Volume analysis is to be discarded as it is "too much information"

[Specterx]

Quote from stevesbg:

The fashion for retail traders these days is price action....like most fashions it doesn't really have a lot of substance.

...

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....

How is what you described here not price action?

 

[MandelbrotSet]

Quote from Equalizer:

Why is it that when I hear "FrothLogic" I think of the words "Pathological Liar, Fraud, Crook, BS artist..."? I wonder?

LOL

Wasn't he going over to TradersLab to pimp his wares?

I guess they aren't going to put-up with any of his nonesense over there.

Have a great trading week Equalizer (we all know what FrothLogic will be doing) ....

 

[Equalizer]

Hee hee hee..., so true.

You have a good one too MandelbrotSet.

 

[ProfLogic]

Quote from MandelbrotSet:

LOL

Wasn't he going over to TradersLab to pimp his wares?

I guess they aren't going to put-up with any of his nonesense over there.

Have a great trading week Equalizer (we all know what FrothLogic will be doing) ....

Hey James, keep up the great trading. We are all overly impressed with you achieving "11 post per day" status and having 8 loosing weeks in a row.

 

[StevenBruce]

Quote from Specterx:

How is what you described here not price action?

Sure....thats price action

And if thats all you need...great go for it.

 

[MandelbrotSet]

Quote from ProfLogic:

Hey James, keep up the great trading. We are all overly impressed with you achieving "11 post per day" status and having 8 loosing weeks in a row.

Ah I see you’ve continued your propensity for … telling tall tales and gross exaggerations, eh Bill?

1. I’ve been making the calls for about 2 and ½ weeks now, not two months … and
2. my Live Call are currently at breakeven, not in the loss column.

But, hey, I’m glad to hear you’re enjoying the Calls I’m making … because the last Call you made, you were looking for weakness and a downturn Link … right before a massive 100 pts run! … bwahahahahah

Whatever you do, please don’t go to Traderslab or another website, if you did that, we wouldn’t have anyone to show us how to use Crapped-Volume Bars and Price Physics to make … Crappy Calls! :eek:

P.S. It took you 15 years to develop your trading skills to this level?

LOL

 

[Buy1Sell2]

Price and a few scant indicators will give you all the information that you need to trade successfully. The addition of subjective, irrelevant volume analysis is unnecessary. Volume and price have no definitive correlation to each other and volume analysis should be discarded. --Ishmael

 

[Xspurt]

Quote from Buy1Sell2:

Price and a few scant indicators will give you all the information that you need to trade successfully. The addition of subjective, irrelevant volume analysis is unnecessary. Volume and price have no definitive correlation to each other and volume analysis should be discarded. --Ishmael

Indicators? A few indicators? Little wonder you think volume is too much information. Nah indicators are way too subjective and overloading you with far too much information.

All you need is PA plus the only thing that drives it - buyers and sellers

Your horse is well dead - time to stop the flogging (look at the vote )

 

[Buy1Sell2]

When a trader starts using volume studies, they are crossing into the area of "why" analysis. Keep in mind , the "why" doesn't matter, it's the price that does.--Izzy

 

[jjf]

Quote from Buy1Sell2:

When a trader starts using volume studies, they are crossing into the area of "why" analysis. Keep in mind , the "why" doesn't matter, it's the price that does.--Izzy

You are dead wrong. In fact you couldn't be more wrong if you really tried.

The problem with your statement is that it is limited by the extent of your knowledge, or lack of it.
jjf