't it be loverly to just have the screen display what is important to assess at any given time. You know a prompter from the script the market is dictating.
I just used a screen make up for my mechanical version of SCT where various parts of the screen are hilited as required. Like following around a board to the place of action.
I tried to use the three level sweeep to illustrate a way to always be observing the right place at the right time.
Oh well anyway.
Once you do the negative version of what you did, you get to see how market control is closely measured by others.
For a minute I thought tokiyo was going to go for the jugular since he was so close.
What if the slide show get scripted? Can the zoom to fine be handled in a couple of milliseconds. I just like the appeal of an icon the size of the screen zooming into view that has a T on it filling he screen so a person couldn't miss it with his little arrow.
Does money still spill out od one armed bandits or do they use a paper print out of what you won.
Maybe it would be more fun to have a rube goldberg set of images and watch a trader hop from one market display to another.
Getting the hidden data on the Dom or the button to show would be a great next step. those new numbers that now pop up as the data rolls along a trend succession seem so corny. Why hide the stuff?
Anyway.
Thanks for the prose and poetry. A smart screen could turn trading into the same.
Look for the controling factors more closely.
the controlling factor lies within -- the market is never in control unless we give it that power. the view through the negative shows a market which controls us -- but i see the developed picture where i control myself.
how is that for Grobspeak.
how is that for Grobspeak.
Quote from MacroEvent:
the controlling factor lies within -- the market is never in control unless we give it that power. the view through the negative shows a market which controls us -- but i see the developed picture where i control myself.
how is that for Grobspeak.
I was speaking in terms of how the market works.
traders can do anything they want so they control their actions.
Looking at whats going on seems to be helpful. Why not afford a person that opportunity??
i fully agree --- i was just having a bit of fun.
Quote from Babak:
trendfader,
thanks for the link. The article in the June issue of TASC caught my eye. Looks very interesting. Now that's a novel take on volume, eh?
PAC charts are great for support and resistance.. they are very clever.
Well, if you look at those charts more closely, you can see where price busted through to the downside on low volume (dark blue I presume?) through "their" (the PAC analyst) defined areas of "strong" support (green I presume?)