Volume = useless

IMHO: volume on range bars are the holy grail...low volume on retracements(a Wyckoff test for no supply/ no demand) is an excellent high probability entry. Also, see the youtube videos for orderflowanalytics, very interesting point is made re. the migration of the high volume node and future price direction.
 
Poor Jack and Spyder, still enamoured with paper trading because it's the only thing that holds up under their ludicrous all in all the time, volume leads price, Nasdaq leads the market, hindsight drivel

These two clowns keep wanting to believe there is a holy grail out there and fail to realize this belief is exactly what has stopped them from being profitable all these years
 
Quote from daveb351:

Also, see the youtube videos for orderflowanalytics, very interesting point is made re. the migration of the high volume node and future price direction.
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Too bad OFA is dependent on the Ninjatrader platform which drops BID/ASK data left and right on any increased trade rate during the day........thus tainting their software computations that need "clean" BID/ASK data for their edge.

Now get OFA on a platform that is robust and does not have constant BID/ASK data drops all day long, and then you may have something to propely evaluate.
 
Quote from failed_trad3r:

I believe volume is useless in determining direction of a trend. All the adages incorporating volume, high volume indicates continuation of trend etc. are just useless! This rally happened on low volume, yet it continued!
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price can rally on low volume and continue , you are a very confused fellow...
 
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