ER2 5min Tick Volumes (SuperSize Me!!)

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FredBloggs

Guest
Ive noticed ER2 tick volumes on the 5 min chart explode over these last 2 days as the market pukes. not uncommon to see 1000+ ticks in 5min this week.

i keep an eye on this as usually, from my experience since ive been trading er2 (just over a year now), tick volumes of 1000+ on the 5 min chart usually spell the end of the move - a climax if you like, and i start looking for chances to either reverse or stay out. i dont look to get in as usually the move is over.

obviously i havent made much on these last 2 days on the fall (although i did just get my first short on @ 6549 and already taken profit & stop at entry level - probably not much left to the move, but you never know....). the reason being the huge volume has made me think naa its an exhaustion - stay away - clearly ive been so so so wrong!

has anyone else noticed these irregularly large volumes?

do you think they are here to stay, and i need to find a new threshold level?

or are they just a phenomena of this massive move we are seeing?

how does this compare to other futures (or other markets) that youve traded as the character changes over time?

discuss...... :D

hugs & kisses

fred
 
Fred, I think the increase in volume you are seeing is across the board in stock index futures. For example, those big 5 minute bars in the er2 are showing up as 40-70K contract bars in the es. I think it's a function of the move itself and not something russell specific.
 
cheers boyplunger - to be honest i havent looked at the others as i dont trade them - so the volume wouldnt mean much to me on a comparative basis

as far as tick volume goes though, i am shocked to see that 30m tick volume on er2 is almost the same level as es!!

remember this is tick volume here, not contract volume. i would be interested at contract comparisons - but my platform doesnt provide it intraday (futuresource)
 
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