F
ford
I feel that not trading when volume is below 4,000 per 5min bar on ES is a good rule of thumb. Most of the time it co-incides with the usual morning rally and then 2pm EST to end rally, but when volume is over 4k in other periods of the day consistantly it seems like a good indication of the type of day it is i.e. trend and therefore safer to be in a trade than otherwise.
Today it would have kept you out of the afternoon chop nicely..
Today it would have kept you out of the afternoon chop nicely..