It's good to have questions. Though, wouldn't you rather be able to answer your questions yourself, than being spoonfed answer that may not suit you and your ideal trading style? In some endeavours, there are no short-cuts. Anyways, I've answered your questions so that you may investigate for yourself. Maybe someone else has ready-made answers for you.
This is INCORRECT. If you want to distill the JH Method into a one-liner, that one-liner is... Volume leads price, always. In a context, your statement is correct, but only in a context. It is not the basis or foundation of JH methodology.
well think about it if volume does not lead price then how does the price go up:the problem is we do not know by how much volume leads price:it may be by one bar or ten!!!!!!. let is think logically since the big boys trade big volumes when the volume is low they are NOT ACTIVE. if they are not active what is going to happen to the market trend?. however that said:having a leading indicator is as bad as having a lagging one.
here is a chart that shows very high volume over 5-6 bars but not much movement in price though you can see a higher low which is an added hint. what do you think happened?
continuation or reverse or consolidation any thing this is the 'problem' X leads price means firstly X does this and after price does that. Such X does not exist for the obvious reason and volume is not exeption. As well as bid/ask volume, premium, big volume activity, trin, vix and so on really it is not the problem, if one does not waste the time in quest for leading indicators
volume does lead price but how much move are you going to get, is up to other factors such as the longer term trend, nearest support resistance....just because volume is high does not necessarily mean a 100 tick move will come
yes so you search for other clues: in momentum etc trading cannot, much as we like, be done by a formula. unfortunately the market can turn on a dime while we take much longer to change our opinion
if big boys are not interested it may continue but not for long.....you cannot catch the bottom or top so you just have to live with a drawdown for a while:if you put a tight stop it will trigger and you have to reenter maybe 2-3 times.these factors may be called problems but i call them facts of the market; you have to deal with them in your market management. you have to earn your profit.....you cannot trade with a glass of beer in one hand a pretty woman in the other and a formula on the table in front of you. be real