Futures Volume at Price is Useless

Discussion in 'Trading' started by bone, Jul 25, 2018.

  1. bone

    bone

    I took Pete Steidelmeyer’s courses in the 1990’s, and I respect Market Profile. What made MP work was incorporation of the TIME element in terms of assessing the quality of volume at price. For example, if a market spent little TIME building traded volume at a specific price - it meant that the market had rejected that specific price valuation.
     
    #11     Jul 26, 2018
    .sigma likes this.
  2. destriero

    destriero

    bone is 100% on the money here.

    Dude, you just reloaded your account this week.
     
    #12     Jul 26, 2018
  3. padutrader

    padutrader

    when it does not matter to me whether i am profitable or not, why are you so bothered.
    if volume does not work but price does how come 95% of traders lose money.?

    Traders have to work!!!!

    i am not the only one who says vpa works or that spot forex volume,[whether genuine or not,] works with vpa: there are respected well known traders,yes more well known than you but for the right reasons, who say the same thing .

    i have been there done that and it works

    i am not saying i have been always profitable ....but your personal nature of your posts show what your interest is: not in market but in saying that you are a better trader than me.

    I do not think anyone else in the et and in the world is interested whether that is true or not
    they are interested in knowing how the market works
     
    Last edited: Jul 26, 2018
    #13     Jul 26, 2018
  4. padutrader

    padutrader

    yes but there are others who say the market has to spend time to build a move: both of these i have seen happen in the market
     
    #14     Jul 26, 2018
  5. treeman

    treeman

    Nah. He’s a dick, for sure.. but he’s the type that wears that with a badge of pride. Regardless, he’s been pretty transparent on his motive.. basically calling out bullshit as he sees it. And you’re sloshing it around all over the place. On the plus side, there’s not a single person on here who thinks you know what you’re talking about. You are aware of what insanity is, I assume.
     
    #15     Jul 26, 2018
    padutrader likes this.
  6. padutrader

    padutrader

    i know what i am talking about but THEY do not know what i am talking about:D

    yes if you are insane or very well established ,like Buffet or Soros, in both case no one will know what is talked about
     
    #16     Jul 27, 2018
  7. treeman

    treeman

    20 years buddy. You haven’t earned the right to say you know anything. Sad but true. I wish you were profitable. I do. But this isn’t for you.

    And no... we are not going to witness your immaculate transformation.
     
    #17     Jul 27, 2018
  8. padutrader

    padutrader

    for the record it is ten years in day trading.And most of what you have said is your personal opinion:i do not know how many are interested in personal opinions:mine or yours
    And all those ten years have been spent in study of Brooks bull shit:yes it was my stupidity i agree but everyone cant be smart.
    now this is what Wychoff says about bar by bar and i know Wychoff is right from ten years of experience:
    "The market is an on-going story, unfolding bar by bar. The art of reading the market is to take an overall view, not to concentrate on individual bars.

    Any current action that is taking place cannot alter the strength or weakness that is embedded (and latent) in the background. It is vital to remember that near background indications are just as important as the most recent."
     
    #18     Jul 27, 2018
  9. padutrader

    padutrader

    what does it matter to you..it matters to me
    .....are you GOD that you know what you are going to witness me or not going to witness?
    just because i was not profitable in the past does not mean i will never be profitable
    WHO ARE YOU TO TELL ME THAT I WILL NEVER BE PROFITABLE?
     
    Last edited: Jul 27, 2018
    #19     Jul 27, 2018
  10. treeman

    treeman

    Look, I’m not going to shit on Wyckoff (mainly because it’s pretty solid imo), but 10 years on a dead end?? And then arguing with people about volume on an unregulated market... you stating things as imperial fact as it pertains to successfully trading is irresponsible, and certainly not informed by personal success. It’s all metaphysical. Anyone can state anything they believe to be true, but it’s noise. Thanks for adding to the noise.
     
    Last edited: Jul 27, 2018
    #20     Jul 27, 2018