LAMBRO, posted to YouTube 10 hours ago
Good luck and good trading.
Really good stuff
Started by
diogenes227
, Jun 07 2013 08:31 AM
19 replies to this topic
#1
diogenes227
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Posted 07 June 2013 - 08:31 AM
"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).
“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”
"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."
#2
fib_1618
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Posted 07 June 2013 - 09:09 AM
I'm glad he saved himself when he pointed to the counter trend rally as being "impulsive" and later admitted it was too noisy to be that...and his only mildly referencing the bearish double test failure of overhead resistance.
Unfortunately, his bias got in the way from where a better analytical presentation would had been provided.
Thanks for the link....we'll see how things go at $1383 and $1375 per his reference in the video.
Fib
Edited by fib_1618, 07 June 2013 - 09:10 AM.
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
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#3
SemiBizz
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Posted 07 June 2013 - 09:25 AM
Volume by price analysis misses the mark.
Volume at swing points is the ticket.
I'm not impressed.
Price and Volume Forensics Specialist
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
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
#4
SemiBizz
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Posted 07 June 2013 - 09:58 AM
Amazing how his approach just ...
"We have a bunch of swing points here..."
dismissing it.
That's where all the good data is,
Not in his volume bars by price.
Price and Volume Forensics Specialist
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
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
#5
diogenes227
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Posted 07 June 2013 - 10:18 AM
Not in his volume bars by price.
Those the "balance beams" he talks about? Are those what you're calling "volume bars by price"? If so, are you sure those are volume bars? I tried to duplicate his software a few times in TradeStation using volume and couldn't do it. My inability to do it might just be that I'm not adept enough at TradeStation, but failing to get it done with volume also made me wonder if the balance beams are something else...like ticks?
Anyway, just wondering...thanks for any additional thoughts you have on this.
If one clicks on the "LAMBRO39" just below the YouTube video on gold futures, it should lead to his other uploads. Lots of interesting video on stocks, indexes, some currencies... I remember his video on Facebook (FB) right after its IPO nailed every downside level and congestion zone.
"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).
“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”
"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."
#6
SemiBizz
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Volume Dynamics Specialist
Posted 07 June 2013 - 10:29 AM
Not in his volume bars by price.
Those the "balance beams" he talks about? Are those what you're calling "volume bars by price"? If so, are you sure those are volume bars? I tried to duplicate his software a few times in TradeStation using volume and couldn't do it. My inability to do it might just be that I'm not adept enough at TradeStation, but failing to get it done with volume also made me wonder if the balance beams are something else...like ticks?
Anyway, just wondering...thanks for any additional thoughts you have on this.
If one clicks on the "LAMBRO39" just below the YouTube video on gold futures, it should lead to his other uploads. Lots of interesting video on stocks, indexes, some currencies... I remember his video on Facebook (FB) right after its IPO nailed every downside level and congestion zone.
I've seen his work.
Price and Volume Forensics Specialist
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
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
#7
SemiBizz
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Volume Dynamics Specialist
Posted 07 June 2013 - 10:35 AM
It's amazing to me how Volume is a great tool if you really understand how to use it..
I see all kinds of analysis using volume that is my opinion FLAWED.
Up Volume/Down Volume, Volume by Price.
All meaningless.
The predictive powers of a coin flip.
Price and Volume Forensics Specialist
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
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
#8
fib_1618
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Posted 07 June 2013 - 11:06 AM
Yes, they are "price by volume" bars.If so, are you sure those are volume bars?
Fib
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
Technical Watch Subscriptions
#9
diogenes227
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Posted 07 June 2013 - 11:12 AM
Yes, they are "price by volume" bars.If so, are you sure those are volume bars?
Fib
Thanks. Where is that setup in StockCharts?
"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).
“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”
"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."
#10
fib_1618
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Posted 07 June 2013 - 11:48 AM
It's in the "Overlays" drop down box under "Volume by Price".Yes, they are "price by volume" bars.If so, are you sure those are volume bars?
Fib
Thanks. Where is that setup in StockCharts?
You can play with the parameters as well.
Fib
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
Technical Watch Subscriptions
