The myth of volume as a leading indicator of price direction...

Discussion in 'Technical Analysis' started by HolyGrailSeeker, Aug 8, 2021.

  1. SunTrader

    SunTrader

    In those charts above volume at low is likely more short covering than new longs and at the top longs exiting. Use all the tools all the time - Gann.

    Price, time, volume & pattern.
     
    #11     Aug 9, 2021
    volpri likes this.
  2. Gold Star for you!

    Including volume in trading is not only useless, it's actually harmful to results.
     
    #12     Aug 9, 2021
  3. %%
    That;
    + monthly candle charts.NEVER a leading indicator\ even though one maybe could get some liquidity hints................................................................................
     
    #13     Aug 9, 2021
    David's faith likes this.
  4. schizo

    schizo

    These are volume spikes that occur at the climax. It's similar to sexual orgasm. Once it happens, it's all down hill from thereafter.
     
    #14     Aug 9, 2021
    yc47ib, comagnum and murray t turtle like this.
  5. %%
    Sounds more like a general rule than an iron rule;
    i mean on trading , not sexual orgasm.
    Shaunti FeldHAhm used to be a Wall Street Analyst , wrote a book named '' Thriving In Love + Money''
    I remember she told Focus on Family/ men like sex in morning, more testosterone then. Some market patterns are better early also.
    Changing the subject slightly but not much. JAN Jone's sister asked ''why not throw away your old worn red pants??'' Jan Jones told her sis ''i dont want to throw away my old red pants\they are my period pants\LOL'' Good logic with Jan Jones period pants:D:D:D:D:D:D,:D:D:D:D:caution:
     
    #15     Aug 9, 2021
  6. zghorner

    zghorner

    Big volume days with price increase can indicate smart money taking positions in a company. Whether you see that as bullish or not is your business.
     
    #16     Aug 10, 2021
  7. Volume tends to be huge at reversal points.
     
    #17     Aug 10, 2021
  8. if Binance is only showing their own volume, wouldn't it be similar to other exchanges, though? Price starts soaring, people on Binance and elsewhere start buying (or selling).
     
    #18     Aug 10, 2021
  9. tiddlywinks

    tiddlywinks

    AFAIK...
    It doesn't work that way with the forex firms that show a volume.
    It doesn't work that way with equities showing BATS (or similar) volume.
    It doesn't work that way with CFD if a volume is available.

    Is there a reason crypto volume should be different in this regard?
     
    #19     Aug 10, 2021
  10. SunTrader

    SunTrader

    IMO there is no difference.

    There. Two opinions make a market. :)
     
    #20     Aug 11, 2021