Yes, raw volume is important too, but delta volume is extremely useful as it shows what is bid/ask relative size (with little experience) and who really dominates the market.
Was against the hourly picture actually, so I was very very risk averse in that one... And good that so...
LOL This stuff works everywhere because PTV is the essence of every trade in every market. CF you have an investigative mind and a willingness to learn and that's why I showed up - but you deserve the credit for exploiting the same opportunity many others had. What you are doing is excellent - get The Undeclared Secrets that Drive The Stockmarket to understand how to fit the pieces together in the volume puzzle. But don't get the S/w or try their signals - just use NT like you are and learn to read the past with the present.
Thanks yoohoo! My energy to learn and move ahead like doubles after your supportive words! Will get that book... And don't worry, I don't trust any signals except my own (well, maybe yours or Banjo's too but that's all)...
Yes, it is old good tape reading. Just way easier when it's graphically presented and you see balance of buyers/sellers in a form of bars rather then colored numbers...