Volume analysis is to be discarded as it is "too much information"

Can you point where on the chart is the fact that there were more buyers then sellers before the price moved up? I see price bars going up and up and up and up. Obviously there were more buyers. I am missing the point on the chart that shows this before the price moved up.

If more sellers showed up at some point, then the price would have broken down and your volume will have shown that there were more sellers.

Are you saying that if the price is chopping you will be able to say from the volume analysis if there are more buyer or sellers. Can you show that situation?

 

When you look at the chart, on the right side you see the green line increasing (buyers are dominating the market), this is confirmed with the volume indicator below. Additionally the trend indicator is green, white back to green is a better entry.

Please Google Volume Spread Analysis for more information.

Good Trading

 

So you bought the breakout of a price pullback !!! as displayed by price.

I refer you to .......

"Reading this thread and it's exchanges between posters, has all the humor and sadness of watching two midgets wrestling.

I never know whether to laugh or cry or do both at the same time."

jjf

 

I imagine that you also believe that the wheels need to turn before your car can start moving.

jjf

 

What is this "professional money" everyone speaks of but few, if any, are capable of detecting?

If I detect this, can I become rich quickly so that I can go back to shikantaza?.

Do "professional money" ever lose or only win?

 

price and volume is all you need.

you can still just trade with price but why not use volume.

that is only two indicators.

volume indicates transactions

no volume it's thin air.

prop firml daytraders only trade stocks with minimum of 1 million shares preferably over 2 million or more a day or price above $10/share.

 

sometimes, it is easy to see who the 95% are. You think one data point has any validity, and you assume that your interpretation is correct... plus a couple of other assumptions.

You need to lookup the difference between "opinion" and "fact"...

 

Damn I can't wait till I get dropped on my head so I can be as smart as you.

 

Why is it that when I hear "FrothLogic" I think of the words "Pathological Liar, Fraud, Crook, BS artist..."? I wonder?

 

Probably because it is easier to call someone those things than to validate it for yourself.
The ownership of this site could care less about harassment or libel so you can say what you want. Doesn't make it true.