Hi rayz,I was ambivalent about replying to your post, because it...

Hi rayz,
I was ambivalent about replying to your post, because it mostly seemed
rhetorical and a fully detailed response would require a reply much longer
than I have the time to provide. Nevertheless, for the sake clarity, I'll try
a "short" version...
In regards to what point of mine are you asking if I "take into account..."?
In general, I most certainly take volume into account. Price & Volume are
far more important to me than any indicators which are only derivatives or
one or both of them.

For every trade there is both a buyer and a seller and volume is, therefore,
the number of shares (and $'s) exchanged between buyers and sellers.
There is useful data to be gleaned from this info about supply and demand
but interpreting volume data is far more complex IMHO than you make it
sound. It is a very valuable tool and does not need to be overcomplicated
on a practical level within a trading system, but there is a lot of room for
interpretation (evidence to which is the vast array of literature on the topic).
I personally am a fan of Volume Spread Analysis (AKA price range volume
analysis) which makes just adding up all the volume in an uptrend a somewhat
questionable methodology, to begin with. That is the reason why a money flow
indicator such as TMF (which takes such factors into account) turned negative
the drop from 2.34 to 1.34. (see chart below).

Based on true volume (ASX + CHI-X data) if you simply add the volume in the
way you have implied then yes, you will have $700m+ on the rise (and bounce
from 1.34) over the retracement which would be quite aggressive. BUT,
if for example, you calculate bullish volume based only on the bars that closed
higher than the previous day you get $278m instead. If you look at the more
questionable candle bars on the rise and add them to the negative volume
you can get down to minus $882 million. That is all a relative simplification as
there are other arguments for ways to break it down. Different time frames will
also change the picture somewhat. If you really want I can share the data and
calculations to get those figures, but I assume you get the point. (Broker data can
obviously help sometimes with figuring out who is doing what as well...)



I mean in no way to be negative about BRN or its chart, just some food for thought for traders
& chartists. My comment about not trading around this level, is only a reflection of my personal
requirements for making a trade. I primarily only trade breakouts. I have what I consider very
good reasons for that but that is an entirely separate topic and would not resonate with
everyone. I have mentioned before that my chart comments are not a reflection of my long-term
perspective on the fundamentals of BRN. My hopes for its long-term future are very high.
I try to comment as honestly as possible on charts on a technical basis from a trader's
perspective since that is what defines my entires. I hold a decent amount of BRN with a
long-term view, but I will not add unless the opportunity meets my criteria. I do not change
my tone in an attempt to manipulate others in ways that would benefit me. I consider that a
disgusting way to make a living and I believe it is ultimately futile anyway.

Thank you for your input on the threads, I have gained much info from some of your posts.
I am only human and if I have made an error somewhere I am happy to be corrected...

GLTA