Monday, October 22, 2012 11:35:11 AM
Volume speaks VOLUMES>....
Get rid of that word..."luck"=...thats a gamblers crutch...
MOSTLY an exchange call BATS, which was a very minor player when I was trying to use vol, and lots of HIDDEN trading went on and only reported vol after hours - appears that you have reasonably good luck with obv n vol, and I suppose the reason is that BATS has become a much BIGGER player and accordingly supplies much more useful data..
Volume speaks VOLUMES...volume often leads price=BUT it doesn't have to...above average daily volume can be significant...A change in the OBV= crosses its moving average=IS significant...a candle on the "candleVolume charts" (note goog chart from last week) may give that candle a great deal more significance than the candle with average or less than average candleVolume...IS significant...
SIGNIFICANT means you look where price is...= is it a "significant price chart line" such as one of the Bollinger Bands...support/resistance...trend line...one of those grail moving averages...et al "price chart signal lines"...that You may want to take action from...bottom line=no volume=no follow through...
Enjoy...
Be back in a few...
Get rid of that word..."luck"=...thats a gamblers crutch...
MOSTLY an exchange call BATS, which was a very minor player when I was trying to use vol, and lots of HIDDEN trading went on and only reported vol after hours - appears that you have reasonably good luck with obv n vol, and I suppose the reason is that BATS has become a much BIGGER player and accordingly supplies much more useful data..
Volume speaks VOLUMES...volume often leads price=BUT it doesn't have to...above average daily volume can be significant...A change in the OBV= crosses its moving average=IS significant...a candle on the "candleVolume charts" (note goog chart from last week) may give that candle a great deal more significance than the candle with average or less than average candleVolume...IS significant...
SIGNIFICANT means you look where price is...= is it a "significant price chart line" such as one of the Bollinger Bands...support/resistance...trend line...one of those grail moving averages...et al "price chart signal lines"...that You may want to take action from...bottom line=no volume=no follow through...
Enjoy...
Be back in a few...
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