You certainy are entitled to your opinion and thanks for sharing it. I will continue to watch volume and you can continue to watch your stop loss line.
Well, yes, volume is a frequently used indicator, continue as you were⦠and I suppose a stop loss line isnât that frequently used. I mean a stop loss locks in profits and prevents a loss becoming a bigger loss, but that isnât relevant to trading, thatâs why volume is more important and more frequently used, it gives off a nice warm fuzzy feeling you are in control, like booze when youâre driving, every one knows booze makes you a better driver, well it does for those who like it.
Like many indicators, volume will create a great deal more work for you, more decisions or should I say indecisions, conflicts of your own opinions, sometimes it works, sometimes it doesnât. Dump volume, stick to price action, life will be much easier, believe me. One of the secrets to successful trading I believe is to eliminate the noise, that is eliminate as much as possible. Volume is just more noise on the charts.
Hey, hey you are sounding like a real galah!!! Stick to VB you will then not offer a "'nothing "opinion. p.s I am not a great supporter of the the great unwashed either. What are you drinking anyway?
I do not practice a competitive mindset (as you demonstrate). I share a partnership mindset. The market is my partner and I do what it tells me to do. I do this by using volume as a leading indicator of price.