1.) before my day i want to know not only news reports etc. but i want to know what patterns occurred yesterday. so yesterday was a nr4 and a inside day which told me most likely something was going to blow today. set my mind for a possible trend day.daily data below 2.) i don't tangle with openings so i watch the market profile forming and it indicated a trending session was forming. it started like this first chart below and finished like the second chart below. 30 minute data below started like above and finished like below 3.) then i also watch the value areas and the point of control as they form. 2500 contract bars below 4.) i use the oscillator at the bottom of the page to make sure i am trading with the mo. the heavy red line is the start of the day session and the bands are the value areas and the point of control. when the market rotates within the value area you counter scalp and when its outside the value area you trade the direction of the mo. m
That's a handy little oscillator! wish I could have something like that. And that POC concept...fits me But your tools are prolly...expensive!
Before dinner thought I would come out and play with market orders. So I am having a profitable night session.
Getting some nice "market order" action 19RT's +$262.50 (commish $49.02) NET $213.48 Daily loss limit moved to $786.52 My fixed costs are just Tradovate membership fees ($199.00/mo). Charts free. Exchange fee $5.00/mo. My labor $35.00/ hour. Income Taxes ummmm got to think about this. ElectricCountsEverythingSavant
THATS RIGHT! MARKET ORDERS 21RT's +$337.50 (commish $54.18) NET $283.32 Daily loss limit moved to $716.68 My fixed costs are just Tradovate membership fees ($199.00/mo). Charts free. Exchange fee $5.00/mo. My labor $35.00/ hour. Income Taxes ummmm got to think about this. ElectricCountsEverythingSavant
26RT's +$400.00 (commish $67.08) NET $332.92 Daily loss limit moved to $667.08 My fixed costs are just Tradovate membership fees ($199.00/mo). Charts free. Exchange fee $5.00/mo. My labor $35.00/ hour. Income Taxes ummmm got to think about this. ElectricCountsEverythingSavant
ES, Are you experimenting with market orders or buy offer/sell bid? If you were exiting with a market order or buy offer/sell bid as well then your results will be closer to reality.