Lol okay I pay about $3.00 round turn for 1 contract in commissions, but my tick size is $31. I only have to make 1 tick per 10 trades to cover commissions. To get those good spreads in Forex you are also paying commissions plus a spread. Why the ...

5 years and still no strategy

look I don't need to convince you of anything you obviously have your mind made up. If you've never looked at a good DOM that shows recent bid/ask, pulling/stacking, then you have no clue. Yes, I use the DOM to scalp. I look for 3 to 5 ticks unless ...

5 years and still no strategy

Trust me, I know. I know about spoofing, icebergs, headfakes, all of it. But here is the thing.... I can see it. It's all very useful when put in context. I trade treasuries which is a super thick slow market and takes serious size to move it. If ...

5 years and still no strategy

Yes, Futures is different. Futures is a transparent market, Forex is not. You can not see order flow in Forex. In Forex you are instantly down money as soon as you put on a position. My positions go through an exchange. Your orders go to your broker. ...

5 years and still no strategy

If you can't logically think of the edges you could gain by being able to see orders coming in and out of the market then there is no sense in me trying to convince you. Your study would be flawed. There are so many different variables that would ...

5 years and still no strategy

Gotcha. My broker has a maintenance margin of $2,750 and a day trade margin of $500. I think it's insane you can open an account with $500 and trade 6E. That market is way to volatile. I would at minimum start with 10k if you're going to trade 6E.

5 years and still no strategy

Does not require more capital. Unless of course you're starting with less than $500. You can open an account for $500 and trade the 5 year T-Note. Each tick is worth $7.81 and it moves slow because of how thick it is. If you have an edge you can ...

5 years and still no strategy

That's why you don't trade currencies. Trade the emini's or treasuries. Treasuries preferably... less commissions, more liquid.

5 years and still no strategy

This is why technical analysis will kill you. A chart is nothing more than a graphical representation of where the price was in the PAST. Just because the market stopped there before does not mean that it will do so again. Plus, why did it stop ...

5 years and still no strategy

EU = Wowza. Some big boys getting involved here (either selling to go lower or getting out of longs)... 300 contracts in one order (That's $3,750 per tick). I went short. Let's see if I get ran over. small risk.

Trader Dale - daily trading levels

Hi Radaway, A - Yes, that indicator comes with Sierra Charts level 5 package. Infinity Futures only provides the level 5 package. So if you do what I explained above, you won't have to pay extra for the level 5 package. Below is an animated image on ...

Trader Dale - daily trading levels

You nailed it. Yes, it's a 4 range chart. The reason I use range bars IMO they show consolidation areas + rejection better than other candle variations.

Trader Dale - daily trading levels

Here is a great example of a trade I just took by drawing VP around consolidation areas/start of move (+10). Notice how this is the first test of that POC... the first pullback missed it. The blue candles in my previous pics represent contracts ...

Trader Dale - daily trading levels

Drawing custom VP around short term consolidation areas is a great way to find scalps or add to positions. Notice how price retraces back to value (yellow POC). Click the image to see the animation.

Trader Dale - daily trading levels

Oh nice! It's missing a few features for me (Range bars, Custom Profiles, Footprint, Time & Sales, ect...). But that is a great option for people who don't need all that. For anyone interested in a cheap way to get Futures data with a great platform ...

Trader Dale - daily trading levels

Hey Ziggy! If you want to see if TradingView's Profile is pulling futures data I'm attaching a chart of todays volume profile for 6E. I'm curious to see if it is?

Trader Dale - daily trading levels

Thought I would share this video with the group. He uses VP to find levels. Once he plots his levels he waits for range bar rejection and footprint confirmation then hops on for some quick scalps. This is similar to how I trade. It's not for ...

Trader Dale - daily trading levels

Here is the 6E volume you requested. I tried to align the VP tool to the same area you have yours plotted. But as Ziggy was saying Forex tick data will never be capable of showing actual volume at price no matter how you try to adjust it.

Trader Dale - daily trading levels

EU - Some large contracts firing off in this area after that strong move up. Decision point at these levels. No trade for me yet. Bulls are strong!

Trader Dale - daily trading levels

What a great Profiling tool for MT4, akift. One of the better indicators I've seen. Good job. I would like to warn people though... using tick data to find levels will not be as accurate as true futures volume - so you may need to widen your stop. ...

Trader Dale - daily trading levels