Using T&S in the ES

[R. Raskolnikov]

Compared to what? The last bar? the previous up bar of increasing volume? The last up bar on the 30 min frame? 60 min? 5min? The most recent largest down volume bar?

Bro, we can ALL see what our charting software shows....its' HOW you structure price in a context and how volume is then applied to THAT context that makes volume so very key.

If you don't like or use volume, that's cool. Many ways to approach things. But when you DON'T really know HOW to use something, its better to preface with "in my opinion" or something along those lines.

Quote from flipflopper:

I'll give you a handy little shortcut....

If you see a large bar then you can assume volume has gone up!!!

A consistent little coincidence I've noticed after putting in my thousands of hours of trading.

 

[flipflopper]

Quote from R. Raskolnikov:

Compared to what? The last bar? the previous up bar of increasing volume? The last up bar on the 30 min frame? 60 min? 5min? The last, most recent largest down volume bar?

Bro, we can ALL see what our charting software shows....its' HOW you structure price in a context and how volume is then applied to THAT context that makes volume so very key.

If you don't like or use volume, that's cool. Many ways to approach things. But when you DON'T really know HOW to use something, its better to preface with "in my opinion" or something along those lines.

Fair enough...

In my opinion volume is a distraction and adds no value.

I can ask you the SAME question about volume!!! Compared to what?!?!

It depends on the primary time frame you use to enter trades!!! Jeez... Now I understand why trading is so confusing to so many.

 

[blokespot]

I've noticed that the majority of you have equated the T&S to volume.

However, the volume bars never tell you whether the volume shows high selling or buying.

Secondly, what are the significance of blocks? Do they indicate anything other than somebody big is buying/selling?

 

[R. Raskolnikov]

Since I USE volume in conjunction with price, you are asking me to reveal a 10+ yr working day trading approach which i won't do. The reason I posted that question to you was because you used the example that if a large range bar went up it was probably on increasing volume, which is probably true, however who said we only compare volume to the previous bar? Depending on how you compare bars it could actually be DECREASING volume (inside an overall trend). Also, not every bar is large range. There is a lot more to it than just large range bars. Plus, who said we have to ONLY use one trading fractal for entering trades off of??

The fact is, in anything really, if you don't know enough about something then you can't or shouldn't make definitive statements about its merit. That's all I'm saying you know.

Quote from flipflopper:

Fair enough...

In my opinion volume is a distraction and adds no value.

I can ask you the SAME question about volume!!! Compared to what?!?!

It depends on the primary time frame you use to enter trades!!! Jeez... Now I understand why trading is so confusing to so many.

 

[Lorenzo]

Try with:

Daily Cumulative AskVolume and BidVolume Difference Bars

Things are more clear...

http://www.sierrachart.com/supportboard/showthread.php?t=21854

 

[flipflopper]

Quote from R. Raskolnikov:

Since I USE volume in conjunction with price, you are asking me to reveal a 10+ yr working day trading approach which i won't do. The reason I posted that question to you was because you used the example that if a large range bar went up it was probably on increasing volume, which is probably true, however who said we only compare volume to the previous bar? Depending on how you compare bars it could actually be DECREASING volume (inside an overall trend). Also, not every bar is large range. There is a lot more to it than just large range bars. Plus, who said we have to ONLY use one trading fractal for entering trades off of??

The fact is, in anything really, if you don't know enough about something then you can't or shouldn't make definitive statements about its merit. That's all I'm saying you know.

It sounds like you have trading down to an exact science. Reveal no more... I think you've already said too much!!

<A HREF="http://smiliesftw.com"><IMG SRC="http://smiliesftw.com/x/msn_033.gif" border="0" ALT="SmiliesFTW.com"></A>

Congrats.

 

[enochbenjamin]

Quote from flipflopper:



If you see a large bar then you can assume volume has gone up!!!

not necessarily true - I specifically look for large bars on low volume. it shows little punks like me doing all the buying/selling. Any player with real volume will immediately crush a low volume bar.

 

[R. Raskolnikov]

After listening to you talk about what you think volume analysis entails, I haven't even begun to scratch the surface of revealing too much. You'd have to sit by me for days and days before I would have confidence a light bulb would brighten for you

But...I wish you success in your trading, regardless of what type you do

Quote from flipflopper:

It sounds like you have trading down to an exact science. Reveal no more... I think you've already said too much!!

<A HREF="http://smiliesftw.com"><IMG SRC="http://smiliesftw.com/x/msn_033.gif" border="0" ALT="SmiliesFTW.com"></A>

Congrats.

 

[Duder]

Quote from R. Raskolnikov:

Since I USE volume in conjunction with price, you are asking me to reveal a 10+ yr working day trading approach which i won't do. The reason I posted that question to you was because you used the example that if a large range bar went up it was probably on increasing volume, which is probably true, however who said we only compare volume to the previous bar? Depending on how you compare bars it could actually be DECREASING volume (inside an overall trend). Also, not every bar is large range. There is a lot more to it than just large range bars. Plus, who said we have to ONLY use one trading fractal for entering trades off of??

The fact is, in anything really, if you don't know enough about something then you can't or shouldn't make definitive statements about its merit. That's all I'm saying you know.

Does this sound like volume based candles?

 

[Duder]

Quote from R. Raskolnikov:

Since I USE volume in conjunction with price, you are asking me to reveal a 10+ yr working day trading approach which i won't do. The reason I posted that question to you was because you used the example that if a large range bar went up it was probably on increasing volume, which is probably true, however who said we only compare volume to the previous bar? Depending on how you compare bars it could actually be DECREASING volume (inside an overall trend). Also, not every bar is large range. There is a lot more to it than just large range bars. Plus, who said we have to ONLY use one trading fractal for entering trades off of??

The fact is, in anything really, if you don't know enough about something then you can't or shouldn't make definitive statements about its merit. That's all I'm saying you know.

sounds like using volume-based bars or candles?

How you're getting on by now? I just noticed I bumped this posting up from sort of archive in 2010 or so