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How to use volume in your trading
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How to use volume in your trading

  #361 (permalink)
Elite Member
SoFla
 
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May I ask if you are watching price and volumre then why are you using minute bars? I use range bars and am finding that price and volume are best related there. Please share your thoughts.

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  #362 (permalink)
Market Wizard
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lynmark1 View Post
May I ask if you are watching price and volumre then why are you using minute bars? I use range bars and am finding that price and volume are best related there. Please share your thoughts.

not sure if you're asking me.

I use a range chart for breakouts (with indicators). and I use a 5 min chart for reversals. (looking for a big move with high volume and either an inside, outside or reversal bar).

but there's nothing wrong using range bars with volume. whatever works best for you.

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  #363 (permalink)
Big game hunter
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Silvester17 View Post
ever seen a real vol spike? don't know what happened. only thing I know is, about 200,000 contracts were traded in less than 10 sec. and it was on the ask side. maybe someone with a fat finger? lol.

It was me ! Very interesting though . Maybe the powers that be are rushing in before the expiry friday ?

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  #364 (permalink)
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Silvester17 View Post
ever seen a real vol spike? don't know what happened. only thing I know is, about 200,000 contracts were traded in less than 10 sec. and it was on the ask side. maybe someone with a fat finger? lol.


Yeah that was amazing.
I was sitting at the PC and the indicator I have measuring that kind of stuff went crazy.
I thought another 9/11 even happened or something similar.
The only problem was it was on the wrong side to tank the market if it were a terrorist attack.

I wonder if the PPT was trying to move the market higher even if it didn't want to go.

Rejoice in the Thunderstorms of Life . . .
Knowing it's not about Clouds or Wind. . .
But Learning to Dance in the Rain ! ! !
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  #365 (permalink)
Trade with the flow
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lynmark1 View Post
May I ask if you are watching price and volumre then why are you using minute bars? I use range bars and am finding that price and volume are best related there. Please share your thoughts.

In my experience, the more bars in a move the easier it is to measure volume until a certain limit of course, if there are too many bars then it won't be good. So too many or too few and it's hard to analyze volume.

I can see volume better with minute/tick bars than range, and better with range than renko.

For me it's important to see how a bar closed to see if the volume was buying or selling. Since range bars always close on the high or low, it's hard to see that relationship.

if you look at the 10:30 bar, it shot up on the inventory report but on weak volume and closed way off the high. That is a reversal bar and you could see that price was more likely to go down. I didn't trade this cause I'm not ready to trade news yet but it seems rather obvious on this one. Previous inventory days aren't so obvious btw..

Also I analyze the momentum of volume and for that the more bars the better.

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  #366 (permalink)
Trading Apprentice
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wow, I thought it was a glitch on my data....now I see it was real !
Cant understand how can u trade 200K contracts on ES without creating a rally..

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  #367 (permalink)
Trade with the flow
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PabloM View Post
wow, I thought it was a glitch on my data....now I see it was real !
Cant understand how can u trade 200K contracts on ES without creating a rally..

I read that it was a mistake and that the trader was both buyer & seller. So it didn't move the market.

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  #368 (permalink)
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cunparis View Post
I read that it was a mistake and that the trader was both buyer & seller. So it didn't move the market.

but it messed up my chart.

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  #369 (permalink)
Market Wizard
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DavidHP View Post
...

I wonder if the PPT was trying to move the market higher even if it didn't want to go.

PPT learned their lesson which is you can't move the market during the day time, however this is a show of force designing to shock and awe you to toe the line. They are telling you "Do you feel lucky, punk? Go ahead, make my day" ∑

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  #370 (permalink)
Trade with the flow
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cory View Post
PPT learned their lesson which is you can't move the market during the day time, however this is a show of force designing to shock and awe you to toe the line. They are telling you "Do you feel lucky, punk? Go ahead, make my day" ∑

If all the rumors about the PPT are true, that they supported the markets at the lows, they must have made a fortune. Buying below 1000 and selling above 1100. Would be fun to be a PPT trader.

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