Volume

This day went quite nice with my trading. I was reading about the influence of Volume on trading futures in Traders by Alexander Schwarz. He studied various trade entries by two price patterns in combination with volume on the FDAX. His conclusion was that in the this future market volume didnot matter much or is at least problematic.
It is the price that counts, not volume.

I have two comments on this. Years ago I was discussing this with other traders. I wasnot trading for long then but I had somehow the idea that volume could not be of my interest for my trading. Basically because I had the feeling that when entering a trade, volume did not determine my trade to be a loser or a winner. Prices move with or without big volume.

The second thought about this that volume does counts when you take the level II into consideration. Read about level II here.

daytrading
FDAX