Need explanation on TPO count

[Need explanation on TPO count]

Slightly off topic:

 

Quite honestly i have no idea where most of CBOT's revenue comes from.

I guess though commissions are a big part of it. Probably also a bit from selling data and fees for brokers.

 

The longer a trader sticks around the more commissions he generates for the BOT.

 

How much the members contribute? I haven't got a clue, maybe so much that your argument is valid.

[Changing look of charts confusing]

Thanks for pointing that out brownsfan, i haven't thought of that myself but it totally makes sense to me.

 

I'd like to add that imho the size of the widest candles should be the same on every time frame. Same goes for other instruments.

 

It's only a theory, but i guess traders are probably adjusting their charts in that way subconciously.

[How important is physical conditioning to you?]

Training is very important at managing stress for me. After 2 years of inactivity i recently picked up training again. Endurance training more suits my taste than strength. I row for about 1 hour every second day, good cardio workout , wide range of motions and a lot of muscles get a bit of exercise.

 

Certainly that's not a good way to put on a lot of muscles but it builds some core strength. Throwing some abs exercises into the mix helps as well. Fortunately i got the right genes, so looking athletic isn't a big deal.

 

Maybe i should check out meditation, but it's difficult for me not to be active all the time.

 

Good luck training and trading.

[Changing look of charts confusing]

Hi,

 

I browsed for some threads and had a look a couple of attached charts.

Looking at candle stick chart with white and blue candles, i was amazed by the clean look of it. So i changed the setup of my charts to resemble the ones i had seen.

 

The result was that i totally couldn't make sense of the charts anymore:confused:. I'm used to green/red candles and it amazes me that my brain had a hard time recognizing the patterns with different colors. As a consequence i reverted to the old setup.

 

It's just a funny observation.

[Thank you all!]

I am also new to this site and i find it terrific!

Most forums don't have such high quality posts. The signal to noise ratio is just incredible.

My trading has picked up a bit because of the things because of the things which are written, however it's still a steep hill to climb.

 

Thank you all!

 

 

If i could i'd make this my signature .

[Fibonacci Confluence on Time]

Sandy Jadeja timed the recent drop in the market. I listened to his interview before it actually happened.

He predicted when, at which value it would take a dive and even the drop.

As far as i know he used fibonacci.

[Crude Oil (CL) on Globex]

if i had the resources, i'd dump QM right away. the spread makes short term trading a bit more difficult. on a tight budget i'd stick with QM, because you can establish more positions for scaling in and out of the trade.

 

i'd love to swing trade CL when it turns down, of course who knows if that will happen this year but it's more likely than not. has anybody got an idea how to find out when the right moment would be to go short?

[Opinion on CFDs]

thanks for your comments, i'll steer clear of CFDs.

i didn't see how i could have overcome being down 40USD from the start with little capital in the first place.

[What to trade after regular market hours]

you could also give currency futures a shot, they're similar to forex but better regulated. volume isn't that high but still good enough. i like them as a beginner because mistakes won't wipe you out as quickly as in other instruments. AUD can move quite a bit though.

 

grain futures have some potential as well during electronic trading hours, liquidity drops off steeply after the 1st or 2nd hour, that's a good time to exit unless you dare to swing trade them. they only brought me grief, so no grains for me. catching a move in ZW would be fab right now.

[Opinion on CFDs]

What's your opinion on CFDs? Are they any good?

I suppose it's a bucket shop type of thing, but that's only my suspicion.

My broker charges 40USD per round trip on them plus interests, that's why I won't go near them any time soon.

 

Thanks in advance

[Behavior of AUD or EUR futures today(05 sep)]

Hi guys, I really like your forum and I get a lot of good ideas here.

 

As a newbie trader I still got a lot to learn but I've got a few months of experience under my belt.The last weeks have been terrific for me in the currency futures, contrary to the rest of my 'hobby'.

 

I was wondering if anybody has an idea why the AUD futures behaved so strangely today. Recently any bad news triggered a sell off and bad days on wall street have been a poison for the AUD.

 

So I tried to short the AUD, unfortunately with a very bad entry(as usual).

As soon as the worse than expected news about Pending Home Sales hit the streets AUD v-bottomed:confused: and went against me in spurts, despite a very negative DOW. Volume was higher than average but tapered off right now.

 

The commitment of traders report shows that the big boys were short last week, my guess is that they liquidated their positions and bought into weakness. Same thing happened in the EUR and FOREX.

 

Am I missing something? Any idea how to explain it all?

 

Any help would be appreciated.