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

Jif,

RedNeck Trader is one of the most highly respected traders on ET. He has always given back 10 times what he received from other traders. He responded to you in a polite manor and gave you every chance to keep the conversation going on a technical basis without groveling to your lower gutter level to use slams and digs. Go back under your bridge troll…

RabbitOne

 

He kicked your ass, ripped off your head, pissed down your throat and buried under a steaming pile of your own shit.


While you're reviewing the definition of the term "give up" you may also want to look over the definition of "delusion" as well.

 

Interesting posts from "Traders"

But why do you allow yourself to be sucked into someone else's game.I thought that was a no no for a Trader.

Why the emotional outbursts. I thought emotion should left on the sideline for a Trader.

Why the assumptions. I thought "assumption" was the down fall of Traders.

Who would ever believe that reaction should automatically follow observation. I thought timing was critical to Traders.


Where are the Traders?

jjf

 

They r busy using indicators such as volume to make money

 

What has "making money" got to do with this thread.

Either the use of volume gives a trader an enormous boost in earnings or it doesn't.
Same thing applies to all analysis as Traders will tell you.

jjf

 

The trouble with the posting of trades and then claiming that volume analysis made it more profitable is that it typically is posted in hindsight. Furthermore, when looking at these charts and trades, one can easily see other more definitive reasons to get long and short at the times mentioned. Bottom line--volume analysis should be discarded as it is "too much information". --Izzy

P.S. --Nice to have Thunderdog with me on this one--

 

Either price is trending up and you buy or it is declining and you sell.

This applies to trade entries and trade exits. Fading the trend is merely an advanced risk technique for reducing risk.

Yes trading is this basic, but there are other off-chart considerations to do with risk and security that should occupy a traders mind.

The more you load up a chart with indicators, volume and other stuff, then the less likely you are to see the moments when you should issue a buy/sell instruction.

It is the classic ET syndrome.
It is very similar to the Stockholm syndrome in that the average ETer falls in love with the very thing that holds he/she a hostage.

When this reality is pointed out to one of the hostages, then other hostages rush to the rescue, thus providing the entertainment for which ET has become world renown.

jjf

 

LOL. I was going to post this before you posted B1S2. I cheat: my ex, had his own Wyckoff software developed but he is not interested in selling it. Anyway I can vouch that the mistakes pointed out to Thunderdog in reading Xspurt's charts were pretty basic errors.

To say that you have Thunderdog's support is a wee bit funny.

 

Why not post some charts jjf? Are you saying you're a late trend buyer? Before you made some daft posts I thought you were a poor ET Guru but you've been letting yourself down lately.

Your last 3 posts are ET gems.

 

I think that I am coming to grips with ET.

Firstly you post some provocative posts in response to a silly post, wait for even silly responses and then you can build from there.

It is a lot like sucking in the longs in order to build a short position.

By the time the wannabes realize they have been sucked in it is too late and the rest is history.

jjf