The Price / Volume Relationship

[The Price / Volume Relationship]

The most definitive source of correct and accurate information is the market itself. Everyday it provides us feedback. It shows a trader everything he/she needs and it shows us where our strengths and/or weaknesses lie. It tells us where we are solid and where there is room for refinement. Spydertrader cannot make the journey for anyone of us but only act as a guide. In his great efforts, he has provided us all a record of the things required to learn to listen to the market and to learn from the market. I think many of us have come to a place where we feel the need to be graded on our homework. The market gives out grades everyday and it gives out homework as well.

 

Just my 2c

 

Exactly.

 

Discussion is a poor substitute for differentiation, where the answers come from the market itself.

 

However, if one chooses to advance their knowledge via discussion, IMHO it should be with someone who has the answers and can act as a guide, rather than someone still searching for the answers themselves.

[The Price / Volume Relationship]

It is great to have an active discussion of the method again. It is entirely possible to have a sharp, clear discussion without resorting to things 'pissy and snippy', such as condescension, ad hominems, misrepresentations, etc. It is most frequently the arrogance of ignorance which gives rise to such manoeuvers and as true discussants of the method we are above all that.

 

With respect to these methods, I agree that discussion can be valuable if one party is a definitive source (aka transference). Otherwise, the perceived benefit differs enormously from the actual benefit.

 

IMO, one creates an appropriate ego by putting it on the line and and building it anew when necessary. This should not be a big deal for anyone, although it does take a little practice to get used to doing it. The reward is new knowledge. Multiple moments of 'doh' will inevitably lead to a fabled 'aha'. If you experience a few 'haha's' at your own expense on the way to the 'aha', that makes it even better.

 

Differentiation is the path to ahas and 'new knowledge', and ego has no place there.

[The Price / Volume Relationship]

Sorry Neoxx, I thought I had discovered something about P2s and wanted to share this by testing romanus's assertion, nay tenet. It was a useful discussion for me at least. I shall keep my own counsel from now on.

 

Spyder is a valuable - but finite - resource, and this thread represents a unique opportunity for a lot of people, from those barely out of the starting blocks, to others (myself included) who may have stumbled at certain steps on the path to differentiation.

 

In the brief life of this thread, Spyder has already crystallized a number of important points, clarified certain others, and provided an accessible and up-to-date roadmap for continued progress.

 

I meant nothing personal, and hope I haven't deterred you from continuing to actively participate in this thread.

 

I simply meant it's in our collective best interests to foster an atmosphere conducive to clarity, candour and Spyder's continued input.

[The Price / Volume Relationship]

I, for one, would be very disappointed if this thread became embroiled in debate, discussion and verbal sparring, for which the other contemporary thread may serve a better arena.

 

We're grateful to have Spyder back, as what may be a 'last gasp' effort to bring everyone up to speed, and, at least in my opinion, the onus should be on promoting maximum utility.

 

I sincerely hope this thread does not become derailed, teeter on the brink, and plummet into the precipice.

[The Price / Volume Relationship]

I came unstuck when I was reliably informed that the period from 11:05 to 13:05 on the attached chart was "just a tape".....

 

I suspect the 11:50-12:50 lateral may have had something to do with that...

[The Price / Volume Relationship]

This Morning's non-dominant traverse.

 

 

 

If the price pane were blanked out in this example, should we still know we have a traverse rather than a tape?

 

If we were expecting a Dominant (rather than a non-dominant) traverse, would the same answer hold true?

 

Many thanks,

Neo

[Ideal Volume in Channel UP/Down]

don't confuse "Right Trendline Line" with "correct trend line". (note capitalized letters)

 

Here's another illustration that depicts the RTL (right trendline), LTL (left trendline) and basic volume pattern in uptrends and downtrends.

 

[Pretty Neat Paint Programme]

I use Faststone (also free)

FastStone Image Viewer, Screen Capture, Photo Resizer ...

 

pretty powerful program

 

you can draw your arrows, then re-position it on the chart... a very handy feature not found on most drawing programs.

 

I second this... really versatile application.