Looking through this excellent and most informative site (trade2win) about volume visualisation software and have found that there seems to be a massive school of traders who use real time volume analysis and gauge sentiment resistance support by watching the behaviour of volume.
This is the start of one such thread
http://www.trade2win.com/boards/pri...-volume-support-resistance-demand-supply.html
'I'm interested in price and price movement as a manifestation of the dynamics of buying and selling pressures and how the results of all this determine support and resistance and trend. This isn't about indicators or Level II or Gann or Elliott or Wolfe or Fibonacci or moving averages or "channels", which is not to say that any or all of those things may not be perfectly wonderful and may be signposts on the road to riches. But they are of no interest to me. And there may be like-minded individuals to whom they are of no interest either. If so, this thread may provide shelter and sustenance.'
This all makes sense to me, as I have seen the smartest systems and indicators try to predict the future and blow up.
Other threads;
http://www.trade2win.com/boards/price-volume/12480-volume-tells-all.html
http://www.trade2win.com/boards/price-volume/6892-importance-volume.html
http://www.trade2win.com/boards/price-volume/15322-volume-analysis.html
These are all grouped under Technical Analysis/ Price and Volume btw
However I could not find any information about any software that they use, in fact one guy posted asking if anyone knew any and got no reply;
http://www.trade2win.com/boards/price-volume/29278-trade-volume-analysis.html
Does any one know of any other volume visualisation software out there? surely the system mentioned above cannot be the only one? I dont mean VWAP
There are also traders who do not agree that real time volume is important though but they seem to be aware of it.
BCGS and Stoploss you are using this on the course, how does it help?
So the software uses visualisation techniques to illustrate buy and sell pressures by displaying in real time actual trade volumes (and does not give buy and sell signals, like the halfwit who was overwhelmed with info put it earlier)
Is it possible that there are a bunch of traders out there who do not even know about the existence of certain concepts and methods outside their own charts and indicators?
Could this fact be an advantage for those who come late and are willing to adapt to new concepts and market conditions?
Talking about learning, It was mentioned in an earlier post that no one should pay for training as there is a lot of free info available. The point is that there is way too much stuff around. Just as we do not educate students by leaving them in a library and expecting them to graduate 3 years later, we need guidance especially at the start, the guidance should be from someone who has gone through the journey and has previously guided several generations of students.
So if you could afford to send your first born to private school, would you say 'no its a scam, because there are free state schools' Just like the Labour politician who had a real incentive to take that route, she sent her kid to a private school even though her party whip was insisting state schools were as good.
Therefore its safe to assume that a rational person who could afford it would opt for the more expensive route if it offered an advantage to the cheaper one, add the factor of competition amongst ones peers. You want your kid to succeed in a competitive world, so if you can afford it you pay for any advantage. Trading seems to be also competitive.
Or maybe the poster meant that there are lots of free quality trading courses available rite now offered by charitable banks and prop houses.
Maybe the poster means, read my information, then learn the practical part on the job.
Maybe would be pilots who cannot get onto BAs training course should read a few books, then start flying for real as training is a scam.
If I was straight out of school again, I could probably get on to a training scheme offered by a bank or prop house with salary and training etc. (I now know what I really want, didnt then)
However I am as committed to becoming a good trader as anyone out there and I would rather have training guaranteed to me for a price, rather than teach myself by experience. The real training will come from me been in the markets daily over the next couple of years (it takes that long to know what you are really doing even on a bank prop desk) any short course is just to get started.
