No volume analysis

[No volume analysis]

Using Tick charts, too, will help you see the volume without having volume bars. As the bars form faster, you know there's more going into the market.

 

For divergences, as Soul was mentioning my with my trading, I look at the number of contracts at the bid versus ask, and use the delta of that to see how much pressure there is as we approach pivot levels, or market profile levels. See some of the pictures under my name on the right under "my photos" to see more of what I'm talking about. It's a very useful tool!

 

best of luck

 

TinGull,

I hadn't thought of tick volume.

Interesting your divergence strategy.

Thanks all.

[No volume analysis]

It depends on what instruments you're talking about. In forex, there is no volume data at all so my only analysis is through price action, fibonacci levels, and session highs/lows, and natual S/R levels. In this case, all players are without this data so it's fair to everyone. In eminis, volume is an added and necessary data so using it is a must since you'll be at a disadvantage when others have access to it to give them an edge. Hope this helps.

 

Torero,

 

For my case it is Forex. Though I was interested to know if there would be a common technique for all markets.

 

Ant,

 

Thanks for the good reply.

[No volume analysis]

In my opinion it would not be wise to excluse volume from your analysis. Volume is the only tool that is not a derivative of price. Therefore the information is pure.

 

Although I do not necessarily plot volume on my intraday charts, I can read volume through the tape. Perhaps you may want to look into divergence signals using delta like Tingull does. You can also trade price patterns, learn market internals to judge strength and weakness, etc... There are so many ways you can base your trading on. Good luck.

 

Thanks for the reply Soultrader.

[No volume analysis]

I am interested in the most effective anlysis styles not using volume. My understanding is not all are in belief that volume moves price.

 

So without volume and just using price what are some amalysis methods that may provide what volume could help provide?

[15 pips to a FORTUNE]

So this needs a very high win rate with very small losses.

[Hi]

Hi guys,

 

It is very slow and I use broadband too.

[Identifying a top? How do you sense market weakness?]

Sorry for the newbie question but are TD lines trendlines? Thanks

 

They are a type of trend line but objective due to their application.

 

You can read bout them here: TD Line Qualifiers and potential filters @ Forex Factory

[Identifying a top? How do you sense market weakness?]

How about using trendlines and moving averages?

 

 

Try using TD lines!

 

They are used in Forex and can be used in other trading. They are OBJECTIVE trend lines with qualifiers to validate their signals - filtered trend lines. A trader can determine if a breakout is worth fading and if buying has been exhausted etc.

[Divergences: Indicators?]

Ive read alot on this forum about indicators being useless. However, I do think price and indicator divergence signals can be taken as a powerful trading signal.

 

If divergences such as RSI and MACD offers trading opportunities, why dont you guys use them? Thanks

 

Simply looking at divergences doesn't tell you WHY? Employing other methods at least gives you more insight. MACD tells you what price tells you as does RSI. Looking at divergences is like looking at a newspaper without taking it all in - sense my analogy? The talk is there, but what is in the talk? Tape reading helps.