How to use volume in your trading - Traders Hideout | futures io social day trading
futures io futures trading


How to use volume in your trading
Updated: Views / Replies:175,650 / 677
Created: by cunparis Attachments:203

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 203  
 
Thread Tools Search this Thread
 

How to use volume in your trading

  #161 (permalink)
Trade with the flow
Paris, France
 
Futures Experience: Advanced
Platform: Market Delta & Ninjatrader
Favorite Futures: ES
 
cunparis's Avatar
 
Posts: 2,563 since Jun 2009
Thanks: 1,157 given, 2,032 received

One more.

I went long ES on a breakout of the trading range. The breakout bar turned into HVC (we don't know it's HVC until the bar closes). I should have exited on a break of the HVC low but I didn't. wanted to give it room. bullshit. give it room = hope. bad.

I reversed on a breakdown and went short.

The HVC at the end of the day (and the beginning) are not really HVC, it's just the high volume of the open and the close. So keep that in mind..

I'm going to stop posting charts until others post. I don't want to feel like I'm showing off. I think I've given enough examples to show that HVC is very useful. It's up to you guys now. If you want to put in the time to practice and learn to use it I'm here to help.

PS: 3.5 pts on my short and I'm still waiting to cover. Too bad time is running out..

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Reply With Quote
 
  #162 (permalink)
Trade with the flow
Paris, France
 
Futures Experience: Advanced
Platform: Market Delta & Ninjatrader
Favorite Futures: ES
 
cunparis's Avatar
 
Posts: 2,563 since Jun 2009
Thanks: 1,157 given, 2,032 received

Hey guys I used that last chart for an example on another post about trading off a horizontal line. You may find it interesting:

Actually two posts:

trading the line:

https://futures.io/general-discussion/743-never-lose-again-therumpledone-20.html#post7983

The chart above as an example of trading the line:

https://futures.io/general-discussion/743-never-lose-again-therumpledone-21.html#post8001

I welcome your comments.

Reply With Quote
 
  #163 (permalink)
Trade with the flow
Paris, France
 
Futures Experience: Advanced
Platform: Market Delta & Ninjatrader
Favorite Futures: ES
 
cunparis's Avatar
 
Posts: 2,563 since Jun 2009
Thanks: 1,157 given, 2,032 received


I posted this chart in my perfect trading thread so if you're interested in all the annotations you may want to see this post.

I'm posting it here because there are two good volume patterns.

There are:

- LV PB - this was a clue that the breakout would be false. Normally I'd take this breakout however in this case I should have been long from the HVC reversal. Before taking a long or short I ask myself I should already be long or short, because if I should already be long then it's risky to take a 2nd setup on the long.

- HVC Reversal - This is when the HVC because a reversal bar. YOu can see there is a hammer and then the HVC bar is an engulfing bar. Those together make this a reversal pattern regardless of volume. But when there is HVC it gives the pattern even more credibility. This is a new pattern for me that I just discovered and I'll be following it closely.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Reply With Quote
 
  #164 (permalink)
Trade with the flow
Paris, France
 
Futures Experience: Advanced
Platform: Market Delta & Ninjatrader
Favorite Futures: ES
 
cunparis's Avatar
 
Posts: 2,563 since Jun 2009
Thanks: 1,157 given, 2,032 received

Interesting volume pattern from 9/16 Wednesday, look at the area in the rectangle. Let me know if you have questions. See if you can find a similar example in the markets & timeframes you trade.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Reply With Quote
 
  #165 (permalink)
Trade with the flow
Paris, France
 
Futures Experience: Advanced
Platform: Market Delta & Ninjatrader
Favorite Futures: ES
 
cunparis's Avatar
 
Posts: 2,563 since Jun 2009
Thanks: 1,157 given, 2,032 received

RJay - I think I see a problem in the volume indicator, sorry I didn't catch this earlier I had been focusing on the calculations and overlooked this:

 
Code
            if(Close[0] > lastClose) {
                upTicks++;
            } else if(Close[0] < lastClose) {
                downTicks++;
            } else {
                evenTicks++;
            }
This is counting the number of upticks & downticks. What we want is the volume of those ticks!

Please try this change and let me know if it works better:

 
Code
            if(FirstTickOfBar) {
                upTicks = 0;
                downTicks = 0;
                evenTicks = 0;
                lastVolume = 0;
            }
                
            if(Close[0] > lastClose) {
                upTicks += ((long)Volume[0] - lastVolume);
            } else if(Close[0] < lastClose) {
                downTicks += ((long)Volume[0] - lastVolume);
            }
            lastClose = Close[0];
            lastVolume = (long)Volume[0];
One more thing.. Do you think we should change the name of the indicator? The "Better" brand belongs to Barry and I don't want to infringe on that, especially since he sells his BetterVolume for Ninjatrader.

Thanks for all your help.

Reply With Quote
 
  #166 (permalink)
Trade with the flow
Paris, France
 
Futures Experience: Advanced
Platform: Market Delta & Ninjatrader
Favorite Futures: ES
 
cunparis's Avatar
 
Posts: 2,563 since Jun 2009
Thanks: 1,157 given, 2,032 received

HVC example on the daily chart. We'll see what unfolds on Monday. I wrote about a good trade setup in my weekly S&P thread.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Remember on daily charts I use all the better volume indicator settings (I'm using the original Better Volume for Tradestation). Since I have HVC Climax turned on the bar is purple instead of blue. This is even more bearish than a simple HVC since it's a climax down.

Looking at the chart, there are 5 HVC patterns. 4/5 resulting in a turn, 1/5 was profit taking. HVC on higher timeframes can provide low-risk setups especially when supported by other setups.

Reply With Quote
The following user says Thank You to cunparis for this post:
 
  #167 (permalink)
Just starting out...
s. wales
 
Futures Experience: Intermediate
Platform: NinjaTrader,
 
Posts: 10 since Sep 2009
Thanks: 0 given, 0 received

has anyone thought of candlevolume charts?

Reply With Quote
 
  #168 (permalink)
Elite Member
Washington DC
 
Futures Experience: Intermediate
Platform: NinjaTrader
 
Posts: 214 since Jun 2009
Thanks: 110 given, 115 received

Question, and if I missed it in the thread apologies.

Do you guys thing volume has any real meaning on a range bar chart?

Pete

Reply With Quote
 
  #169 (permalink)
Trade with the flow
Paris, France
 
Futures Experience: Advanced
Platform: Market Delta & Ninjatrader
Favorite Futures: ES
 
cunparis's Avatar
 
Posts: 2,563 since Jun 2009
Thanks: 1,157 given, 2,032 received


Peter2150 View Post
Question, and if I missed it in the thread apologies.

Do you guys thing volume has any real meaning on a range bar chart?

Pete

I never used range charts until recently, due to their popularlity on this site. I tried it for a while and went back to tick charts and then more recently went to 5min charts. So I can't really say much about volume on range charts but you can give it a try.

What I don't like about range charts is that you're missing important information with the relationship of the open & close. I especially look for doji bars and trend bars. Doji = indecision / trading range. Trend = one side is in control. I don't see that as clearly in range bars. Now some can say this relationship is somewhat artificial because it's determined by # of ticks or time. I agree with that. But for me it's ok.

So be my guest to try it out and post some charts. Try comparing a 5 min with a range chart. Could be interesting.

Reply With Quote
 
  #170 (permalink)
Trade with the flow
Paris, France
 
Futures Experience: Advanced
Platform: Market Delta & Ninjatrader
Favorite Futures: ES
 
cunparis's Avatar
 
Posts: 2,563 since Jun 2009
Thanks: 1,157 given, 2,032 received



mroalan View Post
has anyone thought of candlevolume charts?

I had to google it, I never heard of that.

Looks pretty interesting. HVC would appear as a fat small candle and low volume bar would appear as a really thin candle. For the moment I'll stick with OHLC and/or candles but I encourage you to play with it.

Reply With Quote

Reply



futures io > > > How to use volume in your trading

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Cumulative Delta Volume Trading Big Mike The Elite Circle 980 December 10th, 2017 07:17 AM
volume trading indicator tony2604 Traders Hideout 10 March 17th, 2011 03:34 PM
Volume trading - fictive scenario trendisyourfriend The Elite Circle 6 December 16th, 2010 05:16 PM
Price & Volume Trading Journal ZTR Trading Journals 117 February 21st, 2010 04:02 AM
Multi Volume/Time Frame Trading wh The Elite Circle 7 September 15th, 2009 05:55 PM


All times are GMT -4. The time now is 04:31 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-17 in 0.13 seconds with 20 queries on phoenix via your IP 54.227.51.103