I mostly use volume in conjunction with price. Basically when we have an uptrend, I like to see the retracements on lower volume in comparison to when it's making higher highs. This tells me the uptrend is healthy. On the other hand, when we have a downtrend, I like to see volume increasing on the downside and decreasing as it retraces to make a lower high. It's also very helpful when identifying reversal formations as you can use it to notice distribution. For instance, a double bottom has a greater chance of working if the second leg has much less volume than the first leg, this means sellers were exhausted, and then as it starts to reverse you see volume coming back again. It's a very helpful tool, price and volume is all I use. NN
Yep, i have a couple nicks, thats no secret. Weekends are computer checkup, clean up times. Whenever i build a new puter i just throw in a seperate yahoo e-mail address and BOOM, bighog is a batterup and he has a girlfriend named Sue Smallbones. I have nothing to hide and feel my posts are of value to many that are not biased in any way, shape or political leanings. HA. I paid some heavy dues to learn how to become a winning daytrader, personally i am quite proud of myself. Truth be known many times i post a lot and then can drop out for a couple months and do none. Chat is going to be a lot, lot less because i am helping a gal from down the block in her learning curve. She is doing fine, this is not a constant thing as she is like me, best way is to do it the hard way, I just help her some during the day if she comes over or i go over there. We both have open door policy during trading hours. She is still a busy Mother, homemaker etc so it is no rush, rush. Some will value my posts about trading others will just decide to ignore what i say about some others. No problem. Considering my Sue nick and the others this song might caution others. http://www.youtube.com/watch?v=MLn6pUOd5CE PS, that song was good for the jitterbug at the sock hops..
By this time tomorrow i hope to have at least 5 handles in the bag. .. http://www.youtube.com/watch?v=hoopfp5iaKw Ahh yes, the year of girl chasing when after graduated from High school http://www.youtube.com/watch?v=zUveCbYgJ1E&feature=related'' Sorry, just remembering the good old days when less guns less wars less greed etc. GREAT TIMES to be growing up.
wiesman02, ask yourself why someone would need to log into a chat room under seperate usernames, or need more than one username, to post on a web site. - Spydertrader
I love to read these useless volume threads because no one ever thinks to ask if the volume was mostly at the bid, mostly at the ask, or somewhere in between. As if it made no difference. Accumulated volume in bars longer than seconds in index futures is highly misinformative.
And I love to read posts where people speak in absolutes in an effort to fein expertise in areas where little knowledge exists. - Spydertrader
I love pointless ping-pong among posters. And meaningless alliteration, for that matter. But I digress...