Few trades--nothing much going on. Ditto. Should have slept in this morning.
I rarely trade anything else other than the ES, but with Chicago's delay (what is this--elementary school?--with the delay?), I decided to see what I could do with the YM.
Haven't trade it in at least two years...
Take for Friday, January 28, 2011:
Two notes:
1. The NQ profits are NOT daytrading profits and should therefore not be considered as part of the take.
Of course, I will still take the money, but I do not count them toward my take for the day. :-)
2. The sum is realized profits for...
Take for January 27, 2011.
Not a good as yesterday. Traded only two hours this afternoon, and on the most difficult day, imo, since last summer (not including holidays).
I consider "per" as 5 contracts, so, +0.6 per, before.
My holiday present:
If the daily pivot is not touched during one day's trading, it is very likely that it will be touched the next day.
Rarely does the market leave the daily pivot untouched two days in a row in the same direction.
1249 is the daily pivot today. The PP was not touched...
I like that feature a lot. And IB has DEFINITELY improved its charting.
But I wish IB had a VWAP feature that covered the period covered.
For example, I use 5 minute bars and display just the current day's bars.
If IB had a feature that displayed the current day's VWAP as a line on the...
Yes, it is just for the bar.
That can be helpful, especially if one trades bar by bar and wants to see who won the bar, bulls or bears.
But, no, IB does not offer VWAP in the ways you mentioned.
Yes, same problem.
Once the bars paint, the bar stays painted. But before...there are problems.
Trading with IB's charts is a necessary evil at this point in my career.
10 AM swoosh.
Significant price changes/turning points often take place on the hour, and 10:00 is the most critical hourly turning point of all.
Reason: Opening range breakout systems.