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Old 03-12-2007, 02:19 AM
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Re: Contract volume

Very interesting view Bear. With only 60 contracts per day and you can still get in a good trade. Have you ever faced a situation where you can't get out of a position cause of that low turnover?

I've always viewed the situation as liquidity = volume of contracts goin through. More buyers and sellers doing thier thing makes liquidity. But after your post I guess that liquidity is a subjective thing!

I'm not familiar with the DD contracts cause I live in Australia, but I'd assume that if you have only 60 odd contracts goin through per day it must be some floor trader who creates the liquidity on his own by turning over 60 contracts a day and taking a small profit on the spread.

MP as in market profile. Theres a whole section dedicated to market profile if you care to have a look at it If you're interested in it and learning a bit of the lingo then its a great place to start. I am very new to MP myself and have been applying it to stocks on a very rudimentary basis without any dedicated software, just using excel lol. My analysis will be a bit off but it still is close enough for me to learn how to try and spot different market conditions.

I just bought the Mind over Markets book by Dalton et al. and its a fantastic first reference to MP, highly recommend it!

Mate don't worry bout your level of education either, if your making money consistently you must be doing something right! Just sit down and look at what you do so that you can develop your own system based on your own style. Trading is a continual learning process and I'm new to it myself. Just keep on filling your head with knowledge and experience

Best of luck to you!

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