In reply to Jack Hershey's post...I couldn't quote it because it was so long winded it exceeded the ET limit for a post. LOL And I'm not kidding.
So that was the long winded version of what I said the way I read that. You added lots of big words and cryptic methods of communication for what purpose? You seemed to be saying respect supply and demand laws.
I think more often price is what drives volume not the other way around as you suggested, but thats JMHO. A step further, I think you contradict yourself because to your channel comments, the market is rangebound the majority of the time. It respects the range most the time and if volume did drive price this range would not exist. When it doesn't respect the range you shift to breakout mode provided that the break in range is on major volume showing a change in market sentiment/value.
I also found it comical you say you don't need or want an edge. Reading DOM and channels would be your edge IMO. Speaking of DOM, I find it to be more misleading than anything now, though I use more of my screen time on the tape at this point. DOM has lots of orders being pulled and falsified creating fake walls where tape shows true market actions.
I don't doubt you know what you're talking about, I think your making it very convoluted to throw people off the right track or make it harder than it is. That's not to say I think the market is easy to dial in, just that the game is pretty easy with the hard battle being in ones own head.
It's you versus yourself, not you versus the market. Because to battle the market is a losing battle. You said this but in some interplanetary language that non aliens won't understand I think.
JMHO
So that was the long winded version of what I said the way I read that. You added lots of big words and cryptic methods of communication for what purpose? You seemed to be saying respect supply and demand laws.
I think more often price is what drives volume not the other way around as you suggested, but thats JMHO. A step further, I think you contradict yourself because to your channel comments, the market is rangebound the majority of the time. It respects the range most the time and if volume did drive price this range would not exist. When it doesn't respect the range you shift to breakout mode provided that the break in range is on major volume showing a change in market sentiment/value.
I also found it comical you say you don't need or want an edge. Reading DOM and channels would be your edge IMO. Speaking of DOM, I find it to be more misleading than anything now, though I use more of my screen time on the tape at this point. DOM has lots of orders being pulled and falsified creating fake walls where tape shows true market actions.
I don't doubt you know what you're talking about, I think your making it very convoluted to throw people off the right track or make it harder than it is. That's not to say I think the market is easy to dial in, just that the game is pretty easy with the hard battle being in ones own head.
It's you versus yourself, not you versus the market. Because to battle the market is a losing battle. You said this but in some interplanetary language that non aliens won't understand I think.
JMHO
