For the Mini's does volume matter?

tiddlywinks · Jul 19, 2017

Jdesey said:
I have decided to lower the threshold to 3,000 CAR for 2 bars... it just feels a little crazy to have no volume rule at all.

Make it 3003, you could then at least say you're testing palindrome numbers.

Trade On!

Jdesey · Jul 19, 2017

EHH,.... okay, how about I add a criteria... the trade must never be entered unless the minute is a multiple of 3... like 10:06 or 13:33... but never 10:02 or god forbid 14:44

wrbtrader · Jul 19, 2017

Jdesey said:
EHH,.... okay, how about I add a criteria... the trade must never be entered unless the minute is a multiple of 3... like 10:06 or 13:33... but never 10:02 or god forbid 14:44

You asking about something to put into an automated trading system or you talking about a "manual" applied strict rule ?

Jdesey · Jul 19, 2017

Dude... I was kidding around

punisher · Jul 22, 2017

Jdesey said:
View attachment 175736 ... BUT notice down below on my volume chart that my 3 minute average was not above my threshold of 2K contracts so I did not take the trade
any thoughts?

Take it for what it is worth: it's these markets near or at ATH. Wait until we are below ATH, you may see it work better for you.

SunTrader · Jul 22, 2017

Many times volume follows the move. Why wait for it?

Including the PB reversal there was 4 green up bars before the volume came in.

punisher · Jul 22, 2017

SunTrader said:
Many times volume follows the move. Why wait for it?

Because it is ATH. You don't whether it is just short covering or some blow off volume. It is unknown territory so to speak, so it is hard to judge that volume.

OP's method includes volume to filter his trades. All I'm saying that with the market at ATHs he shouldn't pay too much attention to it and worry what's wrong with it.

SunTrader · Jul 22, 2017

punisher said:
Because it is ATH. You don't whether it is just short covering or some blow off volume. It is unknown territory so to speak, so it is hard to judge that volume.

OP's method includes volume to filter his trades. All I'm saying that with the market at ATHs he shouldn't pay too much attention to it and worry what's wrong with it.

He's using a 3 minute chart - ATH means chit.