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How to use volume in your trading


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How to use volume in your trading

  #461 (permalink)
 
Zondor's Avatar
 Zondor 
Portland Oregon, United States
 
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Here is an example that I posted in my trading journal yesterday (August 17).

Note red lines on buy/sell volume bars where buy volume was decreasing and sell volume was increasing.

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  #462 (permalink)
 
TempletonPeck's Avatar
 TempletonPeck 
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Zondor View Post
Here is an example that I posted in my trading journal yesterday (August 17).

Note red lines on buy/sell volume bars where buy volume was decreasing and sell volume was increasing.


Hi,

thank you, nice chart. I tried to do the same and found some divergence between price and volume, too. I will have a look at this in the future.

May I ask you for the version of the d9phaseshiftoscillator I saw on some of your charts which changes color when the faster line rises or falls. I have only found a version here on futures.io (formerly BMT) which changes color when the faster line crosses the zero line.

Thank you.

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  #463 (permalink)
 tony2604 
Europe
 
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Hello,

thank you for posting this. What is the volume indicator you use there (GomDelta-Volume?)

Thanks
Tony


Zondor View Post
Here is an example that I posted in my trading journal yesterday (August 17).

Note red lines on buy/sell volume bars where buy volume was decreasing and sell volume was increasing.


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  #464 (permalink)
 tony2604 
Europe
 
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Got it - BuySellVolumeTotalG39.



tony2604 View Post
Hello,

thank you for posting this. What is the volume indicator you use there (GomDelta-Volume?)

Thanks
Tony


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  #465 (permalink)
 dkmtrader 
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tony2604 View Post
Got it - BuySellVolumeTotalG39.

Is this available for download in the Elite section?

Thanks

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  #466 (permalink)
 tony2604 
Europe
 
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Yes, there it is. I didn´t remember if I got it on NinjaSupportForum or Bigmike, had to find it again. Yes, it is in the Elite section.




dkmtrader View Post
Is this available for download in the Elite section?

Thanks


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  #467 (permalink)
 Bids 
United Kingdom
 
Posts: 23 since Sep 2010

Just to comment on the original post, it really depends on your style of trading if volume is any good. So for example, if you're swing trading off the larger time frames, then something as simple as a volume divergence can get you into a very nice swing trade. However, if you're a 'day trader' you have to know how to read order flow off your order books, and to do to that properly, you need to use a professional front end as something like NT just doesn't offer it. This is why 99.9% of professional traders use TT X trader, and the fact that some of the better retail brokers are now offering TT X trader for free, if you're a day trader, there's no excuse for not using it now.

Trading is a very generic term, so as mentioned above, how to use volume in your trading really depends on what type of trader you are.

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  #468 (permalink)
 
cunparis's Avatar
 cunparis 
Paris, France
 
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Bids View Post
Just to comment on the original post, it really depends on your style of trading if volume is any good. So for example, if you're swing trading off the larger time frames, then something as simple as a volume divergence can get you into a very nice swing trade. However, if you're a 'day trader' you have to know how to read order flow off your order books, and to do to that properly, you need to use a professional front end as something like NT just doesn't offer it. This is why 99.9% of professional traders use TT X trader, and the fact that some of the better retail brokers are now offering TT X trader for free, if you're a day trader, there's no excuse for not using it now.

Trading is a very generic term, so as mentioned above, how to use volume in your trading really depends on what type of trader you are.

All that, except the X-Trader part, is very true. If I made the thread new I'd make it totally different. This thread should have been titled "How I was using volume when I created the thread". Times have changed. Maybe I'll do another thread but I have to work out some issues and build consistency as I've been continuosly refining my trading. One thing I'll say is I have been trading some simple price patterns on Euro without any volume at all. Blasphemy!

Regarding X-Trader & Volume, are you talking about the X-Trader DOM or is there more to it? What does it have that is missing in Ninjatrader? I have only seen one thing on the dom and that's the total volume count at each price level. But one can have that with an indicator on a chart. For example a footprint in Market Delta with daily bars will show all the volume for the day at each price. So I'm not sure what X-Trader has that I'm missing.

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  #469 (permalink)
 
cunparis's Avatar
 cunparis 
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As a follow up to my previous post, I've been trading the Bund in the morning as my main market. But I've been trading the Euro on the side, both with volume and without. Today was just based on some simple price patterns:



Today my euro trading was more profitable than the Bund trading. I experimented with naked trading a year ago and I guess a year later I'm giving it another shot. This is just on the side while waiting for setups on the bund..

The problem with volume is it can be deceiving. As House says "Everybody lies" and volume is no exception.

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  #470 (permalink)
mystiq
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cunparis View Post
This is a great question. I never really truly understood volume when using Ninjatrader. I switched to tradestation about 5 months ago and that's when I discovered uptick & downtick volume (which TS supports historically & real time) and that's when I got really interested in volume. I don't currently subscribe to CME data (just the emini) so for trading Euro I'm using Ninjatrader and I'm wondering what to use for my volume.

I'm hoping RJay can come up with something. Sorry RJay I didn't have time to check it out yet, will look at it tomorrow I hope.

My current idea is:

- RJay's Better Volume for NT + some modifications I have in mind
- The VSA indicator
- My Momentum indicator which is based on volume


how can i find your 'My Momentum indicator' ?

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