ES Volume criteria for entry

Does anyone use a volume rule for entry on ES? to date I have used a rule that I only enter if average volume for 2 bars is over the running average of 6 bars, I trade on a 3 minute chart. BUT, I am starting to think that I need to use absolute volume, not relative. So then I have to come up with some value for go or no-go. I am thinking as a starting point for volume to be at least 10,000 CT's per 3 minute bar to enter.

Thoughts and opinions please.

 

Do you include SP volume?

 

no I do not, I have thought about that, but I figure that the volume on the futures runs independent of the SP volume, or at least sorta

 

If you are making decision based on volume and price movement of the ES, not inclduing the SP is removing some institutional flow.

 

ok,,, so let's say I include SP... is there an approx volume number I would look for to determine if I take the trade

 

That I can't tell you. I don't use volume like that, never have. Keep in mind that 1 SP = 5 ES.

 

Depending on your trading technique volume may have an imverse relationship. For example, volume may go lower at market turning points.

 

This is also true for the 3min.

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