Volume--- how to use it and WHY

Quote from David Hume:

Jprad, add to your cosmology events in parallel universes where options, futures, and futures options on other instruments cause ephemeral market order haints and boojums to appear in your own universe. These can have nothing whatever to do with current price action where you stand.
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Each market is it's own universe and may contain one or more derivative universes that can influence the forces of supply and demand across them to a greater or lesser extent.

Supply and demand...
 
Quote from David Hume:

We may be looking at different instruments because what I trade moves like clockwork, albeit a cuckoo clock, or more properly an orrery made of sharp knives.
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Maybe, my computers and I currently monitor 1478 instruments in multiple volume amounts and each move methodically and uneffected by time.
 
Thank you for the affirmation! I do so love it when other people don't see what I see! I am guessing that your orrery is Copernican. Mine is Ptolemaic.
 
There appear be (at least) three different versions of volume currently being discussed on this thread:

1. Volume as a measurement of the number of transactions, taken as a subset of Time.

2. Volume as a measurement of the number of contracts traded, irrespecitve of any measurement of Time.

3. Price as a measurement over Time, irrespecitve of any measurement of Volume.

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No matter how you look at it, price was moving down this morning and it was easy enough to see the selling pressure, no matter what type of chart one uses to make trading decisions.

So the best way to decide what works for you is to pull a chart up on your screen and start trading it.

Good trading
 
Quote from David Hume:

Thank you for the affirmation! I do so love it when other people don't see what I see! I am guessing that your orrery is Copernican. Mine is Ptolemaic.
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I would say that is a huge difference.
I've never been to space but I'm relatively comfortable stating that the earth isn't the center of the universe and the sun doesn't revolve around the earth.
That and the fact that I share my charts to show others what I see. I don't mind the criticism when people base their opinions on facts.
Post a chart and show us what you see.
 
Quote from David Hume:

Thank you for the affirmation! I do so love it when other people don't see what I see! I am guessing that your orrery is Copernican. Mine is Ptolemaic.
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Now you're just being redundant.

You made it clear that you were in love with yourself several posts ago.
 
Quote from MandelbrotSet:

So the best way to decide what works for you is to pull a chart up on your screen and start trading it.

Good trading
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Today was a reasonably clear for anyone trading. Other than a bit of consolidation today around lunch EDT, the ES has been consistently down since yesterday at lunch.
What's the challenge is to read price successfully over larger consolidating moves in the markets or on days where you don't have extended moves in one direction or another.
 
Quote from ProfLogic:

..Post a chart and show us what you see.
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he can see but you can't. (his chart was thumbnail size and of very low resolution).
 
I dunno.. I've been doing some work on the relationship between accum dist, volume and price. I'll check but I'm fairly certain that volume bars will not show this relationship at all...

edit: I really don't think that volume bars close the loop around anything, they might be useful in some sort of cycle detection.

Here's an oddity, NRID breaks happen when the volume signals are not coherent, that gives me an extra half dozen scalps today on top of 18 from the PV signals [YM 5 minute bars]. I love it when setups don't overlap...

I'm not going to enter into the religious wars further her on ET.. I have a strong enough love-hate going with the markets as it is...
 
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