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. and here's my MM T'dog.


    Let's see yours
     
    #431     Aug 3, 2009
  2. I looked at the index market I trade in the time frame you used in your example, and I was able to identify more instances where the volume relationship you allegedly adhere to did NOT work. Imagine my shock and surprise. :p
     
    #432     Aug 3, 2009
  3. If you mean using the techniques I have glanced on here, then I wouldn't be surprised. I have stated it takes considerable time to learn and build up your skill level. Using what I have shown is actually near to useless as you will get lots of signals that seem false because you need much more skill to read.

    What is your background and skill level on volume reading? (i.e. style of volume reading and length of time in practice.)
     
    #433     Aug 3, 2009
  4. The relationship you refer to is either there or it isn't. I found that, more often than not, it isn't. That's the sum and substance of the thing. Everything else is clutter.
     
    #434     Aug 3, 2009
  5. Great. Sounds like you're an expert. I'm no match for that sir.

    Now move on to another thread and develop expert critical analysis from reading 2 examples.

    Or why not write a book: Wyckoff in 2 simple lessons instead of 2 years
     
    #435     Aug 3, 2009
  6. Come ya old dog. Let's see yer MM.

    Here's mine...

    30 pips in a few mins. Pure cherry picking.

    Tdog, quit writing about how much you know and show it.
     
    #436     Aug 3, 2009
  7. You are no match for the evidence.

    As I noted earlier in this very thread, I read a couple of books written by Wyckoff years ago:

    http://elitetrader.com/vb/showthread.php?s=&postid=2496261&highlight=rollo#post2496261

    And while I enjoyed the books, I did not find the volume component to be useful to me in my actual day-to-day live trading. Perhaps when you go live you will find differently. Keep us posted.

    (How about those birthers, eh?)
     
    #437     Aug 3, 2009
  8. How do you enjoy a trading book that is not useful? I use them for lighting fires.

    I enjoy your lack of evidence in trading as much as Osama :)
     
    #438     Aug 3, 2009
  9. jjf

    jjf

    You exhibit all the frustration traits of a person with some trading knowledge but lacking the courage to pull the trigger.

    jjf
     
    #439     Aug 3, 2009
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    #440     Aug 3, 2009