sevensa

I am curious then why you would be making statements like below about the honesty of a broker if you haven't used them since "back in the day" and rest is heresay? What experience do you really have with TS?

You should read the book again, as you do not appear to understand the basic definitions. Or, if you blindly want to sell all no demand bars and buy all no supply bars, then you are just buying/selling randomly if you don't look at the background.

Why don't you ask Sirtrade? If you have purchased it from them, surely they provide support as well?

Look at all the parts in the code where you use division and see which value can potentially be 0 and then correct this.

If you want someone to help you, at least do some effort to explain what the indicator is supposed to do and what error you are getting. Or do you expect that someone has to go through the code to figure out what you think it should do and then let you know what is wrong?

I stand corrected. We all should follow your advise and do what you do as you are the only one who know what's the best and correct way of doing things. We are so happy to have someone as wise and smart as you join this forum.

Just because YOU wouldn't do something, does not mean there is NO reason for someone else to do something.

If you look at Tam's posts, he has provided numerous posts and suggestion for new programmers on how to start. Not having programming or technical experience is not an excuse. None of us start with knowing anything and we all learn along the way.

Why don't you create one? Have you even tried?

That sounds a bit idealistic, or rather very simplistic. What about the big players that need to hedge? The airlines who want to hedge their fuel costs, the industrial companies that want to hedge for raw materials? They are not in it for purely speculation profits and to take money from the masses. Why does this have to be the same players who has to make money? For the markets to keep functioning, there need to be buyers and sellers. What are you basing your statement on that one side always will be the same ones making money?

No demand bars are closing up. Neither of A, B or D are closing up and all three of them are down closes. You have several no demand bars before that, that you ignore. In hindsight this is easy to see that that they gone nowhere, but how would you have known that during real time? Careful to look in hindsight at a chart and force VSA "signals" on it to match the outcome.

Which chapter from where are you referring to?

How about reviewing the book and let us know what you think of it?

Commissions for futures are normally quoted per contract per side. If you buy a contract, you pay $2.6 commission and when you sell it, you pay $2.6 comission so your roundturn is $5.2. Multiply that with the number of contracts you trade to determine your comissions.

Probably because FX is getting so popular and most FX brokers user metatrader for their charting platform.

I don't trade the ES and I don't know if your question is per trade or per day as it seems you consider average ticks per trade and average ticks per day to be the same. To be honest, I am getting a little bit lost of your line of reasoning. Initially I thought you were talking about ticks per contract per day, then you change that to ticks per contract per trade and now it seems like you are merely comparing 1 tick profit to all "traders", including losing ones. That was not evident from your post where you stated that you need 30 to 40 contracts to make $450 a day. Sure, if you make 1 tick, you are much better off than the people losing money. If I dig trenches for 15$ a day, I make more money than someone who is unemployed and earns nothing, but I would seriously wonder if this is worth the effort and if maybe I can utilize my time better. But that is just me. For other people this could be perfectly acceptable. However, with the NQ I know that 1.5 points (6 Ticks; $30) average TRADE (not per day) per contract is realistic and very achievable and probably on the low end than what many others do. Whether this is a "good" amount, I don't know. Some people would think it is and some people would consider this a waste of time as well. For each their own. Blowfish's reply got lost between all the posts which is unfortunate as he is pointing out a very important principle. Btw, thanks for the tip on how to calculate averages. Who would have thought that one need to include all trades to calculate an average.

What you are talking about now is average profit per trade that come out to be about a tick per contract. This is different than your earlier "calculations" based on 1 tick/contract per DAY, which is vastly different. (Unless of course you only take one trade per day.) My comments were based on that and I stand by it: If you only average 1 tick a DAY per contract traded, then you are wasting your time, imho. If you insist now that you were talking about profit/trade, then your calculations above do not make any sense.

I am doing this monthly and I am not surprised. How long have you been trading now for one tick/contract per day? Don't you find it extremely tiring and stressful? I am geniunely curious and not being sarcastic. I can't imagine sitting in front of the charts day after day trading all day for 1 tick/contract.

Yes, I agree. The numbers are way off. To earn $10,000 a month is about $450 a day. If someone need to trade 30 - 40 contracts to earn $450 a day, he is probably wasting his time.

How do you know that statistically it doesn't mean anything? I would be interested to know what kind of testing you did to reach your conclusion?

I don't see how the market can be a fuction of account size, profit expectancy and risk tolerance as the market has no "knowledge" about any of those. An indivudual leverage has zero impact about the trendiness of the market.

You probably should reread the defintion of a no supply and no demand bar then you'd be able to answer your question yourself if they are no supply/demand or neither. How relevant they are and what they means, depends on the background/context. Don't try to explain and make decisions based on single bars without taking background into consideration. Without considering background, you are looking at "random" bars. What to expect is that price will move either up or down or continue sideways. It's up to you to manage it.

Have you seen this blog? If not, you might find this useful. tradingwithmatlab blog And this site. Not sure if this is the same person. tradingwithmatlab

In essence I agree with your statement, but I have higher confidence in more recent S/R levels. If you look 25 years back, you will find "S/R" levels for any turning point and I think this become no different than drawing Pivot, S1, S2, R1, R2, their midpoints, Fibonacci ratios, Murrey Math from the previous day, etc. If you draw that many lines, you some are bound to "hold" price. The same with going back 25 years to find S/R levels. If you draw lines on each one, you are bound to find some level which held current price. I think at some point, these S/R levels are nothing more than random lines and becoming coincidence for price to stop there. How far back that is, I don't know. I guess after a while one get some kind of feeling about what levels are important and which ones are just random lines. This is where your statement about it matters until matters is probably more important than many people realize. Many people will not get it until they get it.

If you don't have a plan and just play it by ear, you are in essence making random trades. With random trades, you should also expect random results.