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

[MandelbrotSet]

Quote from teasinggtara:

LOL. I was going to post this before you posted B1S2.

B1S2 is correct in his statement.

Traders who claims to use volume in their trading won't post their live calls ... and when they do, they won't take responsibility for their losses, as it wold repudiate their assertions of claiming superior performance by using volume.

The old "perfect chart" syndrome at its worst.

 

[ARealGannTrader]

Quote from jjf:

What has "making money" got to do with this thread.

Either the use of volume gives a trader an enormous boost in earnings or it doesn't.
Same thing applies to all analysis as Traders will tell you.

jjf

Actually, what gives an enomous boost to earnings is the skillfull application of contracts to an existing trend.

All indicators are methods to identify a trend and gauge it's age so one may measure risk appropriately.

 

[jjf]

Quote from MandelbrotSet:

B1S2 is correct in his statement.

Traders who claims to use volume in their trading won't post their live calls ... and when they do, they won't take responsibility for their losses, as it wold repudiate their assertions of claiming superior performance by using volume.

The old "perfect chart" syndrome at its worst.

Quote from MandelbrotSet:

LOL

jjf
When Redneck called-you-out for talking shit about his trading account, you went and hid in the fucking corner. Now that he's done with you, you can't wait to log back on to ET and start talking shit again.

MandelbrotSet
---------------------------------------
You seem to have a tendency to swing all over the place.

One minute you are the self appointed head of a self confessed volume trader's fan cub and now you state that volume traders wont take responsibility or post live calls.

God knows who you will be tomorrow.
Compared to following you, trading ES is easy.

jjf

 

[MandelbrotSet]

Quote from jjf:

MandelbrotSet
---------------------------------------
You seem to have a tendency to swing all over the place.

One minute you are the self appointed head of a self confessed volume trader's fan cub.

Nah wimp.

My relationship with RN has nothing to do with his using volume to trade. It's based on (i) our previous communications, (ii) the fact he's a standup guy on an internet board full of multi-alias posters, frauds and liars, and (iii) the fact that he called you on your trash talking and made you go hide in the corner ... on an internet forum, of all places, ROTFLMAO!

... and everybody saw it.

Quote from jjf:

and now you state that volume traders wont take responsibility or post live calls

God knows who you will be tomorrow.
Compared to following you, trading ES is easy.

jjf

RN isn't a "volume trader" .. RN is RN, haven't you figured that out by now?

Later wimp

 

[jjf]

Quote from MandelbrotSet:



RN isn't a "volume trader" .. RN is RN, haven't you figured that out by now?

I know that it is not my business, but you have piqued my curiosity and that of many others as well.
"Are you and RN sharing a room at night?"

jjf

PS: I should add that in your case it would only be perfectly natural to issue an indignant and somewhat hysterical response, slightly drizzled with a touch of stupidity.
It seems that an awful lot of people are resorting to this these days.

 

[Redneck]

Quote from jjf:

I know that it is not my business, but you have piqued my curiosity and that of many others as well.
"Are you and RN sharing a room at night?"

jjf

PS: I should add that in your case it would only be perfectly natural to issue an indignant and somewhat hysterical response, slightly drizzled with a touch of stupidity.
It seems that an awful lot of people are resorting to this these days.

Talk about blatantly ingoring the obvious

You may want to take a "long" look in a mirror

RN

 

[Redneck]

Quote from MandelbrotSet:

RN isn't a "volume trader" .. RN is RN, haven't you figured that out by now?

Thank You Sir

 

[DrPepper]

Volume always seemed confusing to me until I discovered VSA (volume spread analysis). Now I find volume to be very helpful.

I initially found out about VSA during a free trial at Advanced Trading Workshop (ATW). There are 2 free videos on the website describing a few of the best VSA patterns. However, you have to register for a free 30 day trial to watch the videos. There is also an excellent MACD divergence video that can be viewed without registering, if you are interested:

http://advancedtradingworkshop.com/Freebies/tabid/98/Default.aspx.

I learned a lot during the free ATW trial, even though I did not sign up for the full course. Once I understood the basics of VSA, I purchased the original book on VSA called "Master the Markets". It can be purchased as an e-book for $9.95:

http://tradeguider.com/m90_checkout/Cust_Product_Books.aspx

The book is well written, but very detailed. It really helped to watch the ATW videos first to get the big picture and to understand a few of the most important VSA patterns.

I have read a lot about volume and have listened to several speakers in an attempt to understand it. VSA is the most helpful approach to understanding and using volume that I have found.

Of course, volume alone is no more important than trend, momentum, etc. But when a volume signal lines up with your other indications for a trade, it further improves the probability of a successful trade.

I am not a client of and am not endorsing ATW or TradeGuider, although I learned quite a lot for free from both organizations.

 

[Buy1Sell2]

Quote from DrPepper:



Of course, volume alone is no more important than trend, momentum, etc. But when a volume signal lines up with your other indications for a trade, it further improves the probability of a successful trade.

And when it doesn't line up and you watch the train leave the station, then what? Adding volume analysis results in having subjective variables in the equation.

 

[ProfLogic]

Quote from Buy1Sell2:

And when it doesn't line up and you watch the train leave the station, then what? Adding volume analysis results in having too many subjective variables in the equation.

So what if it was possible to eliminate the subjectiveness and the variables of using volume on a chart. Would you entertain the opportunity to test it?