Hi All;
I've been using Volume sticks on my Globex trading (SP500, YMM) and , after some experience it really can tell me lot about marked intentions, sentiment, players, but you have to watch them same way as candles; invidually and in a group(for example they often clearly tell you when minitrend is about to end, is any enthusiasm left in market.
I recently came across VSA, read a book, watched several presentations, and must say that many times their conclusions are correct ( I recognized the action, now I know what it is.. kind of inventing a wheel thing..)...and I did not use their pricely courses or software ( I'm sure they a perfectly ok.), but often VSA pattern is there, but results not as predicted( of course they rarely show you those:) ), as with everything in trading live.
I would rather, if you think that Volume is important (if you can measure it; I hear in Forex is not possible ), treat these Volume sticks as candles you study every day both togther to see relations, and not only invidually but also bigger picture.
There is plenty of free material on the Web to learn about that.
Anyway, it's my penny, whatever is it worth.
Happy ticking everybody!
Januszom