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

[Xspurt]

Quote from jjf:

Can someone else who believes in volume (51.45% of poll) help me out here please.

Seems like Xspurt has gone all quiet on me.

jjf

Lol - it's what - about an hour since I posted?

To answer your question in detail is impossible here as I previously wrote and that's why I have posted free resources. That will allow you to learn enough to decide it if it something that works for you, but it does require considerable time and effort.

To be more specific re. Globex and Premarket trading you need to compare like with like. In other words you are going to be comparing the volume signals in that period when the volume bars are much shorter with similar sized bars in that time period.

The same goes for the lunch period when the volume dies off and signals are more subtle. But in order to train your eye you need to begin with RTH and not try to run before you can walk.

 

[limitupmike]

open a chart .. 1 minute time frame will do.. if you can dial in even more say liek every 225 or 30s with a OHLC bar this would be even better but it is clearly recognizable on a 1 min. look for the super low or no volume (volume bars). Now look at the price move 1-2 minutes after that.. ny movement i mean the price range of the (value bars) not the volume bars... anyway the moves will be much larger range than average becasue it is easy to move the rock(price) when there is little or no volume.
use stops to open positions above and below the super low volume bars and let the momentum get you in.. let the market decide for you. obviously oco ORDER IS A MUST (ONE CANCELS OTHER)

 

[jjf]

Quote from limitupmike:

well jjf it is pretty simple really and it takes a nice bank roll...
think of the futures or stock market as an object with mass.. say like a rock.

think of volume as the wieght of the rock. When volume is LOW .. one person or a few can move the rock (price). When volume is high it takes lots and lots of people to move the rock.. guess what everyone watching the rock move wants to know where it is going so they can help move the rock in the right direction..
here is what you can do.... when there is low volume you buy or sell against which way the market is really suppossed to move! i.e. against the trend! you can do this in low volume times if you ahve the bank roll.. not in es but in some low priced stocks...
you get some short term followers to follow you.. they buy with you (assuming real trend is down). you have now artificially moved the rock in the wrong direction and some people want to help you move it.. as soon as the helpers are in you slam it back to where you started and then some...down down down.. many other guys watching you will know what you are up too and they will sell with you as you reverse with 2 or 3 x the original volume.. happens all the time .. why do you think afterhours trading can be so lucrative.. why can crude be up a buck overnight then down 2 bucks during the normal trading hours.. yup you guessed it... a bunch of guys throwing rocks!..lol thats how it is done my friend. Problem is it is not scaleable. You can get rich doing it, but it is a lot of work.

many large traders .. i.e. hedge funds will sell and sell and sell when all they relly want to do is buy and buy and buy.. all the selling later offsets the true intent of buying so they do not move the market higher...duh if you do nto understand these simple concepts then you better tell mommy you won't be able to pay her back in this lifetime.

Did I get this right.
You answered my question concerning ES with a recommendation for me not to apply the answer to ES.

jjf

 

[limitupmike]

dum bass if you have the bank roll to throw 1000 lots arouond in the es then you can apply this to the es.. you most likely need to stick to ultra penny stocks.. like say 1/10th of a cent ro go trade in zimbabwe.. i gave you more knowledge in that answer i gave you than you will ever get from any book or years of trading.. but now i see how ignorant you are... anything you learn in trading can be applied to anything that trades..geez.. call your mom because i think your diaper is dirty.. i can smell it over the internet.

in closing... jjf you are dumb as a rock..lol there is LOW volume at lunch and overnight that is why you are seeing these "positioning" moves in the es.. in reality they are not positioning moves.. they are moves for suckers like you... cuz its easy to move the market during those times.. you got it .. jerky!

 

[jjf]

Quote from Xspurt:



To be more specific re. Globex and Premarket trading you need to compare like with like. In other words you are going to be comparing the volume signals in that period when the volume bars are much shorter with similar sized bars in that time period.

The same goes for the lunch period when the volume dies off and signals are more subtle. But in order to train your eye you need to begin with RTH and not try to run before you can walk.

Have you ever tried comparing like with like at ES pre open and lunch break.

jjf

 

[limitupmike]

ok ok.. my last post i promise.. train your eye? jjf are you a pirate you only have one eye? lmao! seriously make sure you do not blink while training your eye because you could miss a whopping tick in the es with a 1 lot or a 1 cent move on a stock.. lol...


VOLUME ONLY gives a TELL whne there is unusually low volum eor unusually high volume.. especially in stock options.. this shows interest or no interest at certain price level ragnes.. this is the most ridiculous place i have ever found on the net.. it is great for me to blow off steam.. since my positions.. are all doing just fine...

 

[Xspurt]

Quote from jjf:

Have you ever tried comparing like with like at ES pre open and lunch break.

jjf

I take it that's the depth of your analysis without reading up on the resources I gave you? Is that how you intend to progress?

I've only been trading 25 years so I might have tried it, like a few times

Seriously, as I have repeated, if you want a fast fix don't try this. If you want to learn advanced recognition try learning the signals in the busy period first. You are working ass about face.

The Pre Open is often the most lucrative time to trade and you can identify if the strong hands are in the market. If so they dictate the trend that is later called a strong open.

 

[jjf]

Quote from Xspurt:

I take it that's the depth of your analysis without reading up on the resources I gave you? Is that how you intend to progress?

I've only been trading 25 years so I might have tried it, like a few times

Seriously, as I have repeated, if you want a fast fix don't try this. If you want to learn advanced recognition try learning the signals in the busy period first. You are working ass about face.

The Pre Open is often the most lucrative time to trade and you can identify if the strong hands are in the market. If so they dictate the trend that is later called a strong open.

A simple yes or no would have covered it.

jjf

 

[Xspurt]

Quote from jjf:

A simple yes or no would have covered it.

jjf

No it wouldn't. You asked me how to handle the pre opening. I told you. Then you ask me if I have ever tried what I told you to do.

You are asking for the answer you got and you need to know you are trying the hardest part first.

 

[jjf]

Quote from limitupmike:

dum bass if you have the bank roll to throw 1000 lots arouond in the es then you can apply this to the es.. you most likely need to stick to ultra penny stocks.. like say 1/10th of a cent ro go trade in zimbabwe.. i gave you more knowledge in that answer i gave you than you will ever get from any book or years of trading.. but now i see how ignorant you are... anything you learn in trading can be applied to anything that trades..geez.. call your mom because i think your diaper is dirty.. i can smell it over the internet.

in closing... jjf you are dumb as a rock..lol there is LOW volume at lunch and overnight that is why you are seeing these "positioning" moves in the es.. in reality they are not positioning moves.. they are moves for suckers like you... cuz its easy to move the market during those times.. you got it .. jerky!

I see you believe in bringing a lot of emotion to your trading efforts

jjf