I am another ASF member to make the move to Futures, I will be focusing all my attention on the ES. I have a LIVE Account however for the next one or two months I will be trading Live data but in demo mode.
I hope experienced members can add their 2 cents where ever possible. I am currently trying to get a handle of volume analysis.
First trade was a LOSS of -4 ticks. I entered this trade long because I noticed a spike in volume combined with the fact that the bar was bullish. I would have expected with that amount of volume that it should have driven price down even further if the bears were still in control but it did not go down further on higher volume so I went long. I got smoked. Maybe next time look for similar setup on an important level...
Price was at the trend line and the level held at the 30min mark. Waited for confirmation in the way of two bullish bars and went long. Aggressively trailed the stop behind the price to the point where I got stopped out at +8 ticks.