Market Statistics (Volume Histogram, VWAP with SD bands) - page 8

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fxbs
3203
fxbs  
Pava:
keep your friends close and your enemies closer...HaHa

hey, enough flooding already!

pavaka
4412
pavaka  

?

fxbs:
hey, enough flooding already!

that's not flooding..this is a quote from a movie "The Godfather"

fxbs
3203
fxbs  

it is flood,- pls, don't offend ppl intelligence (quote)

enough bulsht

Walander
576
Walander  

Limz,

It was not for you, I did not quote the idiot because there's enough crap in this thread as it is for people to read.

You were most likely posting the same time as I was.

Cheers,

PS. Pava your imaginary friends are all you need.

akifusenet
292
akifusenet  

Please

Just want to remind everybody "the ignore rule".

Please...

Akif,

Limstylz
198
Limstylz  

Thats alright then

Walander,

I thought I was going to have to break out my nuclear missiles and unleash some devestation... No worries, standing down from defcon

xyz1453
225
xyz1453  

I dont mean to discourage, nor do I deny the importance of the volume concept.But here is an interesting discussion about the volume from elitetrader: Forums - Volume analysis is to be discarded as it is "too much information"

Price can move up with little or no volume. Price can move down with little or no volume. Price can move up with a lot of volume. Price can move down with a lot of volume. Price can move up with average volume. Price can move down with average volume. Price can move up with a little above average volume. Price can move down with a little above average volume. Price can move up with a little below average volume. Price can move down with a little below average volume. Price can move up with a little less than a lot of volume. Price can move down with a little less than a lot of volume. Price can remain unchanged with little or no volume. Price can remain unchanged with a lot of volume. Price can remain unchanged with average volume. Price can remain unchanged with a little above average volume. Price can remain unchanged with a little below average volume. Price can remain unchanged with a little less than a lot of volume. Price can -----

Limstylz
198
Limstylz  

Doesn't really use volume like that

Mystified,

Volume in Market Statistics and Market profile is used in a different way. Volume is typically used over linear time to show immediate market participants (VSA), however MS and MP use volume over price and this shows us the overall areas of likely supply and demand and doesn't care about when the prices were reached, only that they had been reached. Every time a price is reached it adds to the tally for that price. The end result shows the accumulation and distribution of price and market participants (buyers and sellers).

In short, the author of your post is typically looking at volume over linear time rather than volume over price (in actual fact its volume over price over non-linear time).

florinv75
232
florinv75  

i would recommend you to read tom williams' "master the markets" - a very good book wrote by a former institutional trader.

mystified:
I dont mean to discourage, nor do I deny the importance of the volume concept.But here is an interesting discussion about the volume from elitetrader: Forums - Volume analysis is to be discarded as it is "too much information" Price can move up with little or no volume. Price can move down with little or no volume. Price can move up with a lot of volume. Price can move down with a lot of volume. Price can move up with average volume. Price can move down with average volume. Price can move up with a little above average volume. Price can move down with a little above average volume. Price can move up with a little below average volume. Price can move down with a little below average volume. Price can move up with a little less than a lot of volume. Price can move down with a little less than a lot of volume. Price can remain unchanged with little or no volume. Price can remain unchanged with a lot of volume. Price can remain unchanged with average volume. Price can remain unchanged with a little above average volume. Price can remain unchanged with a little below average volume. Price can remain unchanged with a little less than a lot of volume. Price can -----
fxcruiser
1053
fxcruiser  
akift:
Just want to remind everybody "the ignore rule".

Please...

Akif,

I abide by that rule. I just want to clarify some statements made earlier as a result of my post here.

First, let me reiterate, "Using this for anything less than 1H charts would NOT be stupid." Market statistics, value area levels, and VWAP are levels of support and resistance calculated and plotted differently on price chart. The fact is, there are those of us who can trade on m1 [lower than H1] successtully and there are those who cannot. It's all a matter of preference and finding your comfort zone and confidence level and that does not make it or anyone else stupid.

Second, the resulting response was totally uncalled for and out of context.

Walander:
I don't know FXcruiser.

I'd respect your opinion, but regardless what you've given this forum was a broken system you left hanging and false promises of a group that never was created.

I'll agree to disagree.

I don't know the relevance of the "broken system you left hanging and false promises...." on my post and on this thread. Since, it got drag in here, please allow me to clear up something.

1. This must be in reference to the HAMA thread. For the thread readers benefit and information, HAMA is still being used profitably by those who put in the time and effort to learn it. Other forum threads have spun out of the HAMA indicator. There are even EAs based on it. The H2 method which is a second generation HAMA has been discontinued. The exclusive Z3 Convergence System is working much better than before when the overall market flow, market cycle, and statistically based market timing were incorporated to it. There isn't anything broken nor anything left hanging. Again, there those who can trade with it even on m1 time frame and there those who cannot.

2. There are no "false promises of a group". HAMA Traders Group is alive and well. Yes, it is smaller and it is exclusive to and for the few and the brave who can withstand the tests. Yes, the membership is closed and it has been by invitation and qualification only. I have been wanting to reopen the membership but I just could not get the timing. I am not a commercial system vendor; I do it for a cause and mission and only when I can spend the time to do it. If that is what was referred to as false promises, then so be it. Plus, I do not teach anyone how to trade, I can only coach someone how to become an optimimum trader. Again, HAMA Traders Group is way beyond systems and indicators and it is not for everybody.

Thanks, again Akif for porting the market statistics and VWAP to MT4 and starting this thread. This is my last post and you know how to contact me. Best wishes to you and everyone else who follow this thread and implement the method into their trading.

ENJOY!

fxcruiser

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