Trading using with candlesticks only and nothing else

EsKiller said:
good, remain skeptical as I take your money when volume is giving me the clues I need. Of course it doesn't work every time. With all good trading, you need to know when it works
More...
In fact price movement sometime move very dynamic and unpredictable, might we already trying to analyze based on price action and pattern market, but not always will work well all the time, in my view this is also about possibility
 
radex78 said:
In fact price movement sometime move very dynamic and unpredictable, might we already trying to analyze based on price action and pattern market, but not always will work well all the time, in my view this is also about possibility
More...


If you are trading a market like ES in first hour or two where volume is heaviest and you still say price is unpredictable than you haven't put in enough work to the study of price. Hands down. There's nothing else to it.
 
Xela said:
Very much so.

Bob Volman is another who does essentially the same thing, and one of his two main books is exclusively about trading 5-minute candlestick PA (he also uses a 20-period EMA in his own trading).

Brooks and Volman have kind of "got it covered", between them, for "learning overview purposes", for price action.
More...
Read Volman's first book. A valuable piece of PA info. I traded a few emails with him ... a nice guy as well. NoDoji once said she wished she had read Volman first and I agree 100% with that sentiment.
 
Swan Noir said:
Read Volman's first book. A valuable piece of PA info. I traded a few emails with him ... a nice guy as well. NoDoji once said she wished she had read Volman first and I agree 100% with that sentiment.
More...
Seems so good book about naked chart analysis, where to get it?

In trading without indicator I am learn only about demand and supply theory, but not yet having good understanding
 
EsKiller said:
You need volume. Knowing whether volume is increasing or decreasing into new highs and whether demand or supply is decreasing in accumulation / distribution areas is critical to being able to navigate price action properly
More...

Just to play the devil's advocate here, if you really could simplify the relation between volume and volatility the way you describe, could it not be arbitraged away?

The relationship between volume and price fluctuation/volatility is poorly understood, and is in fact actively debated in trading as well as academic circles AFAIK. There are a few systematic studies in this area but even they are inconclusive or speculative at best, or have been contradicted by more recent studies. 'Stock Prices and Volume' research paper by Gallant, Rossi et al. is a good starting point for those interested in this topic. Old but still gold.
 
ndtrader14a said:
Just to play the devil's advocate here, if you really could simplify the relation between volume and volatility the way you describe, could it not be arbitraged away?

The relationship between volume and price fluctuation/volatility is poorly understood, and is in fact actively debated in trading as well as academic circles AFAIK. There are a few systematic studies in this area but even they are inconclusive or speculative at best, or have been contradicted by more recent studies. 'Stock Prices and Volume' research paper by Gallant, Rossi et al. is a good starting point for those interested in this topic. Old but still gold.
More...

There is a clear correlation between Volatility and Volume.
That's why as an intraday trader I tend to trade event-driven.
Because I know that usually if there is volume, there is volatility.
That means I want play the open or events accompanied with volume.
However I have not found yet that volume helps to forecast prices.
And I know that volume is not the only variable for volatility.
It's only half the equation, the other half being: Liquidity.
But don't mistake Volatility plays for Directional ones.

If you break down volume into orderflow,
Some claim persistence of its sign over a short period of time.

Intraday I've also observed a relation between Volume and Phases.
But it's less empirical and more of an art currently, at this stage.
High vol being the relay from buyers to sellers & vice versa.
I believe there are waves of buying as well as selling.
Volume could shows the transition between them.
 
Last edited:
Xela said:
This (legitimate, not pirate) website contains more information, and a link to download free excerpts of the book in PDF format: https://upabook.wordpress.com/
More...
THankyou for linked source, very useful for learning about naked chart analysis, although only get free eexcerpts but giving more insight, but required time to reading all article
 
radex78 said:
Seems so good book about naked chart analysis, where to get it?

In trading without indicator I am learn only about demand and supply theory, but not yet having good understanding
More...
Amazon like almost every other book in the world. Punch in Volman. I think his first name is Bob or Robert but not 100% sure.
 
Swan Noir said:
Amazon like almost every other book in the world. Punch in Volman. I think his first name is Bob or Robert but not 100% sure.
More...
I am never buying on amazon, it will good if can get free ebook.
I am like with free source
 
You must log in or register to reply here.
Back
Top