<i>"Hi Austin, What would be a good volume chart to use as the filter chart if you use the 1000 volume chart for entries on the N.Q."</i>
Using volume or tick charts is one place where different settings unique to each symbol makes a difference. A 1000-volume chart for ES, NQ and ZB will give drastically different views. The best way to configure tick / volume charts is for each person to fiddle around and see what looks best to them, per chosen symbol.
I don't actively trade the NQ. although it is an excellent symbol. Until I work my way to 100-lot orders in ER2 there is no need for my working elsewhere. The NQ is usually a trendy, directional symbol with minimal chop = noise. It does tend to surge out of consolidation on breakaway bars more than any other emini. That's one of its specific quirks.
My suggestion to anyone is dial around with different settings until you find what works best for you. I struggle mightily with real fast charts... triggers all the wrong emotions in me. Other traders I know do extremely well with the exact same charts I struggle with, and they dislike my preference for slower charts.
That's one reality of this profession. Working at the pace of which our minds perform & emotions handle best is critical. Much more important than what someone else chooses to do. Just one of those things where personalization matters most.
Using volume or tick charts is one place where different settings unique to each symbol makes a difference. A 1000-volume chart for ES, NQ and ZB will give drastically different views. The best way to configure tick / volume charts is for each person to fiddle around and see what looks best to them, per chosen symbol.
I don't actively trade the NQ. although it is an excellent symbol. Until I work my way to 100-lot orders in ER2 there is no need for my working elsewhere. The NQ is usually a trendy, directional symbol with minimal chop = noise. It does tend to surge out of consolidation on breakaway bars more than any other emini. That's one of its specific quirks.
My suggestion to anyone is dial around with different settings until you find what works best for you. I struggle mightily with real fast charts... triggers all the wrong emotions in me. Other traders I know do extremely well with the exact same charts I struggle with, and they dislike my preference for slower charts.
That's one reality of this profession. Working at the pace of which our minds perform & emotions handle best is critical. Much more important than what someone else chooses to do. Just one of those things where personalization matters most.