Xspurt, That's quite a good way of explaining the whole issue, but unfortunately you are wasting your time and effort. Let me explain. Someone who posted on this thread earlier today may not agree with the use of volume. They are not going to read you and all of a sudden change thier mind, come back on here, and repent. That's just not how the markets and humans work. See, people don't like being wrong, they hold on to losing trades until all thier money has gone etc etc. They hold on to losing ideas, methods, strats and systems etc etc....until all thier money has gone. Very stubborn indeed us people, to our detrement. Yours, Dackster.
At last someone has studied something long enough to offer an informed opinion. Can you please explain exactly what is the meaning of volume since you understand it sosueme
Can you please explain just how to get accurate daily volume and can you explain the exact lingo so that we all may learn. sosueme
LOL Someone who doesn't know what a MM display shows and thinks the Exchange gives out daily volume coz they don't take sides. TZ, do you think a MM will take personal responsibility for the liquidity of a stock and risk his ass with the same information you look at? Think he just looks at price and reads bars?? Why does the exchange fudge the daily volume? Knock yourself out if you think that is a conspiracy
The lingo that I use is not my invention and I have referenced it if you want to follow it up. I said it takes 2 years to learn so it's pointless to ask me to explain. When you show that you are serious about learning I will show you how to get accurate daily volume.
Price and volume can not exist in a market alone. In order for price to exist after a market is established, a single contract or share needs to be traded to establish the next price point . . . and so on and so on till that particular market ceases to exist. In order for volume to exist after a market is established, price needs offered to be established for that contract or share so it can be traded. . . and so on and so on till that particular market ceases to exist. Price and volume are forever joined on a chart. It's up to you to figure out whether you look at price movement and interpret volume or look at volume and interpret price movement or something entirely different. Real traders are constantly testing and improving on "what works" for them. Real traders do not ignore anything.
Hey, that's a great explanation swineflu aka ProfLogic. Thanks for being such a complete tool and totally outting yourself while using your multiple alias.
I use equi-volume charts. from what I read proflogic uses constant volume bars. Do you understand the difference?