Please explain Volume Number

J

Jdesey

This is the ES, Sept contract, CME website.... can someone tell me what the numbers I have circled mean. It is the bar at 10:00 AM...
Does it mean there was 9,097 contracts traded in that 3 minute bar? or is it the two added together to make approx 19,000.... and what is the difference in the colors?
 

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Jdesey said:
This is the ES, Sept contract, CME website.... can someone tell me what the numbers I have circled mean. It is the bar at 10:00 AM...
Does it mean there was 9,097 contracts traded in that 3 minute bar? or is it the two added together to make approx 19,000.... and what is the difference in the colors?
More...

I brought up a 3mn chart and mine is at 9,471 and yes that's the implied belief. Each bar indicates how many trades were made. Its the software that compresses the quantity since we trade off of standard time, meaning your computer clock does not move every 3mn, but it moves in seconds.
 
Jdesey said:
This is the ES, Sept contract, CME website.... can someone tell me what the numbers I have circled mean. It is the bar at 10:00 AM...
Does it mean there was 9,097 contracts traded in that 3 minute bar? or is it the two added together to make approx 19,000.... and what is the difference in the colors?
More...

Forget volume on ES..total waste of time and money!
 
NO No No.... I have to use a volume criteria, otherwise I will way over trade.... so I only hit go if the volume for 2 bars in a row is over the 6 bar average.... I have to have rules like this to protect myself
 
Jdesey said:
NO No No.... I have to use a volume criteria, otherwise I will way over trade.... so I only hit go if the volume for 2 bars in a row is over the 6 bar average.... I have to have rules like this to protect myself
More...

If you are serious then you are in big trouble!
 
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