[monad]

Sound more like observing climactic situations at certain support or resistance levels.
If there is a substantial surge in vol at these levels followed by prices going in opposite direction on lower vol, then supply has overcome demand for the time being in rising market and vice versa. These are high vol up bars followed by sideways trading and then prices falling on low vol. It could represent lack on selling if retracement is occuring or lack of demand if reversal. This is where volume study is imperative as it represents effort and any movement in price is the result thereof.

[DbPhoenix]

Originally Posted by monad »

Sound more like observing climactic situations at certain support or resistance levels.
If there is a substantial surge in vol at these levels followed by prices going in opposite direction on lower vol, then supply has overcome demand for the time being in rising market and vice versa. These are high vol up bars followed by sideways trading and then prices falling on low vol. It could represent lack on selling if retracement is occuring or lack of demand if reversal. This is where volume study is imperative as it represents effort and any movement in price is the result thereof.

If by "rising market" you mean price that is rising after having bounced off support, then it's actually the opposite, i.e., demand has overcome supply, or, more exactly, sellers are done and demand is allowed to move price higher without being impeded.

Again, it's always more helpful to have a chart. But there are plenty of examples available already. See the Volume Observation thread, for one.

[facc]

I cannot attach a chart , since my chart saves it as something called ch. But what i am talking about is imbalance. For example after unemployment report came out today around 08.30 est price went up 10 points and there was around 38000 lots traded at the bid and 11000 at the ask.

Or we have a lot of buyers buying at the bid or there is clearly something i am missing here.

[DbPhoenix]

Originally Posted by facc »

I cannot attach a chart , since my chart saves it as something called ch. But what i am talking about is imbalance. For example after unemployment report came out today around 08.30 est price went up 10 points and there was around 38000 lots traded at the bid and 11000 at the ask.

Or we have a lot of buyers buying at the bid or there is clearly something i am missing here.

As for charts, you can copy your chart to Paint and save it as a gif, jpg, etc.

But as for lots "traded" at the bid or ask, transactions do not distinguish between bid and ask. How many transactions were there at 08:30 in total? If there were what you consider to be a great many, and price rose 10pts, then demand outweighed supply. It's that simple.

Again, there are lots of examples in the Volume Observation thread (see link above).

[facc]

I will have a look there, thanks.

[za_xc03]

I having a few issue hoped friends here can help me :-

1)What contrasts between "volume by Price" with "volume in thousand".
2)How to read movement of both "volume". Do it same or having differences.

Thank you.

[DbPhoenix]

Originally Posted by za_xc03 »

I having a few issue hoped friends here can help me :-

1)What contrasts between "volume by Price" with "volume in thousand".
2)How to read movement of both "volume". Do it same or having differences.

Thank you.

If by "volume in thousand" you're referring to vertical volume bars in histogram form, those represent quantity in time, that is, how many shares (or whatever) changed hands in whatever interval you're using: 1m, 5m, 1hr, 1 day, etc.

Volume By Price tells you how many shares etc changed hands at a particular price, without particular regard to time (except of course for the time period you select to plot the VBP). The histogram will tell you how many shares were exchanged during a given time interval, but they won't tell you at what price those shares were exchanged. The VBP will.

As to how to read the movements, there are several threads here on volume, though I'd suggest starting here. As for reading VBP, there's also a lot of information in the forum, but a quick and dirty option is here and here.

[johnjohn1hew]

My statements were ignored in the Hinges thread, so i decided to move over here. Here is my definition of a hinge:

It is an occurrence where neither side has an inclination to see price head anywhere (due to the testing of their patience), represented by the traders' lack of participation. What ever buyers are willing to take price up, realize that they will most likely just be overcome and price will go back down and the sellers do the same thing when they are getting closer to the support. These movements become smaller and smaller until price is practically a straight horizontal line. When price becomes nothing, i conclude that the previous directional disposition is eliminated and a new movement (whether it is in the same direction as the prior movement or not) is it come.

What is your opinion?