I'm contributing some conscious thought to my trading education, and I am trying to get volume in there as a different voice to help me out. Volume is touted as one of the best clues you can use. Unlike every other indicator out there, volume is not a derivative of price. It is a totally seperate voice, that when combined with price action, supposedly, can result in really good opportunities and higher level of understanding what the market is really up to.
I have countered the need to learn volume in my own strategy by trading only futures during the new york hours when volume is relatively great, but like every other thing on this wonderful planet, there are different facets to volume the deeper you go. This is my attempt to lean on it a little harder and see what pushes back.
I have countered the need to learn volume in my own strategy by trading only futures during the new york hours when volume is relatively great, but like every other thing on this wonderful planet, there are different facets to volume the deeper you go. This is my attempt to lean on it a little harder and see what pushes back.