%% I seldom use volume bars,Joe7+7,5; or volume by price bars;+volume by price- some times it makes it hard to see data.LOL. But volume by price can be helpful after a losing streak, high probability perhaps, but gets me out way, way to early.120 million volume bar, yesterday + on my cash SPY volume bar, but that is cash market. I tend to swing trade for dollars.; IBD website + books NOT a PREDICTION, but SPY+ ES tends to sell ,SEPT, above average volume.NQ does also; but I may buy tek stocks in late, late SEPT so thats different for me ?? MODERN TRADER[SEPT] mag noted SEPT Selloffs , DIA sells off more [ in the past anyway]more so than S&P 500- SPY, QQQ.....
%% TRUE; on his volume comments. False =on ignore 95 % of his other posts. So volume , as he implied,95%% of the time is nowhere near as helpful as price or a 50 day moving average. i just found an indicator named, believe it or not===== ''KST ''=Know,Sure Thing; looks like a50 day moving average is more sure, LOL
I use volume charts, after migrating from time based charts. for NQ, I have 400V, 1600V, and 4000V charts. Personally, I feel that volume charts are very important for day trading. And for swing / position trading, time based charts should suffice.
Amazes even me. And I know few are hip or we'd be hearing more about it. If anyone hears about it, it won't be from me
I agree completely. I cringe with embarrassment at how long I used time-based charts for, and wish I'd switched to volume charts much earlier than I did. Of one thing I'm pretty confident: futures traders who switch to volume charts are certainly not switching back. Scary.
Can you post an example of a volume chart? I'll be able to tell you straight away if i'd consider switching.
From my perspective the CVB or Tick charts show momentum a bit cleaner than time based intraday charts.