Friday, June 22, 2007

Volume charts

started looking at volume charts last week.....

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Here is the chart of ES from today's market session:

Now, here is a volume chart (6000 contracts per bar, 250bars total) of the same market session:

Volume charts are fast becoming more interesting to me than the regular intraday charts. For one thing, I can see the change in momentum happening much more clearly than with the regular intraday chart. Not sure if this is typical of all volume charts, but I am leaning towards using them exclusively for my trading. In the mean time, I will start using them alongside the regular intraday chart starting next week.

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