i took a screenshot earlier to post this but had to attend to some important business..so i forgot to post..here it is taken at 14:51..
here it is now at 17:11..
not much of a range..but tradeable all the same..
Why Is The Obvious Not So Obvious?
- Thread starter nysestocks
- Start date
i took a screenshot earlier to post this but had to attend to some important business..so i forgot to post..here it is taken at 14:51..
here it is now at 17:11..
not much of a range..but tradeable all the same..
the only reason for the volume on the bottom is to quickly and easily identify and draw the yellow Open line!
the 4252 area was actually a good call based on..you know what..marked in blue
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I really enjoyed enough education in my life to recon a good teacher. As I know and what I learned here about formal education and teachers, you sure would be not happy about such a praise. But you Sir, really know how to educate people to educate themselves. Very much appreciatedthe only reason for the volume on the bottom is to quickly and easily identify and draw the yellow Open line!
View attachment 261631
the 4252 area was actually a good call based on..you know what..marked in blue
View attachment 261632
some time ago there was a discussion about a mentor on a thread..this guy living in the sunshine somewhere..as he had a picture up of his boat and big booby friend of course..so..
to cut a long story short..he posted that you don't have to trade (or have trading experience) in order to teach others how to trade..what a dim wit asshole
when ever there is money involved..there will always be an abundant of ass holes ready to relieve the plebs of their hard earned cash..
most will never learn..simply because they have no experiences to compare with..so.. whichever ass hole puts across the best "story" usually gets the money !
it is no different in all walks of life..it is just that in the financial markets it is 100 times worse
i am in the process of finalizing my decision on what broker to open a new account with to trade The Smalls along with the MES..
i would prefer to use AMP Futures..but as they currently do not offer The Smalls - i have sent out an enquiry to see if this is coming shortly - it would appear that IB is currently the best choice..
cost per side for The Smalls with IB..
IB fee = 0.08
Small Exchange Fee = 0.15 or 0.07 (for subscriber)
Regulatory Fee = 0.02
Clearing Fee = 0.045
Total per Round Trip Non Subscriber = $0.59
Total per Round Trip Subscriber = $0.43
As i am a subscriber i will get the $0.43 per round trip..these are the type of commissions that you want to be paying..boy have things changed since i started out !!
i have been watching The Smalls and even though the daily volume is still low..the spreads are not too bad..they are more suited for spread trading..but the daily ranges are not bad..
overall..i think they offer another low risk trading opportunity along with the MES..not as good as the MES..but they might get there some day..who knows..but i sure as hell hope they do
i would prefer to use AMP Futures..but as they currently do not offer The Smalls - i have sent out an enquiry to see if this is coming shortly - it would appear that IB is currently the best choice..
cost per side for The Smalls with IB..
IB fee = 0.08
Small Exchange Fee = 0.15 or 0.07 (for subscriber)
Regulatory Fee = 0.02
Clearing Fee = 0.045
Total per Round Trip Non Subscriber = $0.59
Total per Round Trip Subscriber = $0.43
As i am a subscriber i will get the $0.43 per round trip..these are the type of commissions that you want to be paying..boy have things changed since i started out !!
i have been watching The Smalls and even though the daily volume is still low..the spreads are not too bad..they are more suited for spread trading..but the daily ranges are not bad..
overall..i think they offer another low risk trading opportunity along with the MES..not as good as the MES..but they might get there some day..who knows..but i sure as hell hope they do
We never completed the exercise as the charts posted(Me and VO) were FX. The relevant posts necessary to understand the exercise/game proposed by M3 are listed/linked above. The highlighted/bolded sections will explain the exercise.
Is anyone interested in trying this again?
We need 4 charts... I suggest picking from the major indices, or anything driven by the NY session. M3 likes MES, I will start by adding the MNQ. Maybe copying the template below will be helpful if interested in playing along?
----------------------------------------------
Instrument: MNQ
Date: 23 June 2021
Bar Interval: M30
Open: Yellow
PDH(RTH session): Red
PDL(RTH session): Green
"what do you consider are the main points that makes you choose this instrument over another instrument"
^MNQ offers an ample Daily Range... I am noticing the difference in volatility in the E/U... the EU's daily range has shrunk considerably in prior years. It typically moves some 50-60pips in a day. The MNQ offers 2-3 times that range daily.
Also of note, one advantage of this instrument is that it is based on the NY session, and may offer an exploitable edge with regards to the agreed upon session start and the following participation?
"..and how would you go about trading it?"
^Good question. This is the rub. In hindsight, this was a NRB day, BLASH/SHABL would have been the play for the day.
MP
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That's probably the tricky bit.
In a similar vein, for anyone following along, do these looks the same?
Do these look the same?
What about these, do these look the same?
What about these images here, any similarities?
I got a bunch of these, but just a few examples.
Looks promising..!!
It looks like the closes + follow through are important.
is Y the Open and R&G the prior H&L's?