[Soultrader]

Because I am such a short term trader, I do not even plot a volume histogram in my charts. Instead, I can read volume of the tape. I usually watch for volume or lots at key support and resistance points.

If Im long a position, I like to take profits at a climatic candle. The tall green bars with alot of contracts being bought at the ask. To me this indicates a volume spike or a short term euphoric stage. I tend to be a little more careful on the short side... price doenst stall as much during a decline.