The Kindler, Gentler U.F.O.
#1
Posted 03 May 2008 - 06:37 PM
U.F.O.
~Benjamin Franklin~
#2
Posted 03 May 2008 - 06:45 PM
Now, how to cook it? BBQ, French Fried or Baked...
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#3
Posted 03 May 2008 - 06:47 PM
Mark S Young
Wall Street Sentiment
Get a free trial here:
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#4
Posted 03 May 2008 - 06:48 PM
~Benjamin Franklin~
#5
Posted 03 May 2008 - 06:55 PM
#6
Posted 03 May 2008 - 07:03 PM
A DOG ALWAYS OFFERS UNCONDITIONAL LOVE. CATS HAVE TO THINK ABOUT IT!!
#7
Posted 03 May 2008 - 07:10 PM
U.F.O.
~Benjamin Franklin~
#8
Posted 03 May 2008 - 07:23 PM
I think I get the problem. Most of the objections to my volume analysis are from traders who trade in a MUCH shorter timeframe that I do. To them...volume may be king. I put a position on for 2-3 months sometimes and don't worry about day-to-day squiggles.
U.F.O.
Yup every indicator has its own time frame where its optimum.
For instance, you can't use AAII data on a day trade.
I've found volume works great for VST trades. You use the bull/bear spring stuff and its awesome for hours or swing trades (1-2 days).
#9
Posted 03 May 2008 - 08:03 PM
U.F.O.
~Benjamin Franklin~
#10
Posted 03 May 2008 - 08:15 PM
I'm not sure how big of an issue timeframe is.I think I get the problem. Most of the objections to my volume analysis are from traders who trade in a MUCH shorter timeframe that I do. To them...volume may be king. I put a position on for 2-3 months sometimes and don't worry about day-to-day squiggles.
Semi uses weekly, daily and intraday charts and while he may do mainly ST trades, he does use weekly and daily candles. So obviously the larger timeframes are important.
I think volume is important, but I confess to not getting all that I can out of Semi's analysis since I can never figure out what candle he's using on those freakin Bigcharts charts! I say we should all write a note to Semi's spouse/SO to give Semi a subscription to Stockcharts for his birthday. Then he can annotate the candles on his charts.
But I'm starting to use some of his analysis in my own swing trades, and it does seem to be true that high-volume candles in the past act like price magnets in the future. It's an interesting and novel concept and seems to have a lot of merit. I'm forever indebted to Semi to pointing it out.