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Blu-Ray, as much as I respect your incredible knowledge of the markets, you are mistaken here. As my statistics professor used to say, "There is safety in numbers." Trade volume is an absolute, a hard number. That hard number is reflected in a one-to-one correspondence to the size of the volume bars. There is no room for "giving an impression" with a hard number. The fakeouts you are describing are not reflected in the actual trade volume. Not even the so-called smart money can give the impression that there are more buyers than sellers, at least not if you can separate volume up from volume down...you know what, I think it's time we peeled this discussion off to a separate thread and I started posting examples.....the problem is, TradersLab is taking over my life. I am spending WAY too many hours a day reading and replying....information overload! |
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Tasuki
It's okay, I don't mind agreeing to disagree,
but I'll just post a quick example.
As you can see in the chart posted, price is 13702 Bid and 13703 Ask.
You put a limit order in at 13700. Suddenly price comes down and you get filled.
Your 1 lot limit order WILL NOT show on the time and sales as a
BUY and it won't show as
Green on your up/down Volume indicator.
What it will show on the time and sales is the "aggressive seller" who sold at market. For example, he sold 10 lots, ( with your 1 lot being one of them)
10 lots will show on the time and sales and that will show as
RED on your up/down volume indicator .
But...... clearly you bought.
Hope this makes sense.
And as for TL taking over your life, ditto
Cheers
Blu-Ray