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How to use volume in your trading
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How to use volume in your trading

  #91 (permalink)
 Vendor: www.innovative-trading-solutions-online.com 
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cunparis View Post
RJay - I realized this in the shower but you beat me to it. Sorry for being absent-minded, I'm so used to tradestation having this historically. I'm spoiled.

Tomorrow I'll run my 3 tick charts with your indicator and post all 3 from NT & TS. that should help narrow it down but I realize if you can only do it real time it's like chasing a moving target.

Put them both on the same chart please!!!!

Thanks,

RJay

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  #92 (permalink)
Trade with the flow
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Gold

See if you can find some recent volume patterns on this Gold (GC) daily chart.

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  #93 (permalink)
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Little profit taking prior to the holiday?

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  #94 (permalink)
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HVC followed by LV?

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  #95 (permalink)
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Hi Cunparis.

This mornings chart with LBVP. Not all marked just the latest. Notice how this is sitting right below the morning open.

Rod

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  #96 (permalink)
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Hvc?

Here is my chart for this morning.

Mahlon

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  #97 (permalink)
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Quoting 
Little profit taking prior to the holiday?


mahlonhersh View Post
HVC followed by LV?

Right on both counts.

Here's an updated chart. Note I don't use MACD or stochastics really, not even sure why these are on my chart.

First, I was using TS's continuous contract which for some reason wasn't showing volume correctly. It says it's dec right now but it wasn't, so I updated that to december.

We got really good volume today but look what price did. This is "almost HVC". If the range had been just a little lower it would have been HVC. Again, we have to know how to read these volume bars without the indicator. If you read the Master the Markets (or the other book by the same author) he explains why this is selling volume. It's easy really, on a really high volume bar around a swing high, if price closes towards the low it's selling volume. That means sellers came in and stopped the advance and pushed the price lower. If price finishes in the middle, it is a bit more neutral however it's still showing supply.

You have to ask "where did all those shares come from?". Someone is selling the breakout. Do they know more than those who are buying? I suspect it's the commercial hedgers and we'll find out on Friday. Until then we have to go off price & volume. No indicators are going to help us now.

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  #98 (permalink)
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RodS View Post
Hi Cunparis.

This mornings chart with LBVP. Not all marked just the latest. Notice how this is sitting right below the morning open.

Rod

I don't know why but I really have trouble seeing volume patterns on your ZB charts.

The one you highlighted didn't really pull back, it was more of a churn area which shows shares changing hands. Just not that many. So it's a low volume bar but not a pullback in my opinion.

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  #99 (permalink)
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mahlonhersh View Post
Here is my chart for this morning.

Mahlon

I think I see a few LVPB around 7:15 & 8:20. What do you think?

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  #100 (permalink)
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cunparis View Post
I don't know why but I really have trouble seeing volume patterns on your ZB charts.

Is it because of the coloring?

I have attached this chart with some of my views of the Price Action and Volume.

Please critique.

Thanks

Rod

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