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

You started wrong.

Delete your confusing indicators and just concentrate on the only 2 things that matter - price and volume.

You have too much information to work with hence the thread title.

 

I don't understand.
Why doyou need someone to explain contant volume bars to you? Do you not know what they are? I've used then for years in ensign and they are wonderful.

 

This is one man's opinion. According to my statistical research in multiple time frames, I have found a very particular aspect of volume versus price which has an 85% (give or take a tad depending on the periodicity tested) correlation factor. The relationship to which I refer is very simple, but not obvious (unless of course you already know it )

Anything that highly correlated I find to be tremendously useful. So do most of the other traders I work with.

 

Does this mean that, all else being equal, you will not act on a setup if volume does not confirm it for you in some way or another?

 

Good on you for isolating this correlation.
As you say, it is simple and easy to see once you have stumbled over it.

Your PM will be running red hot.

jjf

 

Glowing reviews from the low post shill are duly noted.

 

I imagine he will say that volume must line up over the multiples before you pull the trigger.

Of course there are exceptions to this, but these will depend upon the skill of the Trader.

jjf

 

I should mention that 85% accuracy is easily the basis for 100 lot trading.
This will put gravitonium77 in the 10M per year club alongside AMT and Ken.

Now we have three on one thread.

jjf

 

LOL

 

So the number of posts in this opinion forum have a direct relationship to trading experience, correct? That is a truly amazing observation.
Yes I am a tool shill. Oh the shame of it all.