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

[Thunderdog]

Quote from Xspurt:

Do you think volume trading means you take every signal all of the time?

Let me guess. Only the profitable ones?

 

[Xspurt]

Quote from ARealGannTrader:

Whats killing Tdog is what kills most traders when using indicators.

Most traders have trouble with differentiating between absolute and relative indicators.

If u treat a relative indicator as an absolute and vice versa, then u will b killed almost every time.

Again, volume is relative indicator folks

Correct. Relative meaning you usually read it with prior supply and demand relationships. Some signals are stand alone and these are the beginners signals.

But time and again I said this is a complex subject requiring 2 years hard study, and it's not infallible but if you see something of interest then you might like to pursue it.

 

[Xspurt]

Quote from Thunderdog:

Let me guess. Only the profitable ones?

No, no. You take 'em all. Then you can tell us all that candle signals are useless too.

 

[Thunderdog]

Quote from Xspurt:

...it's not infallible...

Quote from Xspurt:

...And if you need Money Management to make your trade work, then there are problems with your entries, exits and holds.

 

[Xspurt]

Sorry if that disappoints you. I am sure you'll find infallible methods elsewhere on ET.

If you don't understand that the more lax your entries and exits are the more you need money management to give you a profit or save your bacon, that will be another mystery to you.

 

[jjf]

Quote from ARealGannTrader:

Whats killing Tdog is what kills most traders when using indicators.

Most traders have trouble with differentiating between absolute and relative indicators.

If u treat a relative indicator as an absolute and vice versa, then u will b killed almost every time.

Again, volume is relative indicator folks

Please give examples of absolute indicators

jjf

 

[Thunderdog]

Quote from Xspurt:

...If you don't understand that the more lax your entries and exits are the more you need money management to give you a profit or save your bacon, that will be another mystery to you.

Quote from Xspurt:

...And if you need Money Management to make your trade work, then there are problems with your entries, exits and holds.

The implication being that YOU don't need money management since you spent the requisite 2 years in volume college?

 

[Redneck]

Quote from jjf:

Please give examples of absolute indicators

jjf

Ummmm - My P&L

RN

 

[jjf]

Quote from Redneck trader:

Ummmm - My P&L

RN

"absolute"

So you can't tell if your mythical P&L is + or -ve.

Were you borne stupid or did you train for it.

jjf

 

[Redneck]

Quote from jjf:

"absolute"

So you can't tell if your mythical P&L is + or -ve.

Were you borne stupid or did you train for it.

jjf

Good trading to you as well Sir

RN