How to read this VOLUME chart ?

[Scataphagos]

I have 3k-9k-27k on the ES which account for reasonably paced charts.

Is that "tic volume bars?"

 

[speedo]

Is that "tic volume bars?"

Number of transactions but not much different to constant volume

 

[Scataphagos]

My 3k is roughly equivalent to a 3 minute.

That's OK... but recognize your tic volume charts are telling you the same as "time" charts... that is the high-low for a given "period"... whether that period is measured in number of contracts traded or number of seconds.

The major benefit of very short term bars... is "number of times* a support/resistance price has held." Shows up most in tic charts.

* 4 or 5, even better. Likely seen only on tic charts.

 

[speedo]

Yes, give me a minute and I'll post a chart.

 

[padutrader]

In some earlier post, you inferred you were trading with $20 Million or more. Is that your personal money? OPM? I ask.. and please don't take offense... but for someone with that much capital to trade, you posts seem... how can I put this... naive?

no do not have more than 10 usd

 

[Scataphagos]

no do not have more than 10 usd

No worries. Every trader "gets it when he does", if ever.

 

[speedo]

 

[ElectricSavant]

What did the double stochastics do for you there? The entry?

ES

View attachment 189755

 

[padutrader]

No worries. Every trader "gets it when he does", if ever.

as long as my dog is with me i do not care!

 

[p0box4]

It's not a "difficult way to trade". Adding volume to the mix of trading decisions can only harm results. You don't get paid for being "in tune" with volume. You get paid for being in tune with "price".

In some earlier post, you inferred you were trading with $20 Million or more. Is that your personal money? OPM? I ask.. and please don't take offense... but for someone with that much capital to trade, you posts seem... how can I put this... naive?

Interesting, some time ago he posted he was training Goldman Sachs employees on how to use volume.

Maybe ET should implement a bullshit indicator so other forum members can estimate if the person they are replying to or having a discussion with is at least a little bit credible.