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I typically have commissions turned off in the options so that I can see how many ticks/points I got on each trade and I forget to turn it on for the summary. However, commissions haven't been that big of an issue now and my goal is to get another few ticks on ES so that commissions won't be an issue at all. Once I can do that and improve a few other things I'll start increasing my size gradually.
In this case commissions are 13%. that's acceptable but getting another tick on ES would reduce it even more. Eventually when trading size it'll be worth it to join the exchange (or lease it).
BTW commissions just shows what is entered in the instrument manager setup. It doesn't show real commissions so you can have $0 commission on real money if no commission was entered (by hand) or you can have commissions with sim if they are entered.
Yes all real money trades. I only sim on Euro as I'm working on adapting my method for the Euro, but lately I haven't even been doing that as ES/Crude keep me busy and I prefer to focus on what I'm doing.
Many thanks for Volume Patterns indicators and for this futures.io (formerly BMT) forum.
I studied plenty of indicators but now I base my trading on price and volume and different resistance.
During the session on the YM (time frame is 2 minutes), when you note two or more of upper or lower shadow of candlesticks and if you have one two or three blue candlesticks the price moves in opposition of trend minimum 20 points
If the body break this invisible line the movement is not strong or touch stop.
Have you noticed it?
I don't know if it's available for other time frame and others futures maybe it will be to create a visual alert.
This is how I first started using volume, looking for HVC. One advantage to minute charts is it helps to see the wicks showing buying/selling tails. I think you're on the right track.
Yesterday wasn't a great day, I got $160 versus $700 the day before. I got out of an overnight hold on Stoxx just before the #s came out at 8:30 (NY Time). On crude I had a 5 tick loss. On ES it was really tough trading as the market didn't go very far without pulling back a lot but I managed to take 4 pts out.
Thank You for sharing this ... may I ask you why do you say the POT measures volume ? it counts the number of ticks on a certain amount of time ....
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