Disliked{quote} Truth is that a trader might not understand the reason, but not that there is no (apparent) reason or that it is against rational. "Markets" care about volume and price, while retail traders usually stare at time-based charts, which mean nothing to "markets", and might not have access to the volume distribution along the price scale, i.e. in forex.Ignored
Agreed, the majority of my experience is in equity markets and there volume does tell you something extra. I assume all liquid, freely traded market are similar, the problem in retail forex is that the volume is not so easily observable.
To be honest, I'm not sure exactly what markets care about, it seems to me they care more or less about different things at different times. Rather like fashion! Over time I have come to cut a simplifying knife through all of this and just look at price action, not the reasons or the volume. Price will tell me what I need to know efficiently enough and, moreover, it is price that I actually trade in, not volume or news nor anything else. Once you start widening your horizons it is too easy to be caught in conflicting waves of information so I just stick to price, imperfect as it may be, and work with that.
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