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Price/Volume Relationship
- Thread starter bluedemon77
- Start date
Quote from Tums:
Just because you don't know how to read the information does not mean the information is not there.
" When observing volume information, keep in mind that this represents the amount of professional activity and little else.", Tom Williams Master The Markets, p. 18.
Therefore, if you keep the volume constant there is no way to see changes in the amount of activity by the Professional Money. Volume Spread Analysis is a method of understand price movement by looking at what ultimately drives price-supply and demand. It is about reading a chart through price and volume. No time and sales, no Market Delta , just price and volume. Can it be used in conjunction with other things? Certainly.
But reading a chart requires volume, price and spread. I believe the term is Occam's razor: when two things are correct, the simplest answer tends to be the best.
Quote from ProfLogic:
I spent a few hours on Friday with 2 individuals that are considered two of the foremost authorities in their fields and are in charge of 3 of the largest funds in that field in the world. Both of these individuals are dual Ph.D.'s to my simple Masters. They are the epitome of what you call "Professional Money". The 3 of us played in the market and in 4 hours I was 6 for 6 in 3 markets they are considered experts in . . . they were 2 for 9 combined and dumbfounded at how I did it.
I am wide awake thank you and unlike you, my eyes and mind are wide open.
Please tell me where I said you are a poor trader that makes no real money in the market.
I know where I said that the Professional money to which I refer are NOT hedge fund or mutual fund manager. It was in the post you seem to only want to select a portion of.
Tell me again when I questioned your abiltiy as a trader. I don't believe VSA is the only way to make money in the market; just the best.
Quote from RedDuke:
I downloaded and used Multicharts for the last several days and had them side by side with E-signal. The diffreneces were very small. So, I guess E-signal also has correct volume bars as well. I'll continue observation.
This post and your prior one do not define the "smart money" trading.
Were you to use a screen set up that is designed to front run the smart money, you would see that there is always ample time to get in front of them and benefit from their decision making.
As you see from Prof's comments to others and his relationship to the pros, there are better ways to trade than the pros do. the frequency of trading is determined by how much of the portential is taken out of the market. Why not take all that is offered as it is offered?
Are you going to be at the NYC Trader'sExpo or the San Diego Trader'sExpo?
Quote from jack hershey:
This post and the prior one do not define the "smart money" trading.
Were you to use a screen set up that is designed to front run the smart money, you would see that there is always ample time to get in front of them and benefit fronm their decision making.
Are you going to be at the NYC Trader'sExpo or the San Diego Trader'sExpo?
For those that won't be able to make either, would you care to educate us?
Start with Spydertrader futures journal?
Quote from jack hershey:
This post and your prior one do not define the "smart money" trading.
Were you to use a screen set up that is designed to front run the smart money, you would see that there is always ample time to get in front of them and benefit from their decision making.
As you see from Prof's comments to others and his relationship to the pros, there are better ways to trade than the pros do. the frequency of trading is determined by how much of the portential is taken out of the market. Why not take all that is offered as it is offered?
Are you going to be at the NYC Trader'sExpo or the San Diego Trader'sExpo?
Hi Jack,
Yes, I will be at New York Expo on Saturday and Sunday. Any chance of meeting you there?
Thanks,
redduke
Quote from KPCURRENCY:
Please tell me where I said you are a poor trader that makes no real money in the market.
I know where I said that the Professional money to which I refer are NOT hedge fund or mutual fund manager. It was in the post you seem to only want to select a portion of.
Tell me again when I questioned your abiltiy as a trader. I don't believe VSA is the only way to make money in the market; just the best.
You didn't. You did say my tool was inferior having never used it, how I use it and that is a closedminded statement.
Great trading to you KP.
Prof,
I am not 100% everyday...i am not anything everyday...my system is consistently 86% 7:30 to 3:00..no thinking allowed...see the signals take the signals.....times mean nothing....except first 5 min of market open...nq only daytrading...it is totally mechanical...your friends proved my point...average guys learn it in 5 yrs...smart ones take ten...Mr. Marcus taught me some simple things that mean a lot...not to be discussed ......now, there is a trading genius, Mr. Marcus....brilliant beyond compare...I think you have to agree.
I am not 100% everyday...i am not anything everyday...my system is consistently 86% 7:30 to 3:00..no thinking allowed...see the signals take the signals.....times mean nothing....except first 5 min of market open...nq only daytrading...it is totally mechanical...your friends proved my point...average guys learn it in 5 yrs...smart ones take ten...Mr. Marcus taught me some simple things that mean a lot...not to be discussed ......now, there is a trading genius, Mr. Marcus....brilliant beyond compare...I think you have to agree.