Anyone who don't use volume indicator like me?

Discussion in 'Trading' started by HolyGrailSeeker, Apr 6, 2021.

  1. I swing trade primarily and find that volume is only good for day trading and for longer term trades it bares little to no influence. Some of the parabolic breakthroughs are when volume are very low before increasing, it's similar to the Bollinger Bands squeeze where you get it contracting and then suddenly expanding. The point of time when volume matter is the "now" and past volume doesn't really matter for future price movements.
     
    murray t turtle likes this.
  2. maxinger

    maxinger

    I don't use volume indicator.

    Because my candlestick is volume-based (eg 500V, 1000V ... for ES) and not time-based (5 min, 15 min ....).
     
  3. Not even that...
     
    murray t turtle likes this.
  4. RedSun

    RedSun

    If you trade thin volume products, volume indicators are important. But for liquid products, volume indicators are only secondary or minor. They tell you the market momentum and pressure.
     
  5. bone

    bone ET Sponsor

    For swing trading, I find volume indicators to be of less import.
     
    yc47ib likes this.
  6. %%
    Good for you.
    I like it for any time fame + i would not even want the appearance of being lazy.
    :D:D:D:D:D:D:D,:D:D I'm not saying any turtle$ are lazy/LOL they do move @ a different pace/LOL
     
    comagnum likes this.
  7. SunTrader

    SunTrader

    That is because you are only looking at volume once the move starts.

    Ever think volume matters ... coming into a reversal?