Volume Charts

[murray t turtle]

Hello Everyone,

First time poster, been trading for a long time.

I have used mostly tick charts and volume charts in my trading (probably like many of you). Although I think volume charts are less commonly traded.

I am wondering if any of you also use volume charts, and how much volume makes up 1 bar on your chart? I typically trade ES or NQ, so hopefully this is the right forum as obviously it depends what one is trading. I also scalp for a couple of points.

Just some suggestions on volume bar settings, if anyone uses them as well. Thank you all!

%%
I seldom use volume bars,Joe7+7,5; or volume by price bars;+volume by price- some times it makes it hard to see data.LOL. But volume by price can be helpful after a losing streak, high probability perhaps, but gets me out way, way to early.120 million volume bar, yesterday + on my cash SPY volume bar, but that is cash market. I tend to swing trade for dollars.; IBD website + books

NOT a PREDICTION, but SPY+ ES tends to sell ,SEPT, above average volume.NQ does also; but I may buy tek stocks in late, late SEPT so thats different for me ?? MODERN TRADER[SEPT] mag noted SEPT Selloffs , DIA sells off more [ in the past anyway]more so than S&P 500- SPY, QQQ.....

 

[SoesWasBetter]

In my view, Volume is an item to be discarded as it is too much information that can be interpreted a thousand different ways.

In my view,
Buy1Sell2

should be ignored as a purveyor of disinformation

 

[murray t turtle]

In my view,
Buy1Sell2

should be ignored as a purveyor of disinformation

%%
TRUE; on his volume comments.
False =on ignore 95 % of his other posts. So volume , as he implied,95%% of the time is nowhere near as helpful as price or a 50 day moving average. i just found an indicator named, believe it or not===== ''KST ''=Know,Sure Thing; looks like a50 day moving average is more sure, LOL

 

[maxinger]

I use volume charts, after migrating from time based charts.
for NQ, I have 400V, 1600V, and 4000V charts.

Personally, I feel that volume charts are very important for day trading.

And for swing / position trading, time based charts should suffice.

 

[SoesWasBetter]

I could show amazing patterns on volume charts if I was paid a large sum

 

[Big AAPL]

I'm hearing that...

 

[SoesWasBetter]

Amazes even me. And I know few are hip or we'd be hearing more about it.
If anyone hears about it, it won't be from me

 

[Xela]

If you don't use volume charts you're a turkey.

I agree completely. I cringe with embarrassment at how long I used time-based charts for, and wish I'd switched to volume charts much earlier than I did. Of one thing I'm pretty confident: futures traders who switch to volume charts are certainly not switching back.

In my view, Volume is an item to be discarded as it is too much information that can be interpreted a thousand different ways.

Scary.

 

[lovethetrade]

I'm pretty confident: futuresstraders who switch to volume charts are certainly not switching back.

Can you post an example of a volume chart? I'll be able to tell you straight away if i'd consider switching.

 

[_eug_]

From my perspective the CVB or Tick charts show momentum a bit cleaner than time based intraday charts.