Let's play "teach IronFist how to use volume in his trading" (lots of pics)

Discussion in 'Trading' started by IronFist, Aug 26, 2008.

Is volume histogram useful in your trading?

  1. Yes - it is useful to help predict price action

    57 vote(s)
    60.6%
  2. No - it's as useful as random distribution

    37 vote(s)
    39.4%
  1. Yeah, they are.

    And based on the volume indicator that your created, they're pretty obvious.
     
    #31     Aug 26, 2008
  2. I only see them after the fact. Maybe I need to study my own indicator some more :confused:

    Tell me what you're seeing. I can post some more screenshots if you want.
     
    #32     Aug 26, 2008
  3. What? There's nothing trivial about using volume as an indicator. You're making it way too complicated.
     
    #33     Aug 26, 2008
  4. nkhoi

    nkhoi

    try study Bid vol vs Ask vol
     
    #34     Aug 26, 2008
  5. lindq

    lindq

    Then why don't you write an entry rule from that chart that uses volume and share it with Ironfist?

    The rule needs to show at least some positive return in backtesting. Short or long.

    My challenge to you is that you can't.
     
    #35     Aug 26, 2008
  6. What's that gonna prove? That he can't program?

    Tell you what. You give him the software and the knowledge to code, and then make that request.
     
    #36     Aug 26, 2008
  7. bighog

    bighog Guest

    Just pay attention to price as it moves. Volume is after the fact, just like a basketball game where the points are added up "AFTER" the ball goes through the hoop, NOT before.

    Things that are measurable are not important, most important things are not measurable.

    Think real hard about that and ask yourself if volume was so important and so easily measured these days with computers how come the ratio of winners to losers has stood still?

    Vendors will tell you a bunch of nonsense to sell their products. If they made money from actual trading they would not need to dip into your grocery money. Now would they?

    ok, lets rock with Obama and Biden. Remember a vote for John is a vote to draft and waste the youth of our country. Like Sen Casey of PA just said.................4 more MONTHS, not 4 more years.

    <a href="http://www.sweetim.com/s.asp?im=gen&ref=11" target="_blank"><img src="http://content.sweetim.com/sim/cpie/emoticons/0002013F.gif" border=0 ></a>

    Gotta order a pizza for Hillary speech. Mrs Modest ....:p
     
    #37     Aug 26, 2008
  8. piezoe

    piezoe

    I find volume useful sometimes. Others think it useless. Whatever.
     
    #38     Aug 26, 2008
  9. I have recently started watching market delta and have found it to be useful for guageing the power of the S/R tests. Will we bust through with sustained volume or will it be a failed break out. Still learning but like what I have seen with the Bid Vol X Ask Vol.
     
    #39     Aug 26, 2008
  10. How does that differ from the up tick/down tick that someone mentioned before?
     
    #40     Aug 26, 2008