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What are the benefits of using tick delta compared to volume? Common theory is that you buy when price and volume are increasing at support or sell when price is decreasing but volume is increasing at resistance. This seems to be a better way of looking at it than tick delta. As I understand it tick delta doesn't distinguish between a 1 contract tick and a 100 contract tick.

There's a program called MarketDelta which takes volume analysis to the next level. It's a graphical representation of price/volume. It costs about $200 a month with Market Profile and you can get a one month free trial.

The best neural networking technique is sitting there staring at price for years, training your brain to recognise patterns so it comes as second nature.

He's talking about the pit-traded contract where you have to phone through an order and eventually it gets to a pit broker. Barking up the wrong tree...

I doubt the commission you pay on one $10 DOW contract is less than 2 $5 DOW contracts, unless perhaps you trade 100 contracts at a time.

Why not just buy 2 $5 Dows to begin with?

I found the answers to my own questions. Might be helpful to others. ESignal's $PC-ST is the same as CBOE: Market Data - Intra-Day Volume so yes the same as what Soultrader uses in his videos. EPREM A0 from eSignal is better because it is obviously real time. EPREM A0 is firing off buy and sell programs where $PREM isn't. For TradeStation users it might be worthwhile to check how good their PREM calculations are. Here's a quote from a veteran progam trader:

This will be my last post on the subject. The "correlation" between EC and EUR/USD is almost 100%. There are arbitrage programs run that ensure the two are never out of step except for maybe a split second after news releases. The apparent difference in the price of the two simply reflects interest rate differentials. The futures price follows the spot price exactly. If EUR/USD goes up 27 pips then EC goes up 27 pips. If EUR/USD goes down 106 pips then EC goes down 106 pips. I'm not trying to start a discussion about spot v futures I'm just pointing out that anything you can say about the EC charts applies equally to EUR/USD charts. Most EC traders use EUR/USD charts though so that they can see the big psychological levels like 1.30. There is no meaningful separate discussion you could really have. That's why you never see anyone discussing EC separately. Good luck to you anyway.

What I meant was, the moves in EC are identical to the moves in EUR/USD so any discussion of technical or fundamental influences on EUR/USD apply equally to EC. There are even CME "e-quivalents" which convert their EC price to the EUR/USD spot price. EC is just another way of trading EUR/USD. What sort of discussions did you have in mind?

You can't separate the EC from EUR/USD spot. It doesn't have a life of its own at all so I can't see what sort of discussion you expect to have about it. Sorry to be blunt.

Looking at the GLOBEX GBP contract this morning liquidity seems alright and spreads are the same if not lower than IdealPro (seems to be 1 pip most of the time) so I might go with GLOBEX in future. It should be fine for my swing trades and $5 a pip is ideal for me.

I see the value area provided razor sharp accuracy for support and resistance for YM yesterday, as usual.

I hear that FXMarketSpace is not going to be available at all to retail traders. There are a couple of good options for trading spot FX. I use IdealPro from Interactive Brokers. Orders go straight to interbank liquidity providers like Deutsche Bank and Bear Stearns. Whatever you do don't use a retail FX bucketshop. Cable (GBP/USD) is more tradeable than EUR/USD. It's great for swing trades - one position every week or two. Look at Tuesday's inverted hammer candlestick on the daily chart and tell me you couldn't have spotted that as a reversal. CME has a $5 a point GBP/USD contract but liquidity is not great. I don't see any benefit to using it over IdealPro.

The eSignal put/call ratio is $PC-ST. I'm not sure if it's the same thing Soultrader and other traders here use. Today the direction was up even though price was declining (sharply). It closed at 1.041. Are we looking at the same thing? For prem eSignal has 3 different options: $PREM, PREM A0 and EPREM A0. ESignal says $PREM is now real-time but it's delayed compared to the other two. The quickest seems to be EPREM A0. It shows more signals than the other two. Today it fired off dozens of sell signals compared to only a few for $PREM. It's the one that I saw recommended on an PREM article on another website. You need full CME access to get EPREM A0. Anyone have experience or recommendations using these in eSignal?

This was the first day in a while that I haven't drawn the value area on my chart before the open and I was completely lost. I couldn't trade at all until the weekly pivots started coming into play. Shows you don't know how much you need something until you lose it. I'm going to pay the $50 for the eSignal MP add on. That would have paid for itself in one day.

You mention somewhere on the website that weekly pivot points provide strong support/resistance and that's what happened today with YM. The daily s1 and s2 were too close to be of any significance but weekly s1 and s2 were the only support on the way down. Daily s3 never came into play because it was too far down.

I was led to believe that time & sales of the pit-traded SP would be available but it doesn't look like it is, not in real time anyway. All that's coming through is the prices, not whether it's at the bid or the ask or the size - pretty useless. I suppose you would expect that - it would be difficult to get all that information from the pit to the electronic system in real time.

I think the blog section is a good idea, especially if there's the option to keep it private or make it public. I use Yahoo 360 at the moment just to keep a record of my trades but it's not ideal. Something designed with traders in mind would be good.

On eSignal it's $55 to get the pit contracts from CBOT and $55 for CME - cheap if it gives you an edge. I just added the $55 CME exchange fees to my account so I'll check out the difference between the ES tape and the pit traded S&P tape.

Here's a question for you Soultrader. Why not use the time & sales of the $10 pit-traded Dow contract (DJ) instead of the YM? I would have thought DJ leads YM and you could also see the really big positions coming through the pit.

Hubert seems to be happy to follow the little guys whereas Soultrader is waiting for the big guys (just comparing the two videos on this thread). If it's a choice between following a bunch of 1 lot traders and following Goldman, I know who I'll follow. I've learned so much from your videos, thanks a lot Soultrader.