Literary Classics and Trading

Quote from F.-M. Arouet:

I have not fully decided. My volume interpretation codes are usually a coin toss. My day-to-day operating position is that you can't trade volume alone. Or price alone. Or both together. Something far more subtle is required. Which is emerging. If you will forgive another literary allusion, it is the nagual which reveals, not the tonal. The quantum, not the macro. And much as he tries to distance himself from the "conventional orthodoxy", my favorite ET poster is blindly rooted in it.

Edit: this post responded to a poster with second thoughts who deleted his post. The gist of the question was "Do you trade price or volume?"
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Sorry about the deletion, FM.
These boards are new to me and it's so easy to push the wrong button. For the benefit of the readership, my question was essentially, "Do you ignore volume?" Profuse apologies to everyone.
 
FM, you mentioned rectification.
Wikipedia's article about a rectifier has nice pics for those of us with reading impairments and/or an inability to visualize techical matters.
Anyway, I am curious whether you have ever considered doing "full-wave" rectification on volume.
 
Then I guess I must revise my answer. I am a tit man, so no, I love volume, perky or pendulous. But just for the hell of it for a few days I traded volume alone. Doesn't work, IMO.
 
Quote from F.-M. Arouet:

Conventional volume charts are full-wave rectification of money flow, that was my whole point.
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I see what you mean.
The color of the bars must be insignifigant, too.
 
I may be getting beyond my capabilities here, but would volume bars that reflected the balance of money flow be more useful? If more trades occurred at the ask, it's an up bar. If more trades occurred at the bid, it's a down bar. Surely I am no genius, so this must have occurred to someone else?

And would it be useful to consider the size of the trades at bid/ask?
 
Oh, my! You ARE new here. Please go here:

http://www.elitetrader.com/vb/showthread.php?threadid=83604

and read everything. Then you will fully understand this thread. Sorry. It's an inside joke. A long running one. Trying to penetrate the thick-headedness of that crowd is my life's work.

But the two ideas I presented her DO have their uses, IMO, so not a total waste of time. Thank you all for participating. To say any more I would have to reveal what I REALLY do.
 
Quote from F.-M. Arouet:

Tortoise, what have you got against me? I am old. I am better read than you, but I have forgotten most of it. I am bringing value to ET. I certainly have slept with more women than you have. Why is it that ET resents anyone who tries to improve the lot of the common trader? And I am still waiting for an explanation of how you match my feat of picking exact tops and bottoms. Perhaps we could form a trading partnership, the Tortoise and the Hare? I am getting so creaky and decrepit that I qualify for the latter role.
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ok, ok. i give up. you've won me over.

trader225, order size (aka "order flow") is crucial...in the old days, so i'm told, they called this "tape-reading". let's see what le professeur has to say about that...
 
Quote from F.-M. Arouet:

Oh, my! You ARE new here. Please go here:

http://www.elitetrader.com/vb/showthread.php?threadid=83604

and read everything. Then you will fully understand this thread. Sorry. It's an inside joke. A long running one. Trying to pnetrate the thick-headedness of that crowd is my life's work.
More...
Oh, FM, are you referring to me?
Why send me off to read nonsense?

I am thinking that volume bars might look like a histogram. Down bars would go below zero and up bars above zero. Have I erred? Am I a heathen infidel?
 
Tortoise. You are getting far too warm. I have nothing to say. Remember your Uncle Remus. And think nagual, quantum, tick. Most importantly, what HAS to happen so that the crowd is net unprofitable, or at best breaks even.
 
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