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  1. Scataphagos

    Is volume analysis useful in index futures?

    Yes, but it wasn't a great living. Lots of fun for a guy in his 20s.
  2. Scataphagos

    Is volume analysis useful in index futures?

    Exactly right! I understand why we don't want to be guilty of "overtrading" (and just what determines "over"?) Adding volume consideration is "one more variable to line up in the trader's mind". The more variables you need to convince a trader to make a play, the fewer trades he's going to...
  3. Scataphagos

    Is volume analysis useful in index futures?

    That's "volume", yes.... but just the size of the bid/ask on the DOM. Good to know if you're trying to trade size in a thinner market. However whatever the bid/ask volume on the DOM, it doesn't add to picking a winning trade or avoiding a losing one.
  4. Scataphagos

    Is volume analysis useful in index futures?

    You have the best notion... they are coincident and therefore volume is redundant.
  5. Scataphagos

    Is volume analysis useful in index futures?

    Thanks for your offer, but I concluded years ago that volume consideration for trades was at best coincident and at worst harmful.... which is why I posted to OP, "don't waste your time on it." I know, it drives volume believers nuts when I say it's irrelevant/harmful. But I messed with it for...
  6. Scataphagos

    Is volume analysis useful in index futures?

    Why not? You figured it out already once before. :)
  7. Scataphagos

    Is volume analysis useful in index futures?

    Nope. Just saying, "if you think volume is additive in helping you make better trading decisions, you haven't figured it out yet". So... here's a little helper for everybody... If you believe in volume analysis... when you're ready to make a trading decision, consider what you'd do without...
  8. Scataphagos

    Is volume analysis useful in index futures?

    Arguing trading is like arguing religion. (Good idea to avoid both) I hear a lot of gum flapping, but I don't see any proof or examples....
  9. Scataphagos

    Is volume analysis useful in index futures?

    If you're talking about "high volume at certain prices in the profile", I understand what that means. If I get your meaning, it is also irrelevant.
  10. Scataphagos

    Is volume analysis useful in index futures?

    If relevant, you'd get the same info from price alone (whatever "net volume" is?).
  11. Scataphagos

    Is volume analysis useful in index futures?

    Nope. That's not what I said at all. I say, "volume considerations are at best coincident... at worst, encourages erroneous trading decisions.". The way YOU use volume (as a "bar filler"... a substitute for time) doesn't apply to this discussion. I get it that "you use volumetric bars...
  12. Scataphagos

    Is volume analysis useful in index futures?

    Not a matter of "for anyone". It's a matter of "is or isn't"
  13. Scataphagos

    How many years are necessary to consider yourself a successful trader?

    Yeah, well that's not the hoi polloi of ETers.
  14. Scataphagos

    How many years are necessary to consider yourself a successful trader?

    Like I said. Few get "K.I.S.S."
  15. Scataphagos

    Is volume analysis useful in index futures?

    It can be "important as all get out in the absolute" (whatever the Heck that means)... but is it important to a trading decision? I say NOT!
  16. Scataphagos

    Is volume analysis useful in index futures?

    Theoretically there can be a big volume spike with little change in price. If that occurs, then the volume means nothing. Then again, how often does that happen?
  17. Scataphagos

    Is volume analysis useful in index futures?

    Nothing of value.
  18. Scataphagos

    How many years are necessary to consider yourself a successful trader?

    "9-digits... $100 Million+"? That's tall cotton for ETers. Sorry, that's not K.I.S.S. Don't think I can help on that.
  19. Scataphagos

    How many years are necessary to consider yourself a successful trader?

    "Some" aspects of the markets are complex. Others are less so. Find the ones "less so" and trade them... that's the essence of K.I.S.S.
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