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Old 02-12-2008, 04:02 PM
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Re: Candlesticks and Volume

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I've tried volume as an indicator and find it unreliable..for me anyway. I have much
more reliable signals for trend change and small moves. Quite long ago I realized that much of the ER2, ES, and EUR moves could be utilized by taking small hits with many contracts..especially ER2 as it reverses quickly. In my opinion..say..if you trade 3 contracts and only take 2 pts..that is 6 minus cost in and out..around $4.80 in some places. So you get around $72 minus $14.40..around 58 bucks per hit. You can do this all day. Mixed with some really strong longer ones..you've got a nice day. I often hit over 90% with my signals.
Interesting points thnickster. Feel free to start a new thread to discuss!

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