Price and Volume - What Say Ye ?

Overnight said:
What I want these bastuds to do is post a real-time chart and say, "Look here's what it is going to do!"
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There is a bit of that, actually.

The goal of Price TA is to identify "correlations". That is, "After the market does ______, it then is likely to do _____... for a bit". That isn't as much to know as we'd like, but it's all we get. As to "follow-through"... don't get to know that. Have to play it by ear.

Agree about volume. It is worse than irrelevant!

(I know, I sound like a broken record when it comes to volume. I've said it enough times I really should keep quiet about it by now, but I still get a kick out of needling/annoying traders who hinder their success by including volume in their analysis/trading decisions.. and then there's the "conventional wisdom heresy" thingy.) :)
 
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Browsing the net and stumbled upon this quote:


The thing I hadn’t paid much attention to was volume. I’m not talking about the little bars at the bottom of all the charts (I found those can be misleading, too).
When I started looking at the end-of-day overall market volume data, the true direction of prices became much more clear and easier to recognize. Then I thought, why not just ignore price entirely?
 
KCalhoun said:
Volume is helpful to confirm breakouts and pivots, although often in a minor way. Price action is everything
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Exactly;
+ sometimes a huge # of minor clues helps.Futures magazine[last 3 months of 2010 ]had QQQ volume average day 66 million.Its closer to 50 million now/so buyer beware.Earlier in the year/price was better, so no problem
FDN is till about the same; spxu is better volume............................................ Back to the future/LOL
 
For me it's easier to trade something like this example as a Dbl Bottom Measured Move than as a Volume based trade. I like the simple black-n-white go-nogo nature of the dbmm process.

volume.png

How To Trade Reversals By Spotting The Big Players With Volume Spikes
https://www.tradingsetupsreview.com/trade-reversals-spotting-big-players/

Volume-Based Indicators
https://finviz.com/help/technical-analysis/volume.ashx
 
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easymon1 said:
For me it's easier to trade something like this example as a Dbl Bottom Measured Move than as a Volume based trade. I like the simple black-n-white go-nogo nature of the dbmm process.

View attachment 279707
How To Trade Reversals By Spotting The Big Players With Volume Spikes
https://www.tradingsetupsreview.com/trade-reversals-spotting-big-players/

Volume-Based Indicators
https://finviz.com/help/technical-analysis/volume.ashx
More...
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NOT to make this rocket science 'caus its NOT\LOL:D:D
Have ye ever considered useing volume color that matches the price color/easier to read + remember/comprehend??:caution::caution::caution::caution::caution::caution:,:caution::caution::caution:
Back to my charts with 50dma + 200 day moving averages........................................
 
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