what do you think

Quote from The Swordsman:

Don't listen to "Jasonn", he has been MANY personas here at ET (C-Kid, Cold, Insert, Infooo, Illuminated One...the list goes on). With every alias he assumes a different character to the point where you can't believe anything he says. Then when he gets all tough, trying to force on you that he makes buckets of cash everyday, there is nothing to do but laugh at him as he's cried wolf too many times.

Fwiw, price AND volume work very very well together but like anything else, the context and sequences of bars have to be understood first before price and volume can be correctly read. Having the incorrect context will almost insure incorrect PV reading.
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What is written here basically ends this thread right away. Well put:)
 
Is what you're talking about basically market profile?
Or do I misunderstand what you wrote/how market profile works?
 
Could be. Can you explain what market profile is? I basically just did a histogram to see what prices are the most "attractive" to investors. That's it.

By the way, for those of you who hate adding the volume concept, you can always look at the raw histogram (uniform weighting) which only counts the price occurrences as it happens in the plot (so basically counts number of days that it closed in the histogram bin range).
 
Quote from ssrrkk:

I thought of another way to define support / resistances just by calculating a histogram on the price. You can weight the counts by the trade volume, so the histogram would reflect the true number of shares that traded hands at each price point. Then you can draw support resistances at the peaks of the histograms -- only here there is no way to distinguish between support or resistance. You can also weight by time so that past trades are counted less and recent trades more. Let me know what you think! http://www.myquant.net/
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Good work. Don't let the nut-jobs on this board tell you anything otherwise.

It has a good use.
 
Quote from Jasonn:

so then make money of it smarty pants

oh that's right

you have no idea how

ET certainly has its share of fools
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Do you also do kids parties and circuses? Oh no! Don't squirt me with your 'funny flower'!

C ya, Ronald.
 
Quote from Jasonn:


I can tell you beyond shadow of doubt that intra-day volume of executed shares or contracts have NO.....
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And I can tell you beyond a shadow of doubt that you never learned how to read it properly.

Emini Guru
 
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