Lesson / WY-02-09
Continuous futures join different expiration months, with volume and OI migrating from old to new contracts during rolls. The continuous series alone may mistake migration for an abrupt change in market interest. Specify the active-contract selection rule, roll date, and whether prices are back-adjusted, and inspect individual months around the roll. Price adjustment can improve continuity but does not make two contracts’ volume automatically additive or eliminate calendar spreads.
Course content is for learning and research only. It is not investment advice.
Read the Chapter ↗Timestamps
7 lessons · Chapter contents
01Volume, Turnover Value, Trade Count, and Open Interest↗02Actual Trade Records, Tick Volume, and Data Coverage↗03Absolute and Relative Volume↗04Baselines: Previous Averages, Adjacent Swings, and Matching Session Periods↗05Recording Expanding, Contracting, and Abnormal Volume↗06Combining Volume with Price, Location, and Subsequent Behavior↗07Data Anomalies, Contract Rolls, and Other Checks↗Observe the market: start with context and place price within its structure.
Understand structure: compare supply and demand, and let evidence support or revise your hypothesis.
Form a view: define risk limits and know when to reassess.
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A Fresh Look at a Single Candlestick
From Single Candlesticks to Swing Comparisons
