Volume--- how to use it and WHY

[jprad]

Quote from MandelbrotSet:

The reason the moving average is worthless on your charts is because they are created using an artifiicial 7x7x7x7x7x7x7 rule, regarless of the indice traded.

Artificial? What a crock! Every method of chart construction is artificial.

Whereas the correct way to construct them would be to analyze the amount of volume that a market has on average, break that volume down by the number of (wait for it ...) minutes traded per session, and then use that value to construct your constant volume bars, which you would be using in lieu of constant time bars.

Yeah, back when I was still wet behind the ears I thought that very same calculation was a pretty spiffy way to come up with a bar size for CVBs.

Then, once you've been actually using them a while you realize that it's more important to use a value that can handle markets a couple standard deviations above the mean so that you don't get sucked into a dull, slow trading market.

P.S. The readers are welcome, there's no need to thank me.

Well, if there has to be at least one person in this world who thinks you're great, it may as well be you...

 

[MandelbrotSet]

Quote from ProfLogic:

You on the other hand are part-time actor, part-time waiter, part-time busboy and a one lot trader that is absolutely enraged that someone could possibly know a bit more than you. You hide in the internet making snide remarks about people that you have never met nor know anything about. You lie about them and shrug it off as being inconsequential. You could be an asset to your community but prefer to play the "whiner" card. You are a product of your environment.

Ooops looks like the good Professor is about to go into "I'm blowing a fuse" mode. :eek:

Don't take it so seriously Prof.

Like I've stated previously, if your charts where such wonders of trading and such a boon to the trading world, more people would use them, and frankly it wouldn't matter what other people thought, the proof would be in the extraordinary amounts of money your system made, the ability (and ease) to make Live Calls, and a willingness to show your blotters to the good people here on ET who you seem to want to impress so much.

But we have not seen very much (if any) of the above from either you or the other GURU (one jack hershey and his sychopantic followers), so obviously, neither of you have as much faith in your "wonderful" method as you would like others to believe. :eek:

***

Regarding being a part-time waiter/actor/etc., to quote you "you're an absolute fool if you believe that".

And as far as "hiding behind the internet", ROTFLMAO, I invited you to coffee, you didn't want to do it (so much for that lie). And as far as showing charts are concerned, I've shown a million of 'em, tood bad people want to be spoon fed, that's not my job or problem.

Poor baby, he just cant' contain himself, it's no wonder he'd rather post non-stop on ET while claiming to be have a SUPER TRADING SYSTEM, than actually trade it. :eek:

 

[MandelbrotSet]

Quote from jprad:

Artificial? What a crock! Every method of chart construction is artificial.

Thank you, thank you, thank you.

ProfLogic obviously doesn't think so ...

Quote from ProfLogic:

Sorry Smurf but Constant Volume bars aren't created at various time intervals, they are created in real time, as they happen. The are created naturally not artifically in your time based charts. This is why your moving averages are worthless on my charts.

LOL, you guys are making this too easy for me.

 

[MandelbrotSet]

Quote from ProfLogic:

Sorry, your lack of Physics and problem solving skills are showing.

So now you're bringing knowledge of physics into the equation ... wow, have your charts also solved the problem of string theory and the universal nature of sub-atomic particles?

Wait, don't tell me, they exist in extra-dimensions, transcend time and are actually three dimenional constructs on a two dimensional surface.

ROTFLMAO

 

[MandelbrotSet]

Quote from ProfLogic:

Careful, when he is backed in a corner . . . out comes the opossum. You can tell because he will start calling you names.

LOL, and we can always tell when you start getting frustrated and upset that no one else accepts your wonderful, mystical, magical, natural charts ... you start making racial slurs and insulting people.
***
It's amazing, isn't it marketsurfer, how the some people would rather point fingers, make racial insults, name call, scream and throw a tantrum, rather than do the simple thing and show what a big MONEYMAKER their system is by Live Calls and showing their Blotters.

That says more than to me than 5,000 posts talking about the wonders of constant volume bars, physics and price osscillation.

 

[ProfLogic]

Quote from MandelbrotSet:

Ooops looks like the good Professor is about to go into "I'm blowing a fuse" mode. :eek:

Don't take it so seriously Prof.

Like I've stated previously, if your charts where such wonders of trading and such a boon to the trading world, more people would use them, and frankly it wouldn't matter what other people thought, the proof would be in the extraordinary amounts of money your system made, the ability (and ease) to make Live Calls, and a willingness to show your blotters to the good people here on ET who you seem to want to impress so much.

But we have not seen very much (if any) of the above from either you or the other GURU (one jack hershey and his sychopantic followers), so obviously, neither of you have as much faith in your "wonderful" method as you would like others to believe. :eek:

***

Regarding being a part-time waiter/actor/etc., to quote you "you're an absolute fool if you believe that".

And as far as "hiding behind the internet", ROTFLMAO, I invited you to coffee, you didn't want to do it (so much for that lie). And as far as showing charts are concerned, I've shown a million of 'em, tood bad people want to be spoon fed, that's not my job or problem.

Poor baby, he just cant' contain himself, it's no wonder he'd rather post non-stop on ET while claiming to be have a SUPER TRADING SYSTEM, than actually trade it. :eek:

I do make live calls Busboy, and my live trading speaks for itself. Those here on ET don't make up the bulk of the trading world. Of course in your skewed world they do I guess.

I've challenged you to trade heads up a few times and you ran like the sissy. You were yelling, I WANT TO MAKE THE RULES. Scared you to death to have to trade in front of LIVE people. If you actually thought you could show me up trading I would think you would try.

I don't want to meet you for coffee I can do that anywhere and with people I actually want to socialize with. I want to rub your nose in your asinine comments. I want to sit in a public forum in front of live people and trade your lazy a$$ into the dirt.

I repeat, you have almost 11 posts a day to my just over 2. You are a flamer, a liar AND can't trade live.

 

[ProfLogic]

Quote from MandelbrotSet:

Thank you, thank you, thank you.

ProfLogic obviously doesn't think so ...

LOL, you guys are making this too easy for me.

Of course a constructed chart is artifical you ass, price and volume aren't though. Every time you post your ignorance shows in high definition.

 

[ProfLogic]

Quote from MandelbrotSet:

So now you're bringing knowledge of physics into the equation ... wow, have your charts also solved the problem of string theory and the universal nature of sub-atomic particles?

Wait, don't tell me, they exist in extra-dimensions, transcend time and are actually three dimenional constructs on a two dimensional surface.

ROTFLMAO

And yet again . . . you are blissful tonight there Jimmy. Slow night on the tables?

 

[MandelbrotSet]

Quote from ProfLogic:

I do make live calls Busboy, and my live trading speaks for itself. Those here on ET don't make up the bulk of the trading world. Of course in your skewed world they do I guess.

I've challenged you to trade heads up a few times and you ran like the sissy. You were yelling, I WANT TO MAKE THE RULES. Scared you to death to have to trade in front of LIVE people. If you actually thought you could show me up trading I would think you would try.

I don't want to meet you for coffee I can do that anywhere and with people I actually want to socialize with. I want to rub your nose in your asinine comments. I want to sit in a public forum in front of live people and trade your lazy a$$ into the dirt.

I repeat, you have almost 11 posts a day to my just over 2. You are a flamer, a liar AND can't trade live.

Blah, blah, blah.

Yeah, yeah.

I'm a busboy?

LMAO, you're stupidity is showing you fake, stealth vendor.

You'd rather bring your ass to Elite Trader, create multiple aliases, rant and rave and scream all day and all night rather than make one LIVE CALL that you have to take responsibility for, or show one BLOTTER on the PnL Thread.

You, jack hershey et al, just a bunch of FAKE GURUS, SNAKE OIL SALESMEN and H.U.S.T.L.E.R.S.

What a waste of virtual space, computer memory, and oh yeah TIME!

Thanks again for showing us your fantastic, wonderful, natural, price physics trading system.

LMFAO

 

[Buy1Sell2]

Quote from Buy1Sell2:

Volume analysis falls into the category of "too much information" and should be discarded as it is not a necessary and useful tool--Ishmael

Still the most useful and definitive post in this thread and it came on page 1--Ishmael