The axioms of financial market analysis (or the whole truth about the right and wrong use of indicators) - page 5

[Alexey Busygin]

mmmoguschiy:
everything in the world is relative ))

That's right!

[Olexiy Polyakov]

mmmoguschiy:
Let us go further. What does the volume and order flow depend on? The actions of people. What do people's actions depend on? The decisions they make. What are their decisions based on? Emotions. What can influence people's emotions? World events and news. If you know the news and can influence it - you are the Market King! You're a Dummy!!! :-D

What you are saying is impossible and not available, it is not possible for a normal trader to influence news or the mood of stock players, and you can easily get information onorder flow (the feed) and transaction volume from normal stock trading terminals.

[ratnasambhava]

10937:

Unfortunately I cannot agree with you!!!

Price is only a consequence, so to speak, price is a lagging indicator!!! The progenitors of the price are: the flow of orders (the tape) and the volume of transactions, and then all this is displayed on the chart in the form of price!!! You can study the behaviour of prices and this will of course give you a working trading system! But if you add volume to price, you will get an advantage over those who do not use it, if you can also analyze the tape (order flow), then you are the king of the market! ))))

I agree. Yes, the wider we dig, with the same depth, the more objective our view of the situation will be and the more accurate our actions will be, all other things being equal. But if we dig not wider, but deeper and/or more precisely, the result of our actions can be even more effective. So the point is, how thorough and how genuine (truthful) our knowledge is, as a result of a thorough analysis, our actions will be infallible.
And yet, I completely agree with Dow's axiom about the DIFFERENCE of price analysis, because EVERYTHING has already been taken into account in it. It means that if we have analysed price value, we have sort of analysed and understood everything else: all the causes and all the conditions which follow, including volumes and foundations. And the purpose of such an analysis is to gain a SIGHT of truthful, thorough knowledge.

I would like to say a few more words about "an advantage over those". Here I have a different point of view. Do you even need this very advantage for profitable trading? Isn't it enough to be efficient? This is a market, a bazaar. Trade skillfully and you will make a profit. What, for example, sellers of potatoes at the bazaar are so concerned about this very "advantage": they estimated prices in the market, put up a price tag and trade. And if, on the contrary, you come to buy, check the price, if you are satisfied, you buy, if you are not satisfied, you haggle and buy. Some people have more profit, some have less, some have saved more, some have less. There are potato sellers and potato buyers, and that is enough. And no one is at all worried about some mythical advantage over someone else. That is, there is absolutely no need for "those who do not have an advantage", or rather, there is no need for this advantage, per se. That's an unusual way of looking at it.

This even leads to the following conclusion: if someone in a discussion starts talking about the need for "an advantage over someone", his interlocutor or opponent must necessarily begin to engender an image of KITCHEN. A suitable term for this phenomenon has been coined - the "kitchen gaze".

I am not imposing my opinion on anyone.

[Mr. Trillioner]

10937:

What you are saying is impossible and not available, it is impossible for a normal trader to influence the news or the mood of the stock players, and you can easily get information onorder flow (the feed) and the volume of trades from normal stock trading terminals.

It is hard to understand you - at first you are abstracting from everything and sticking to postulates. Now you are getting specific - you are a normal trader. Make up your mind

[Mr. Trillioner]

ratnasambhava:

I would like to say a few more words about "advantage over those". I have a different point of view here. Is this advantage even necessary for profitable trading? Isn't it enough just to be efficient? This is a market, a bazaar. Trade skillfully and you will make a profit. What, for example, sellers of potatoes at the bazaar are so concerned about this very "advantage": they estimated prices in the market, put up a price tag and trade. And if, on the contrary, you come to buy, check the price, if you are satisfied, you buy, if you are not satisfied, you haggle and buy. Some people have more profit, some have less, some have saved more, some have less. There are potato sellers and potato buyers, and that is enough. And no one is at all worried about some mythical advantage over someone else. That is, there is absolutely no need for "those who do not have an advantage", or rather, there is no need for this advantage, per se. That is the unusual way of looking at it.

It all depends on what you're after with these very potatoes. As Useddd correctly observed, we see the product as an opportunity for resale to someone else, not as final consumption. You are looking at everything from the perspective of end buyers and end sellers. Some people simply need potatoes to make soup out of them; some need them to sell them at the current market price in order to get the proceeds to buy some other product at the market price at the moment of purchase. But we are talking about the profit from the resale of currencies - buy, hold and sell. The advantage in this case will be taken as some kind of insider information. Let's say a wholesaler finds out that potatoes will depreciate by 30% after some time. Naturally, he needs to sell them. And sell it as quickly as possible. But sell it without anyone realizing or panicking, thereby lowering the overall price. He will do it gradually, keeping the price at a certain level. In the end, if any of the neighbouring small sellers will sell cheaper than him, he may even buy back his volume before anyone else has a chance to see it, in order to return the price to its previous level and not cause a panic again. And there are a lot of such methods.
Our task, through the analysis of volumes, price movements, news, etc. is to analyze in time, detect the mood of the insider who has got the advantage and follow him :)

[stranger]

barabashkakvn:
And preferably all the axioms should be accompanied by drawings and implementation in the form of MQL code. This will be cool.

How can such axioms be accompanied by code if the mt program is completely devoid of these trading volumes)?

[stranger]

IvanIvanov:
What is an "axiom"?

Read the fifth-grade maths in a parochial school.

[stranger]

What are you five pages of water in a pail here?

There is an underlying asset, on currencies it is futures, and its derivatives such as options, for example, apply to the same currencies again. Daily and weekly reports of their trading volumes are posted here http://cmegroup.com

If you do not like currencies, take any other instrument, metals, commodities, stocks, the essence does not change, the laws are the same everywhere.

Use them and you will be happy.)

[Mr. Trillioner]

stranger:

What are you five pages of water in a pail here?

There is an underlying asset, on currencies it is futures, and its derivatives such as options, for example, apply to the same currencies again. Daily and weekly reports of their trading volumes are posted here http://cmegroup.com

If you do not like currencies, take any other instrument, metals, commodities, stocks, the essence does not change, the laws are the same everywhere.

Use them and you will be happy.)

It is an outdated data. They do not have advanced Level II by any chance? :-D

[stranger]

Useddd:

Potatoes again))))

"the laws are the same everywhere"

https://www.mql5.com/ru/forum/41067/page5#comment_1395568