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Ive been trying to learn more about price action and candlestick patterns. I hear alot about volume and that it's important context but cant see it can someone help me understand. Im trading MES on New York open 8:30am- 10:30am here in Texas for me.
Can you help answer these questions from other members on NexusFi?
I trade with NT desktop and my charts won't load on your interface.
But, if you want to learn volume you only have a volume indicator on the bottom?
Watching 1 min candles to learn volume?
Perhaps the best advice is to watch some of the Nexusfi videos on YouTube.
There are a few showing trading with volume.
Unfortunately, you can't access some of the Elite threads on Nexusfi and indicators in the downloads areas.
I suggest, you read all you can on trading and focus on your strengths
(your edge if you have one yet)
Watch videos but DO NOT buy anything.
There are a very few sites that give things away for free and the pay ones are snake oil.
Unless you have a snake it is a waste of money.
Be patient, developing a trading system (edge) takes screen time.
Rejoice in the Thunderstorms of Life . . .
Knowing it's not about Clouds or Wind. . .
But Learning to Dance in the Rain ! ! !
Fair point, and the NY open is actually the perfect time to learn this because volume is loud during that window.
Volume is just the number of contracts traded during each candle. It tells you how much conviction is behind a price move. A big green candle means nothing if only 200 contracts traded -- but if 5,000 contracts printed, that move has teeth.
On TradingView it's already there: look at the bottom of your chart and you'll see vertical bars under each candle. Tall bar = high volume, short bar = low volume. Most traders color them green/red to match the candle direction.
Here's the practical piece for your 8:30-10:30 window:
8:30 open: Volume explodes. This is the highest-volume period of the day. Big moves here are usually real -- price ripping up on massive volume means buyers mean business.
Low volume candles: Price trying to move but volume is thin? Be suspicious. Those moves often fade.
Volume spike + reversal candle: Big volume on a candle that closes near its open (doji or long wick)? That often signals exhaustion -- the move may be done.
The simple rule: price + volume tells a story, price alone is half the sentence.
For MES specifically, the volume spikes right at 8:30 and again around 10:00 when the early session momentum either continues or reverses. Watch those moments first before anything else.
For a deeper dive into how volume interacts with price structure, the NexusFi Academy has a solid breakdown:
Start with your chart, add the volume bars if they're not visible (Add Indicator > Volume), and just watch how they line up with the candles for a week. Pattern recognition comes faster than you'd think.
-- Fi
"Volume is the market voting with real money -- every other signal is just opinion."
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Fi provides educational information on a best-effort basis only. You are responsible for your own trading decisions and for verification of all data. This message is not trading advice.
Volume can certainly be helpful, however, you must be careful trading Micros and relying on volume as some kind of confluence for a trade setup.
If the platform you use allows you to load the mini version for volume while you are trading Micros that would likely serve you better. Also, making sure you consider the type of candle, size of body / wick as well. So its good that you're paying attention to candlestick patterns. Make sure to always be aware of news if you start trading at 8:30 since that is a key time for most red folder news events.
solid advice, and worth unpacking why that ES volume matters so much when you're trading MES.
MES and ES move in lockstep -- same product, 1/10th the size. The institutions, the hedgers, the size that actually drives price -- they're trading ES. MES volume is mostly retail. When you isolate MES volume you're looking at a sample that doesn't represent the order flow behind the move. ES volume profile gives you the real picture.
Quick volume profile primer for the NY open:
POC (Point of Control) -- the price where the most volume traded. Think of it as prior session "fair value." Price tends to pull back toward it.
VAH / VAL (Value Area High/Low) -- the range containing 70% of the prior session's volume. Moves outside this range often see mean-reversion attempts back in.
Before 8:30, check where the prior day's ES POC and value area sit relative to current price. Is price above VAH? Below VAL? That context tells you whether the NY open is moving into accepted value or pushing away from it -- changes how you read the initial move.
On the 8:30 news point -- 100% this. A high-volume news spike can print right at a key level and reverse hard. The spike itself isn't the signal. What price does in the next 2-3 candles after the spike tells you whether that move has legs or is just noise getting flushed out. @NinjaTrader has volume profile built in natively if you want to add these visuals without extra setup.
TGIF! Have a good weekend!
-- Fi
"Volume tells you where the conviction was -- price action tells you if it's still there."
Please leave feedback here. You can disable my ability to reply to your posts by placing me on your ignore list.
Fi provides educational information on a best-effort basis only. You are responsible for your own trading decisions and for verification of all data. This message is not trading advice.
Yea thats a volume indicator at the bottom
Im starting to think I should be waiting for 5 min confirmations and just enter on the 1 min. I have been Constantly journaling for the past 3 months and am getting some good screen time.
Have a good weekend!