Volume

Quote from burt_schroder:

Try evaluating volume from a composite perspective, rather than breaking it down into individual participants/groups.

Two sides - buyers and sellers. Who is in control of your trading timeframe?
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Composite generally mean that their is a mixture of things.

Time frame is and interesting word. On a traditional chart if one is lucky they can see 2 trends. Trend B may be inside trend A.

Lining up pivot points of trend B that touch a channel we can see that there is volume at each pivot touch, When touches lack volume the trend usually breaks.
Superimposed on to this is volume Trend A trend line touches.

You can see on this picture there is a blue line at the bottom in the volume pane. It intersects with each pivot trend line touch of the big horizontal trend line. Ignoring the smaller trend lines, we can see the larger one's intersecting volume bars is decreasing, to Jack this would mean that it is about to change, I would agree.
 

Attachments

As nice as it looks, there is just so much wrong with this chart and as is it is untradable.

You can also see arrows that are duplicated to the volume pane. red is for the bit pivots and and green for the small.


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For those that may be new,
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It would be a good lesson to learn how charts need to be questioned:
the horizontal channel could only have been drawn AFTER the "high price bubble" is (@1798.1)

We are expecting the trend to end meaning that it will not longer follow this channel. It looks like I pinpointed the high, but no, the high was used to MAKE the line.

The whole thing is useless, all we get out of this is that we are assuming the trend line will not hold. So our reference channel is gone.

If the trend line was sloped down we could assume a reversal (maybe) but even a reversal (break out" can quickly turn around and make a lower low before it has energy to make its uptrend.

Again if it was sloped down we could try really hard to time our entry and Wait for the lower low and then enter, but usually we would have a flat trend line and we will get stung worse if it is flat and we assume it wil go up.
 
Quote from traitor786:

Jack,

Seems the thread is buried in my non coherent writing,

I was thinking about your hold and reverse vs buy and sell concept.
Correct me if I am wrong here, is the system one that you hold as long as certain criteria are met and as soon as a any type of weakness is seen you get out. So there is no space for retraces?

How many trades does a typical day have ?

I am wondering if you hold through a trend or simply play more with the bid and offers are key points and hold a typical trade for under a minute while giving "liquidity" to the majority
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Oh traitor... you are right... you really managed to burry the thread with thoughts that go in all kind of directions. :D

It is quite an achievement if you manage to make Jack tell somebody to limit their posts to 75 words! Normally everybody else gets headaches reading Jack's long posts but you top it. :D

I don't remember Jack talking about "weakness". In fact your questions show that nothing that Jack ever wrote got through to you. Stop to produce too many thoughts that go in million directions. Instead "do"! Doing will limit the chaos in your brain and focus all your thoughts on certain points.

Jack doesn't exit. He gets in at the beginning of the day and exits on bar 78. In between he reverses. Think about it... why would you exit? You would only exit if the direction of the trend changes. In that case why not simply reverse and ride the other direction?

Retraces... If you understand how to construct a channel and that channels/trends overlap then you will see that there are of course retraces and reversals.

A typical number of trades during the day Jack mentions is somewhere between 20 and 40.

Jack uses many tools to decide if a trend/channel/fractal has ended. From coarse to fine.

I see you post charts. That's already a good step. Can you now even simplify that... post only maybe 20 bars with price and volume and draw the channels that you see. Use barcharts not candlesticks. From there Jack might be able to help you answer more of your questions.
 
My computer crashed, I had a few pictures from Jack,

One was a formulea with variables like

Price volume and Accumilation and distribution. (X4 )

He did mention that volume can only be measure if price allows it to be measured.

P.S
Though ideas from this thread have been used, I am sure Jack will agree that this not to be affiliated with him.
 
Quote from frenchfry:

Oh traitor... you are right... you really managed to burry the thread with thoughts that go in all kind of directions. :D

It is quite an achievement if you manage to make Jack tell somebody to limit their posts to 75 words! Normally everybody else gets headaches reading Jack's long posts but you top it. :D

I don't remember Jack talking about "weakness". In fact your questions show that nothing that Jack ever wrote got through to you. Stop to produce too many thoughts that go in million directions. Instead "do"! Doing will limit the chaos in your brain and focus all your thoughts on certain points.

Jack doesn't exit. He gets in at the beginning of the day and exits on bar 78. In between he reverses. Think about it... why would you exit? You would only exit if the direction of the trend changes. In that case why not simply reverse and ride the other direction?

Retraces... If you understand how to construct a channel and that channels/trends overlap then you will see that there are of course retraces and reversals.

A typical number of trades during the day Jack mentions is somewhere between 20 and 40.

Jack uses many tools to decide if a trend/channel/fractal has ended. From coarse to fine.

I see you post charts. That's already a good step. Can you now even simplify that... post only maybe 20 bars with price and volume and draw the channels that you see. Use barcharts not candlesticks. From there Jack might be able to help you answer more of your questions.
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Yes I am surprised I have followers lol.

Information abdout Jacks system is given in a way that focusing on a single thread leads to total confusion, Only through going on tangents can one begin to put things together.

What is there to be focused on exactly? systems upon systems upon marketing upon marketing ?

That being said, I like the idea of being in the markets all the time, but this would mean getting eaten up by fees and consolidation periods
 
Quote from traitor786:

Using market order is a bit ahead of me at this point. Maybe I will just zoom out a bit.
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Trading is a decision making process. Trading decisions are made in the Present.

potential traders do what they do. One common thing is using stops. As knowledge and skill increases; the potential trader becomes a trader and around that time he no longer wastes time deciding on a stop value because he knows they no longer work because of his position size.

another common thing is setting targets. A potential trader stops setting targets as he becomes a trader and recognizes that trading is a bar-by-by routine. As the tradr grows, he move to view markets in an anticiaptory mode. Anticipation is "event" oriented and there is always the "NEXT" event taking place as the future moves into the Present. For me "I know that I know" the event is there aand I watch it come into the Present to optimize my carving the turn.

You post eveidence of where your mind is.

You cannot as yet annotate anything on charts. Why?

You are being told to do things by others. You are unable to cooperate with others to help a needed conversation develop.

In another thread a few months back I asked a person to do things for ten days. He didn't and he quit trading after he accepted lame brain advice from bullshitters all in that ten day period.

I would never ask you to postpone the future for ten days. For you, it would be a personal sacrifice you feel you can't afford.
 
Quote from jack hershey:


You post eveidence of where your mind is.
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Thanks for your response,

I do hope your friend appreciated your time. He had to make a decision. When all the variables of a set of options are not known we must deduce through deduction. I hope he is OK and will be OK. Maybe one day I can help him if luck is on his side.

I understand why and how important volume is. It is more stable then price. Price at best is simply a measure of volume at a given time.
But no, I cant properly annotate volume b2b 2r2r, stitches, 7 lateral formations.., tapes, transverses or channels... correctly yet.

I have deduced:

The JH way follows an important universal law to making money.
When initially exposed to ideas, it can't be assumed that conventional ideas have any advantage ($) over Jacks.


Nothing deduced can be evident but evident things can be deduced.

As for the conversation, you can conversate any time here PM or anywhere. You know as well as I do that we are deep in the thread. We are here now but in the future we will be in a dark corner that few will see.
 
Quote from traitor786:

Thanks for your response,

I do hope your friend appreciated your time. He had to make a decision. When all the variables of a set of options are not known we must deduce through deduction. I hope he is OK and will be OK. Maybe one day I can help him if luck is on his side.

I understand why and how important volume is. It is more stable then price. Price at best is simply a measure of volume at a given time.
But no, I cant properly annotate volume b2b 2r2r, stitches, 7 lateral formations.., tapes, transverses or channels... correctly yet.

I have deduced:

The JH way follows an important universal law to making money.
When initially exposed to ideas, it can't be assumed that conventional ideas have any advantage ($) over Jacks.


Nothing deduced can be evident but evident things can be deduced.

As for the conversation, you can conversate any time here PM or anywhere. You know as well as I do that we are deep in the thread. We are here now but in the future we will be in a dark corner that few will see.
More...

Look up the definition of "para"

Markets follow one pattern where the market variables are lnked to each other.

Dodd and Granville found how markets work. They "implied" the

PARAdigm

I gave it to you but you could not do the "fill in the blanks" by reasoning.

Then you missed out on the PARAmetric measure which is a gerund.

Gerunds create RELATIVE MEASURUNG REQUIREMENTS.

As you tell the world how you do what you do, we learn that you do not place an importance on things. All things to you are of the same importance.

To achieve a person must organize his work.

A lot of people in ET assign "crazy" to me. I like the filtering capability of this assignment.

I am organized.

I recognize that the market is always correct and the market dictates.

Consider the market as a puzzle that was a gift to a child. The puzzle has 56 pieces; each is unique.

A child would do the following:

1. Open the box and pour out the pieces.

2. Turn all the pieces so they are bottoms up.

3. get mad.

4. Put the pieces back in the box.

5. put the box in the back of the closet.
 
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