Volume--- how to use it and WHY

Quote from heypa:

Here's my position as a simple swing trader. I think this argument is over done. There is truth on both sides.

Price works sometimes.
Volume works sometimes.
MA crosses work sometimes.
Macd works sometimes.
Support/resistance bounce/breaks work sometimes.
trend line break/bounce work sometimes.
New high/lows work sometimes.
ETC.
Every measure you can think of works sometimes.

When trading how many of the sometimes things should you consider? Research has shown that we humans tend toward thinking that more complicated solutions are better. Perhaps because we attribute the more complicated solutions as being more thoroughly thought through.
I believe and accept Einsteins admonition " Make everything as simple as possible; but not simpler."
Every one must decide his own method. If you want to make it known do so. If attacked defend yourself but trying to convince closed minds to change is futile

How many of the sometimes things should you consider? It's your choice. As for me I believe in "keep it damn simple." If you choose to use all of them I think you're doomed.
If you chose one of then you could probable do better.
The answer is probably more than one of them. It's your choice.
Know yourself and pick the ones that fit YOU and your resources.
As in any business be mindful of overhead costs. It's nice to have everything but be remember of the rule of diminishing returns.
Sorry. Got carried away. Seldom happens. My opinion only. I don't really care what any of you do.
More...

Trading is about what works for you . . . period.
 
Quote from ProfLogic:

You make a snide remark but when I was correct in reading Jimmy's charts you don't apologize.
I post some charts to clarify an earlier point simply about the differences in chart layout and you make more snide remarks and use the post as an excuse to SPAM.

.
More...

no snide remarks, and sponsors are allowed. what's the point? your the one who makes the superiority claims, so either you prove them in a public forum or all it is is rhetoric.

surf
 
Quote from ProfLogic:

You make a snide remark but when I was correct in reading Jimmy's charts you don't apologize.
More...
Here is what you wrote:

Quote from ProfLogic:

Without knowing the volume you created the chart in I would say #3 or #1 are the closest of them, if the chart wasn't created in Sierra or Ninja then they aren't accurate to begin with. The only software that offers them is Ensign, MultiCharts, Sierra & Ninja. Volume isn't consistent on each bar in other software packages. Candlesticks are a distraction anyway since they need to be interpreted or read on there own.

#2 is a minute chart.
More...
You got 1 right out of 3, so not only did you not read the charts correctly, you completely FAILED the test! :D

... and for the record, someone else did get the charts correct and sent me a PM way before your multiple-choice guessing game, Perfesser Illogic.

LOL, too funny!
 
Here is the correct answer:

olwisepieeye wrote on 07-05-09 04:31 PM:
I did not want to ruin the thread and wanted to see if Prof was able to answer you.

Can you just let me know if I am correct in my interpretations of your charts?

Chart 1 is constant volume, 2 is time based, and the 3rd is price range.

Thanks.
More...
 
Quote from Thunderdog:

And that is precisely what I have done. I have essentially done to volume what you have done to time. Nevertheless, they both continue to exist, eh? :D
More...
+1 :)

That's exactly what my charting exercise displayed, the fact that volume and time are interchangeable, so neither one provides an outisze edge over the other.

Thanks for the post Thunderdog, it's nice to know that there are still some reasonable and intelligent traders on this Board. :D
 
Quote from MandelbrotSet:

Here is what you wrote:


You got 1 right out of 3, so not only did you not read the charts correctly, you completely FAILED the test! :D

... and for the record, someone else did get the charts correct and sent me a PM way before your multiple-choice guessing game, Perfesser Illogic.

LOL, too funny!
More...

Got all of your lunch tables cleaned up I see.

You never answered as to what charting software they were created in so there was no way to tell if they were accurate or not. The minute chart was easy. It was an erratic mess.
 
Quote from marketsurfer:

no snide remarks, and sponsors are allowed. what's the point? your the one who makes the superiority claims, so either you prove them in a public forum or all it is is rhetoric.

surf
More...

Yes you constantly post snide remarks. This is your MO.
Yes, you are absolutely correct but you aren't a sponsor. That makes you a shill.
Yes, I make superior claims as they relate to what I do. If you had the ability or intelligence you could see the benefit for yourself . . . for free. You choose to ridicule that which you don't understand. That is your prerogative.
I prove what I do in public forums on a regular basis. Live in front of real people not some internet site. Funny I just think people are overall, smarter than you do I guess.
 
Quote from ProfLogic:

Really?

Prove it.
More...
Already did ... everyone noted that you weren't able to figure the charts out. :D

Too bad, someone isn't as smart as they want people to think they are. :eek:
 
You must log in or register to reply here.
Back
Top