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Hi,
Most traders--and therefore indicators--track price but not volume. Few look at volume, and I have heard or read some people even discount volume as unimportant, even confusing and thus, essentially useless. Back in the early part of the 1900s (way back in the day :), before technology allowed people to develop indicators, wise trades charted point & figure and later verticle line charts with volume by hand. I believe the hand charting gave them a unique and intimate understanding of movement in the market that we are probably unable to achieve with computers. In any event, one trader in particular, Richard D. Wyckoff, developed a complete and highly effective methodology based on the supply and demand characteristics of the market which exist in all time frames and can only be understood through analysis of price, volume, and their interaction. Wyckoff was famous in his day (until about 1938), until he died
prematurely from an illness. Believe it or not, some 75 years later, his work lives on having been developed further from the 1940s through and including the present. Wyckoff set up a small company to educate traders, and this same company continues. It's called the Wyckoff/Stock Market Institute. They have a wealth of material and a complete, indepth course in the Wyckoff method of trading the market that has been developed and refined over the past century. You must be forewarned, however, that they won't talk to you about indicators, and they don't even use a website! But if your interest is in learning everything about price & volume, it's unlikely you will find a better source. You can reach SMI at 602-942-5581 or via email at smi@xxxxxxxxxxx. They are very friendly people, highly knowledgeable about the market, and can tell you what they have to
offer.
Good luck!
Whit
lynn14344 <darisr@xxxxxxxxxxxxxx> wrote:
Hi
Thats a good indicator with volume but how and where can I learn
about price/volume.
Thank you
--- In equismetastock@xxxxxxxxxxxxxxx, "RR" <stocks@xxxx> wrote:
> Use the price indicator; nothing beats looking at the price bars.
>
> -----Original Message-----
> From: chichungchoi [mailto:no_reply@xxxxxxxxxxxxxxx]
> Sent: Sunday, January 09, 2005 6:01 PM
> To: equismetastock@xxxxxxxxxxxxxxx
> Subject: [EquisMetaStock Group] Should I follow indicators?
>
>
>
>
>
> There are too much indicators for trading. Could anyone give me
any
> advise whether I should strictly follow one indicator to trade or
> determine the trend with a lot of indicators for confirmation on
any
> trading signals?
>
> If I follow one
indicator, I will get a clear boundary for entry
and
> exit. If I determine the trend with a lot of indicators, I wait
most
> of the time, and miss the entry and exit, because there is no
clear
> boundary.
>
> Does anyone have any suggestion?
> Thank you
> Eric
>
>
>
>
>
>
>
>
>
>
> Yahoo! Groups Links
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