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

Discussion in 'Strategy Building' started by Buy1Sell2, Jul 6, 2009.

Volume analysis of any use?

  1. I believe in using volume analysis

    162 vote(s)
    58.5%
  2. I discard volume analysis in my trading

    71 vote(s)
    25.6%
  3. I really don't know

    43 vote(s)
    15.5%
  1. Specterx

    Specterx

    How is what you described here not price action?
     
    #361     Jul 26, 2009
  2. LOL

    Wasn't he going over to TradersLab to pimp his wares? :confused:

    I guess they aren't going to put-up with any of his nonesense over there. :cool:

    Have a great trading week Equalizer (we all know what FrothLogic will be doing) .... [​IMG]
     
    #362     Jul 26, 2009
  3. Hee hee hee..., so true.

    You have a good one too MandelbrotSet.
     
    #363     Jul 26, 2009
  4. Hey James, keep up the great trading. We are all overly impressed with you achieving "11 post per day" status and having 8 loosing weeks in a row.
     
    #364     Jul 26, 2009
  5. Sure....thats price action

    And if thats all you need...great go for it.
     
    #365     Jul 27, 2009
  6. Ah I see you’ve continued your propensity for … telling tall tales and gross exaggerations, eh Bill? :D

    1. I’ve been making the calls for about 2 and ½ weeks now, not two months … and
    2. my Live Call are currently at breakeven, not in the loss column.

    But, hey, I’m glad to hear you’re enjoying the Calls I’m making … because the last Call you made, you were looking for weakness and a downturn Link … right before a massive 100 pts run! … bwahahahahah

    Whatever you do, please don’t go to Traderslab or another website, if you did that, we wouldn’t have anyone to show us how to use Crapped-Volume Bars and Price Physics to make … Crappy Calls! :eek: :p

    P.S. It took you 15 years to develop your trading skills to this level? :confused:

    LOL :D :D :D
     
    #366     Jul 28, 2009
  7. Buy1Sell2

    Buy1Sell2

    Price and a few scant indicators will give you all the information that you need to trade successfully. The addition of subjective, irrelevant volume analysis is unnecessary. Volume and price have no definitive correlation to each other and volume analysis should be discarded. --Ishmael:)
     
    #367     Jul 28, 2009
  8. Indicators? A few indicators? Little wonder you think volume is too much information. Nah indicators are way too subjective and overloading you with far too much information.

    All you need is PA plus the only thing that drives it - buyers and sellers :)

    Your horse is well dead - time to stop the flogging (look at the vote :) )
     
    #368     Jul 28, 2009
  9. Buy1Sell2

    Buy1Sell2

    When a trader starts using volume studies, they are crossing into the area of "why" analysis. Keep in mind , the "why" doesn't matter, it's the price that does.--Izzy:)
     
    #369     Jul 28, 2009
  10. jjf

    jjf


    You are dead wrong. In fact you couldn't be more wrong if you really tried.

    The problem with your statement is that it is limited by the extent of your knowledge, or lack of it.
    jjf
     
    #370     Jul 28, 2009