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

[ProfLogic]

ProfLogic
Registered: May 2004
Posts: 4322

07-14-09 04:37 PM

928.25 will be the next critical Resistance since 904 was Breached. We are still in an area that a top will set in and this ovenight move up, so far, is on weakness.

http://www.elitetrader.com/vb/showthread.php?s=&postid=2502093#post2502093

Got to love it when I nail those live calls.

 

[MandelbrotSet]

Speaking of Live Calls, here's one where ProfLogic/Swineflu are having an interesting exchange.

It seems that Proflogic entered the trade, and then Swineflu moved the stop.

LOL, it reads funnier than Laurel and Hardy: :eek:

Quote from ProfLogic:

S @ 900.00
Stop @ 902.00

Link

Quote from SwineFlu:

readjust stop to 900.25

Link

One of the other traders even noticed that it was the same person, ROTFLMAO!

Quote from tstones:

?? same person? nice trade though.

Link

 

[MandelbrotSet]

Quote from ProfLogic:

Got to love it when I nail those live calls.

Yep, and it's even better when you ignore the ones that don't work!

Quote from ProfLogic:

Welcome.

I don't normally trade during luch but the 902 failure from the 904 overnight high was to nice to ignore.

I'm adding some size for a Swing short on the next major oscillation of Resistance.

Out on Intraday 889.50

Link

That means the trade you "added size to" is currently underwater by, what? 20pts! :eek:

 

[ProfLogic]

Quote from MandelbrotSet:

Speaking of Live Calls, here's one where ProfLogic/Swineflu are having an interesting exchange.

It seems that Proflogic entered the trade, and then Swineflu moved the stop.

Why not post the entire conversation between us?
Liar!
Always trying to start problems. Typical child.

 

[MandelbrotSet]

I guess the arguement for VOLUME being a definitive tool to assist one in their trading is as good as ... oh, flipping coins!

 

[MandelbrotSet]

Quote from ProfLogic:

Why not post the entire conversation between us?
Liar!
Always trying to start problems. Typical child.

Oh, you mean the "Who's on First" conversation where you pretended to be two different people?

Well, you're definitely schizophrenic, no doubt about that.
***
Schizophrenia (pronounced /ˌskɪtsɵˈfrɛniə/ or /ˌskɪtsɵˈfriːniə/), from the Greek roots skhizein (σχίζειν, "to split") and phrēn, phren- (φρήν, φρεν-; "mind")

...

 

[ProfLogic]

Quote from MandelbrotSet:

Oh, you mean the "Who's on First" conversation where you pretended to be two different people?

Well, you're definitely schizophrenic, no doubt about that.

Keep posting. I'll be posting links to your ES thread when you are done.
I already got 10 PMs from guys in that thread that already think you a complete joke, why not make the entire thread see you for the "assclown" you are.

 

[MandelbrotSet]

Quote from ProfLogic:

Keep posting. I'll be posting links to your ES thread when you are done.
I already got 10 PMs from guys in that thread that already think you a complete joke, why not make the entire thread see you for the "assclown" you are.

Bwahahaha.

You mean you're going to post links to the ES thread under your "ProfLogic" alias, not your "swineflu" alias? :eek:

ROTF

Later, SYBIL

 

[MandelbrotSet]

Quote from MandelbrotSet:

Yep, and it's even better when you ignore the ones that don't work!


Link

That means the trade you "added size to" is currently underwater by, what? 20pts! :eek:

LOL, no way am I taking that kinda heat on any of my calls ... :eek:

Wow, I guess those crapped volume bars that measure transactions and incorporate price physics into their analysis ... are pretty damn useless!

 

[ProfLogic]

Quote from MandelbrotSet:

LOL, no way am I taking that kinda heat on any of my calls ... :eek:

Wow, I guess those crapped volume bars that measure transactions and incorporate price physics into their analysis ... are pretty damn useless!

I posted that call on market reopen "ASSCLOWN", check the time stamp.