Volume -- I'd like to learn more about it

Quote from murray t turtle:

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Satzburg;.
Its secondary to price;
pay more attention to it on sell volume however .:cool:

Its not near as precise as price, like DIA lacks 1 million being 3 month average of 6.56 million.[indicator]
OBV can help, don't use it myself as much as volume bars.

Hardly bearish volume on uptrend DIA, even if move is extended some. Can hint of weak move.

Perhaps more useful on entry because price can go a long time,
up or
down on average/below average volume, frankly.


:cool:
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Thank you. I'll try to bear your comments in mind.
 
I consider volume more of a distraction. Price rules.

Watch the setups and "SEE" where the price is likely to go, place your limit early as possible so you will be sitting in a good seat in the arena to get filled. What you "SEE" ahead in the price action will be reflected in the volume so no need to worry about vol at all.

When you get filled and after you placed the STOP LOSS, get the finger loose so you can change the STOP loss to a breakeven, small profit trade.

Vol as indicator is like a wallflower at a dance, let it sit there and look for something faster with more rewards as the evening progresses. Price not volume. Do not complicate things, when you go to a dance you are there to dance, so dance.

............:D
 
..yeah but guess what...when your legs get tired you have to leave the dance floor(unless your take some highly dodgy chemicals).....volume equals muscle strength
 
Quote from Batterup:

I consider volume more of a distraction. Price rules.

Watch the setups and "SEE" where the price is likely to go, place your limit early as possible so you will be sitting in a good seat in the arena to get filled. What you "SEE" ahead in the price action will be reflected in the volume so no need to worry about vol at all.

When you get filled and after you placed the STOP LOSS, get the finger loose so you can change the STOP loss to a breakeven, small profit trade.

Vol as indicator is like a wallflower at a dance, let it sit there and look for something faster with more rewards as the evening progresses. Price not volume. Do not complicate things, when you go to a dance you are there to dance, so dance.

............:D
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Thanks for your comments, Batterup. I'm aware that opinions diverge on the volume/price question, and I need to hear both sides. Volume may turn out to be a wallflower, but if I don't look into it I'll always have the nagging sense that I might have missed something. :(
 
One of the many lessons I have learned about volume is that when it is high everybody is on equal footing. When it is low, the big players run the show.
 
Quote from Salzburg:

Thank you. I'll try to bear your comments in mind.
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Also while above average volume sell side , is another good sign for polar bears;
its also helpul to ''bear '' in mind ,
like simply average or real close to average volume as they accumulate in an uptrend. Thats a good sign also

In other words great care to keep the volume average in a strong stock, strong sector =nicely bullish :cool:
 
Quote from murray t turtle:

================
Also while above average volume sell side , is another good sign for polar bears;
its also helpul to ''bear '' in mind ,
like simply average or real close to average volume as they accumulate in an uptrend. Thats a good sign also

In other words great care to keep the volume average in a strong stock, strong sector =nicely bullish :cool:
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You're saying that those who are accumulating a stock in a strong sector will try hard to keep volume average so as not to attract attention. But as volume stays at this more or less "unremarkable" level, how do I find out that accumulation is underway? They are accumulating as the stock slowly risies? How do I see that?

Thanks, Murray.
 
Quote from easyrider:

One of the many lessons I have learned about volume is that when it is high everybody is on equal footing. When it is low, the big players run the show.
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The upshot is that I should filter stocks for a certain average volume -- 150k, 200k . . . more?
 
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