I don't care about volume. With 1 million contracts for each trading sessions volume is no issue to me. Most important is finding the trend and filtering out the noise. I would say that this is 75% of the job to get a good system. I recognize many things that Porgie tells, have been through the same problems more or less, and it took me also a huge amount of hours to get this far.
Oh well, here we go, got a nice surprise this morning, nothing works on PC, looks like some virus. Remember I mentioned about my technical abilities? Yeah...
romik.........u just need to forget about technical skills ........won't really help that much in learning process.......we don't even need to know much about t he market.........we need to gain emotional control and find 1 or 2 dependable entry signals............very dependable........and trade t hem........the emotional factor is why most can't trade.........not the technical, market, or the millions of different studies that are out t here........i went thru the whole process of making a few thousand errors before i realized it was mostly me that was the problem............the more i "learned" the harder it got........t he more i tripped over what i knew...and what i knew was really mostly worthless as far as entering the trade h igh or low, recognizing t he trend, entering with a dependable signal that is "the edge".......there are many many different approaches that have t he 'edge"......t hat is, the advantage of not being average, but just a few s teps ahead..........
Yes , some patterns may repeat; nice correction yesterday , in a larger time frame uptrend. Watching weekly hourly low of 1309 also
I am back to real money trading starting today with the new system. Short one unit at 1316.00-- stop is at 1317.75
Covered short and went long one unit at 1316.00-- no gain or loss on last trade. New sell stop is 1313.25
My chart service has some kind of connectivity problem. I have closed with a market order at 1311.50. NO trades on now(except the positionals). Profit there with 2 units was 3.5 points. No sense having trades on when I can't see the action.