Please comment on this chart if you have time.

Discussion in 'Technical Analysis' started by semperfrosty, May 20, 2023.

  1. #61     May 22, 2023
  2. SunTrader

    SunTrader

    I trade the one and five minute charts.
     
    #62     May 22, 2023
  3. This is the 5.

    I guess it could be scalped pretty well?

    upload_2023-5-23_0-10-23.png
     
    #63     May 22, 2023
  4. that's quite alot compare to es round trip contract where it range from $1 - $2 commission depending on your brokers.
     
    #64     May 22, 2023
  5. is that all?

    how much per point do you make?
     
    #65     May 22, 2023
  6. $50/point. what country are you in?
     
    #66     May 22, 2023
  7. Australia
     
    #67     May 22, 2023
  8. So if you make $600 for the day(excl door dash) youve caught 12 points?

    Or can you catch smaller portion of a point?
     
    #68     May 22, 2023
  9. most of the time...smaller porting thru out the day but it adds up. every once in awhile if i trade at night time, i set profit target and stop loss before i go to bed. one time, it captures 10 points when i wake up and i made around $500. i don't trade es exclusively, i also trade crude oil and gold futes too.

    are you able to trade es in australia? what is yoru commission for trading es thru ur broker?
     
    #69     May 22, 2023
  10. ill look into it and let you know.
     
    #70     May 22, 2023