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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: Patrick Slevin who wrote (24020)	5/23/1999 12:22:00 PM
From: Teresa Lo	Read Replies (2) \| Respond to of 44573

I actually use e-mini contract volume in a classic sense, with Edwards and Magee patterns, as confirmation of those patterns. For example, triangles and bull/bear flags should have volume that diminishes as it reaches the apex/tip. Another useful thing in S&P trading is that high tick/contract volume is often associated with stops being taken out and I watch that very carefully and volume is an oblique way of detecting stop pokes. In my trading, if I see stops taken out and the market does not continue to go in the direction of the prevailing trend, i.e. no follow through, I close out my trade a bar or two later. The Edwards and Magee book is here amazon.com Bull/bear flags are at intelligentspeculator.com Triangles are at intelligentspeculator.com