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I draw trend lines on ES all the time. The premium/rollover doesn't matter if you use adjusted continuous data like DTN provides. You will not see a jump in price when the contract rolls or expires. I don't take shortcuts with my data. In my opinion, DTN IQFeed is the best time after time. Although S5 Trader has a free real time feed, I still use a subscriber feed for my data.
I don't give much weight to overnight data, but I do look at it to figure out what could possibly happen on the open. However, actual levels are base on day session data only. I can cover reasons in an AMA.
Risk Disclaimer: Trading Futures is not suitable for all investors. Past Performance is not indicative of future results.
If you have any questions about the products or services provided, please send me a Private Message or use the futures.io " Ask Me Anything" thread
Same amount. The goal is to have a decent but modest expectancy. Nothing huge. If you can maintain that expectancy, then the next step (assuming you don't watch your P&L all day, would be to add size and build on that consistency.
I want to remind you that trading futures consists of significant leverage and is not suitable for all investors.
Risk Disclaimer: Trading Futures is not suitable for all investors. Past Performance is not indicative of future results.
If you have any questions about the products or services provided, please send me a Private Message or use the futures.io " Ask Me Anything" thread
Oh yeah, completely forgot I had done that video with the CME Group. This is basically what I mean by saying "take and manage trades to make the market work hard to get your stop". This is always my objective.
Risk Disclaimer: Trading Futures is not suitable for all investors. Past Performance is not indicative of future results.
If you have any questions about the products or services provided, please send me a Private Message or use the futures.io " Ask Me Anything" thread
2nd question's answer: This is very dependent on the market condition that I'm trading. Many trades only go 2.5 or 3 pts before they turn and others would just keep going with a runner for hours. Hard to answer with a specific metric.
My goal remains for any given trade: I'm going for a modest but consistent goal of 2 pts average per contract trade.
Risk Disclaimer: Trading Futures is not suitable for all investors. Past Performance is not indicative of future results.
If you have any questions about the products or services provided, please send me a Private Message or use the futures.io " Ask Me Anything" thread
Can you describe what you are looking for? Expectancy is a simple formula: (avg win amount x win%) - (avg loss amount x loss%)
Don't use $ for this. Just use ticks. Look at trading as ticks. A tick is a tick. $$ bring in too much disturbance and is not a useful way of looking at things.
Risk Disclaimer: Trading Futures is not suitable for all investors. Past Performance is not indicative of future results.
If you have any questions about the products or services provided, please send me a Private Message or use the futures.io " Ask Me Anything" thread