The 'Amazing' 5 Minute ES Volume Bar (Daytrading)...its been said that the 5 minute ES volume bar has the most information in one futures contract item...do you know articles that have researched this?...websites etc.?...A writer in the last issue of "Futures" magazine also stated this in the article about ES trading...but did not go into length about the 5 minute ES volume bar...so...when we take a 5 minute chart and run volume on it...we see a lot...anyone done any studies on this?...I.E... how the volume of the bar indicates 'surges' up or down or about volume climax reversals...even if for just the next 5 minute bar?...thanks in advance...many will benefit from this!!
The 'Amazing' 5 Minute ES Volume Bar (Daytrading)
- Thread starter increasenow
- Start date
what you want to do is run MP on 5m, then trade around the mini POC.
http://www.enthios.com/charts/universal-rev.htm
http://www.enthios.com/charts/universal-rev.htm
Inky, look at today's five minute ES chart and tell me, would you rather have Volume or Bar Quality as a supplement to pure price?
this is amazing...any more insight?...please chime in...thanks!!!
increasenow, they might have been talking about classical volume studies,
like for exemple a upmove will be described has having more volume on upbars than downbars, so when you have increasing volume on a upmove, then you get a few downbars with less volume, you can assume it will be only a lil pullback and the upmove will continue.
thus giving you an absolutely beautiful entry point.
a candle with a small range and a big volume is called a ''squat bar'' and means there is strong resistance at this level, you can fade this
a candle with a very big range and very high volume normally represents a climax, exhaustion. meaning youre likely to get a retrace. you can fade this too
Volume bars really tells you whats going on, and the 5 mins bar seems to be a perfect resolution for that.
you might have a interest in something called VSA (volume spread analysis)
like for exemple a upmove will be described has having more volume on upbars than downbars, so when you have increasing volume on a upmove, then you get a few downbars with less volume, you can assume it will be only a lil pullback and the upmove will continue.
thus giving you an absolutely beautiful entry point.
a candle with a small range and a big volume is called a ''squat bar'' and means there is strong resistance at this level, you can fade this
a candle with a very big range and very high volume normally represents a climax, exhaustion. meaning youre likely to get a retrace. you can fade this too
Volume bars really tells you whats going on, and the 5 mins bar seems to be a perfect resolution for that.
you might have a interest in something called VSA (volume spread analysis)
thanks Silver motion...this explains it great...appreciate your time and insight
I agree, minute charts are minute charts and volume charts are volume charts.