hell yeah i do i bring emotion and passion in everything that i do.. do not believe the bullshit about not gettting emotional when you trade.. if you won the lottery would you get emotional.. i bet yes .. so when i take your baby's college fund in 3 days with a 10 lot in Crude.. believe me .. I am ecstatic.. lol.. you and landis 82 ae both loser traders.
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Volume analysis is to be discarded as it is "too much information"
- Thread starter Buy1Sell2
- Start date
You want to learn to walk before you run. This is where you start - out in the monthly charts and working down to daily if you are EoD trading OR continue to build on your learning by reducing intraday time frames. Only when you have a sloid understanding then go into the premarket.
Here is Todd talking about the current monthly volume analysis. You can get these free weekly training tips and build up enough knowledge to see if volume helps your style of trading by reading inside the bars.
http://lib.store.yahoo.net/lib/yhst-77738661408691/TCVN071709.html
Here is Todd talking about the current monthly volume analysis. You can get these free weekly training tips and build up enough knowledge to see if volume helps your style of trading by reading inside the bars.
http://lib.store.yahoo.net/lib/yhst-77738661408691/TCVN071709.html
Quote from Xspurt:
You want to learn to walk before you run. This is where you start - out in the monthly charts and working down to daily if you are EoD trading OR continue to build on your learning by reducing intraday time frames. Only when you have a sloid understanding then go into the premarket.
Here is Todd talking about the current monthly volume analysis. You can get these free weekly training tips and build up enough knowledge to see if volume helps your style of trading by reading inside the bars.
http://lib.store.yahoo.net/lib/yhst-77738661408691/TCVN071709.html
Xspurt
Thanks for the link, I haven't listened to Todd in ages.
Someone told me a while back that he had started out on his own.
In the video, he went from daily to monthly bars because he felt the weekly bars were not definitive (his wording, not mine)
That is an area where we differ, as I believe everything tells a story and I omit nothing.
I went down the VSA path some years ago but found over time that I was relying upon my multiple frame bar analysis more and more and the volume less and less and so it faded out.
However I like to re-address these things from time to time because there are very smart people around who are way ahead of me.
Generally speaking I find that if people read more into my posts than exists, then that is who they are in all aspects of their lives.
Thanks for your responses, I am all done here with this thread.
jjf
Quote from jjf:
Xspurt
In the video, he went from daily to monthly bars because he felt the weekly bars were not definitive (his wording, not mine)
That is an area where we differ, as I believe everything tells a story and I omit nothing.
jjf
Just for the benefit of any readers Todd goes right down to the 1 min bars and believes everything tells a story.
This is a specific case of asking does the monthly reveal something that the weekly does not rather than a case of saying the weekly is not definitive.
The reason for multiple time frames is to build up a composite picture but within that overall view some time frames may not be so clear but the overall picture is obvious.
Quote from Xspurt:
Just for the benefit of any readers Todd goes right down to the 1 min bars and believes everything tells a story.
This is a specific case of asking does the monthly reveal something that the weekly does not rather than a case of saying the weekly is not definitive.
The reason for multiple time frames is to build up a composite picture but within that overall view some time frames may not be so clear but the overall picture is obvious.
As I said, I omit nothing. That is why I was surprized when Todd said the weekly was not definitive, as it meant a great deal to me,
jjf
you will never make i trading if yo are still searching for something definitive!!!!!!!!!!!!!!!! LOL.. the only thing difinitive is positions sizing.. that is all you can control... dialing down to 1 min or 1sec bars only is needed if you are trying to scalp which is a great losing strategy. I am now donw with this post as well.
Hey
Done for the day. Thought I would check you folks out again, and as one might anticipate you are still beating that same horse.
What occurs to me to say is the following;
The fashion for retail traders these days is price action....like most fashions it doesn't really have a lot of substance. Next is "patterns" dojis, spinning tops, engulfing patterns, higher highs, lower lows blah blah....and like everything else it works for a while and then it doesn't. At the bottom of the queue are indicators, and the problem there is that most of you can't be bothered to really learn how they work, and what the limitations are...so they "work" for a while and then you are screwed again.
"Volume" is like anything else. Its how you process it that counts and again most don't take the time to really understand the basis, which is supply/demand. To illustrate, when the initiatiating buyer meets the responsive seller, do you know how to tell when it happens, and how to take advantage? Probably not...so again you guys argue over who is right and who is wrong. Frankly I haven't seen anyone here get it right although there are a lot of profound statements and the usual bluster from pros who say they have a secret or two to deliver...hah
Well,
There's no friggin secret...its simple supply vs demand....For you retail traders the EASIEST way to see it is to simply put in your support and resistance lines on a longer time frame chart. Then the challenge is to learn to trade the tests of S and R....
For folks who want to go a step further you can head over to Market Delta and learn to use their charts, or you can learn to program an Excel spreadsheet (or get a professional to do it for you) and then you can SEE the initiative buyer meet the responsive seller for your self. After you see it enough it becomes clear and you are on your way...
Other alternatives include setting up your Linnsoft charts to use the Volume Breakdown tools.
Finally, to make a dime with this you have to have a context
Specifically you have to know how the big players think about the day BEFORE it begins. For instance, in an up market (we ARE in an up market), when we get a pullback, ask yourself "can a fund manager afford not to buy this market on a pullback thus missing a significant move up.....? Can a big speculator afford to miss a move because he didn't act when it pulled back? Come into the market with an accurate concept and you have a way of framing your actions.
Learn to read supply & demand and you will know WHEN to act
ADD risk management and discipline and you have a system.
Figure it out for yourself instead of bullshiting each other here on this site....lol
Seeya
Done for the day. Thought I would check you folks out again, and as one might anticipate you are still beating that same horse.
What occurs to me to say is the following;
The fashion for retail traders these days is price action....like most fashions it doesn't really have a lot of substance. Next is "patterns" dojis, spinning tops, engulfing patterns, higher highs, lower lows blah blah....and like everything else it works for a while and then it doesn't. At the bottom of the queue are indicators, and the problem there is that most of you can't be bothered to really learn how they work, and what the limitations are...so they "work" for a while and then you are screwed again.
"Volume" is like anything else. Its how you process it that counts and again most don't take the time to really understand the basis, which is supply/demand. To illustrate, when the initiatiating buyer meets the responsive seller, do you know how to tell when it happens, and how to take advantage? Probably not...so again you guys argue over who is right and who is wrong. Frankly I haven't seen anyone here get it right although there are a lot of profound statements and the usual bluster from pros who say they have a secret or two to deliver...hah
Well,
There's no friggin secret...its simple supply vs demand....For you retail traders the EASIEST way to see it is to simply put in your support and resistance lines on a longer time frame chart. Then the challenge is to learn to trade the tests of S and R....
For folks who want to go a step further you can head over to Market Delta and learn to use their charts, or you can learn to program an Excel spreadsheet (or get a professional to do it for you) and then you can SEE the initiative buyer meet the responsive seller for your self. After you see it enough it becomes clear and you are on your way...
Other alternatives include setting up your Linnsoft charts to use the Volume Breakdown tools.
Finally, to make a dime with this you have to have a context
Specifically you have to know how the big players think about the day BEFORE it begins. For instance, in an up market (we ARE in an up market), when we get a pullback, ask yourself "can a fund manager afford not to buy this market on a pullback thus missing a significant move up.....? Can a big speculator afford to miss a move because he didn't act when it pulled back? Come into the market with an accurate concept and you have a way of framing your actions.
Learn to read supply & demand and you will know WHEN to act
ADD risk management and discipline and you have a system.
Figure it out for yourself instead of bullshiting each other here on this site....lol
Seeya
Quote from stevesbg:
Hey
Done for the day. Thought I would check you folks out again, and as one might anticipate you are still beating that same horse.
---------------------------------
Figure it out for yourself instead of bullshiting each other here on this site....lol
Seeya
Steve,
I don't offer any opinion on trading unless I can see an advantage to me in doing so.
I couldn't help but notice that you have posted the very thing that you have just criticized this thread for. (see your comment above)
Does this mean that you do not believe in yourself. It certainly appears so.
Perhaps this is something that you may want to tidy up in the future.
jjf