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

[MandelbrotSet]

Quote from ProfLogic:

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

Wow!

Looks like someone can't deal with being deep underwater on their LIVE CALL. :eek:

Any minute now he's going to flip-out and swineflu is going to showup on this thread.

 

[ProfLogic]

Quote from MandelbrotSet:

Wow!

Looks like someone can't deal with being deep underwater on their LIVE CALL. :eek:

Any minute now he's going to flip-out and swineflu is going to showup on this thread.

That trade is long from 908.50 from 4:35 pm EDT yesterday. Look at the time stamp "asscown". Of course you wouldn't know that since you can't read a chart. Your commentary this morning shows that.

Where was your one lot trade today? Your 3 shorts worked out well I see.

Ask the mods whether I'm swineflu . . . oh, that's right you don't care. You simply prefer making unsubstantiated statements.

 

[MandelbrotSet]

Quote from ProfLogic:

That trade is long from 908.50 from 4:35 pm EDT yesterday. Look at the time stamp "asscown". Of course you wouldn't know that since you can't read a chart. Your commentary this morning shows that.

Still making execuses I see ... you have backpedalling down to an art.

Quote from ProfLogic:

Where was your one lot trade today? Your 3 shorts worked out well I see.

Sorry PaperLogic, but you're wrong again. I called for Long trades only today ...

Quote from ProfLogic:

Ask the mods whether I'm swineflu . . . oh, that's right you don't care. You simply prefer making unsubstantiated statements.

LOL, be for real.

Different ISPs (or even computers) are no proof of identify for nutjobs like you ... it's pretty obvious that you had forgotten which ID you were logged in under when talking about your trade ... thanks for that.

 

[ProfLogic]

Quote from MandelbrotSet:

Still making execuses I see ... you have backpedalling down to an art.
Sorry PaperLogic, but you're wrong again. I called for Long trades only today ...
LOL, be for real.

Different ISPs (or even computers) are no proof of identify for nutjobs like you ... it's pretty obvious that you had forgotten which ID you were logged in under when talking about your trade ... thanks for that.

You traded short today and you are a liar . . .
You have 8 alias and stay up till all hours posting trash because you have no life
You trash talk online because you're scared to do it in person
You average 11 posts a day which is PROOF you have no life
You are pathological
You have a job because you can't make a living trading
You refuse to trade LIVE and IN PERSON because YOU SIMPLY CAN"T AFFORD IT . . . & CAN'T TRADE!
You live in an apartment because you can't afford your own property
You don't own a car because you can't afford one of those either
You are a joke in the ES Journal thread because they all know you can't trade with ANY consistency

No one wants to be you . . . especially YOU!

 

[MandelbrotSet]

Quote from ProfLogic:

You traded short today and you are a liar . . .
You have 8 alias and stay up till all hours posting trash because you have no life
You trash talk online because you're scared to do it in person
You average 11 posts a day which is PROOF you have no life
You are pathological
You have a job because you can't make a living trading
You refuse to trade LIVE and IN PERSON because YOU SIMPLY CAN"T AFFORD IT . . . & CAN'T TRADE!
You live in an apartment because you can't afford your own property
You don't own a car because you can't afford one of those either
You are a joke in the ES Journal thread because they all know you can't trade with ANY consistency

No one wants to be you . . . especially YOU!

TILT! ... ah, you're so easy.

 

[ProfLogic]

Quote from MandelbrotSet:

TILT! ... ah, you're so easy.

You think I'm mad?

Wait till later this year . . . I don't get mad . . . I get even. It's way more fun. That guy in this forum you pissed off a few months ago got your number and I'm going to be there in the city when he gets his payback . . . with a video camera!

I'm looking forward to posting them on YouTube!! A picture is worth a thousand words but a video is worth a million! You've always wanted to be famous and this will be your shot.

 

[ARealGannTrader]

Quote from Xspurt:

I posted the following on B1S1 ES Journal and I'm posting it here for those following this thread. As B1S1 is swing trading so it's a daily chart and that's the last signal provided.

=============================================





I was asked to post an example of how volume can AT TIMES provide an edge over trading without volume.

(By "at times" I mean you must learn when a quality signal is presenting itself. Like all trading you learn to distinguish the good from the weak signals)

As B1S2 is swing trading I have taken an example of the daily chart for this bottom. There are a number of approaches that gave an expectation of a major reversal and a bull move but I am going to look specifically at volume to see how it reads.

The move that is enclosed within the "bubble" moves down from a minor reversal to the red bar low with the "X".

The question is, could we anticipate a STRONG reversal and buy the double bottom low? Or buy the break above the red 'X' bar expecting a run? Or is the market more likely to make new lows?

Moving within the "bubble" to the low the last 4 green bars all have increasing buying interest while the the red bars all have decreasing range but increasing volume.

You would expect increasing volume to increase the range of some of the bars under normal circumstances, but at the low the red with the highest volume is the smallest range of the last 3 red bars, it has big volume and all the red bars showed progressive range contraction with increasing volume.

However the smallest green has the biggest volume of the last 4 green bars and buying has consistently increased.

So we have a pressure point where the selling is increasing and the buying is increasing and range decreasing. This tends to be where Smart Money sell out to Dumb Money and buys at the lowest cost. It's called a Change of Hands.

The red "X" bar is the test. It didn't take out the low and selling is lower that the prior 4 selling days. If sellers were interested they would be likely to move the market down.

Volume is warning the whole emotion of the market is changing and it looked like buyers were going to run the market. It's a heads up on strong move before PA has signaled allowing aggressive trading at the lows with a tight stop.

Without volume of course you could still buy the lows, but without the same confidence or expectation of what probably lay ahead.

If you work back through all of these bars on this chart you will see the signals are consistent with this approach just as the next will be. There is nothing rigged - it's a classic signal.

Volume can AT TIMES add to the picture and provides quality information but you can trade without it and it takes time to learn all the moves.

There are absolutely times when volume does not add anything to the decision making process.

This is what is so funny!

Some of the non readers in this class keep acting as if volume is THE signal.

Volume is A signal.

The only thing a volume spike or trough is THE signal for is CHANGE.

It is then up to analyst to use other tools in the toolbox to ascertain whether that CHANGE is CONTINUATION or REVERSAL.

It is not rocket science. But it does take a lil bit of the ability to follow an algorithm.

Some people

 

[MandelbrotSet]

Quote from ProfLogic:

You think I'm mad?

Wait till later this year . . . I don't get mad . . . I get even. It's way more fun. That guy in this forum you pissed off a few months ago got your number and I'm going to be there in the city when he gets his payback . . . with a video camera!

Bwahahahah, spoken like the true psycho you are!

Quote from ProfLogic:

I'm looking forward to posting them on YouTube!! A picture is worth a thousand words but a video is worth a million! You've always wanted to be famous and this will be your shot.

Yes, I'm looking forward to being famous on YouTube also!!!

Bwahahahah.

 

[ProfLogic]

Quote from ARealGannTrader:

This is what is so funny!

It is not rocket science. But it does take a lil bit of the ability to follow an algorithm.

Some people

I respect Gann and his theories.
That being said his research and findings occurred 60 plus years before we had the ability to disseminate charts in other ways using computer technology. Do you not think that we COULD have progressed any in the last 60 plus years in our analysis of price?

 

[MandelbrotSet]

Wah, wah, wah ... poor little sucker, can't take being called out for the fake you are huh?

Speaking of pissing guys off on the forum ... here's [part of] a PM I got from one of Proflogic's fomer students.

Part I
***

Hi,

Just wanted to say I'm horrified how Prof is carrying on and on, completely destroying anything he comes in contact with. I've seen him in action and he gets defensive really easy. Here are a few facts you guys may not be aware. With the way he's carrying on, it just re-affirms how little credibility he has and how similar he is to the puretick guys

1. His claims to live trading in his classes. In reality all he does is walks through potential set-ups and helps identify triggers during market hours but at most, he only makes calls. Which is helpful in itself, but live trading it is not. Many have questioned, why call it Live Trading when it is not. And also, many have questioned why he doesn't make a single trade when he pretends it to be live trading. This is brazen and arrogant. For someone as pedantic as he, he should really call it live calls, but that wouldn't suit his purpose/ego.

2. Watch the video on his website.... ************.com. In it he claims that he INVENTED constant volume bars. Again, not something he can prove, but that's the way he likes it I guess. Now, I could care less if he did or didn't invent them, but it just affirms the brazen attitude.

3. His video also reaffirms the complete lack of objectivity and is just another example how little credibility they have. First, his good friend is the host... *** is apparently his lawyer buddy and student. Second his testimonials are conflicted and subject to massive bias. The first guy, *****, was/is his broker. The second guy, *****, is the seminar organiser for Singapore/Malaysia. No conflicts there right
***
LOL, sounds like a game of THREE CARD MONTY, if ever there was one!!! :eek: