Recent content by Jonathan Weissberg

I've recently read 'One Good Trade' by Mike Bella and have a few thoughts/questions I'd be keen to discuss with anyone else who has read it or who is actively trading. The book is highly recommended. (1) The existence of 'basic trading plays' or principles: In Chapter Four, 'Pyramid of...

Initial Balance is defined as the first hour or whatever of trading. This is completely arbitrary when applied to today's markets, but back when this method of visualizing the market was developed, the first hour's range was measured because long-term participants, e.g.,., institutions, hedgers...

I've taken some time to read through market-profile books and from what I've managed to extract by skimming through the relevant books, the essential of the whole approach is: (1) The time-frame of the participants is the most essential feature in relation to their behavior; (2) The amount of...

Hey tommo, good to have you posting in the thread. From what I've seen at prop shops, when people say that, they're usually referring to orders once getting worked idiotically or aggressively vs. a very big & slow order getting worked over a whole session in a mind-numbing grind.

I've noticed this too. I wonder why it's so much more common in Europe (and elsewhere) for people to sit in-front of futures DOMs than in the US? I am guessing it is simply the amount of market-impacting events occurring around a workable European timezone (which includes being able to work US...

Some good posts here from Bone & qlai. Similar to Bone, I don't think it's one thing that'll allow you to master any market, but it can be useful in combination with other knowledge & skills. I think the skill becomes more applicable when: (1) you have good rates (as Bone said), (2) there's a...

Out of curiosity, how do you avoid getting filled other than quoting less if you need to sit x ticks away constantly? And re: hedging it off, is it common for market makers to hedge off automatically into relative value trades or is it mostly pure arb and into the underlying?

Curious given what you're saying, what was/is impact on liquidity if there are no 'daytraders'? and any other interesting impacts on market structure?

I've been doing some reading lately on the concepts behind this charting method (profile) and the only meaning of 'price control' I seemed to find essentially equated to a defined price range. Or is it something else?

Just thinking about this fairly superficially and quickly, that makes sense to me. You'd expect a market with lots of active participants to respond quickly—a measure of time—to a perceived mispricing. That seems to be the essential aspect rather than volume since a large quantity of volume...

What would be your reasoning behind segmenting by volume? And on what reasoned basis would you pick one quantity of volume over another?

I'm curious if anyone has given any thought to or observed how a product that trades across multiple venues (the Euro) trades differently than one where volume is concentrated at one venue (an ASX stock)? One impact I can think of (in the short-term, within the day) is order flow that is much...