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Doesn't matter, they are still independent of each other for the most part. Your plan tells you what and when you are going to trade, max loss for the day, which strategies you are going to employe, how much capital to risk on each trade, etc. Your strategy tells you exactly what the conditions...

Probably a stupid move.....as back-testing likely to prove this strategy has no merit from a P&L perspective.

Amen to that and I apologize if I offended anyone on this site. And I definitely need to learn to spell Al-Qaeda correctly...thanks for that.

http://www.bloomberg.com/news/articles/2015-12-03/sec-accuses-three-chicago-traders-of-spoofing-options-scheme I've never heard of this before...customer orders ahead of professional orders. How did these guys pull this off ? BTW: Two of them have "Alkaida-like" names....

Good question. Why not the Nasdaq 100 ? What about the Dow futures (YM) ? Finally, has EMD replaced the old Russell 2000 index futures ? I remember the Russell 2000 would really "rock 'n roll" at times.

Well, VRX was not up much today relative to the indices.....that does not bode well for the bulls. Appears the short covering rally is ending soon. I think selling straddles in here may be appropriate right after the fed announcement. This puppy is going nowhere IMHO.

I wonder if he back-tested his "click and hope" strategy ?

You mean like all of the head-faking ? Ticks are a measure of activity....and they even-out the deadzone period in the middle of the day. You can place activity based stops like get me out in 10,000 ticks which could be seconds or minutes....depending on the time of day. As an alternative, time...

Why are you guys so infactuated with volume bars ? Tick bars make a lot more sense (especially for algo trading) and aren't affected by large volume players in the market.

So that's your strategy ?

You need an option price profiling tool similar to what Thinkorswim or Interactive Brokers has. Then you can "see" how the position changes for various price scenarios. A picture is worth a thousand words....especially with complex options positions.

Is the historical service available for CME Futures yet ? Tick level available ? Which symbols ? Which years are available ?

I think you guys should plug some numbers into an options pricing model. You'll discover that if the stock drops 20% in the near term, those short puts are going to crush the position enormously. Of course if the stock continues to go up albeit slowly, you've got a winner.

This is a short play, not a long one. Didn't you really mean buy 100 underlying, SELL 2 ATM puts ?

The Trading Academy charges $5,000 for their course...

Unless you meant to equivocate trading plan with trading strategy, to me, they are two different things. For instance, you could have a good trading plan (trade 1000 share lots, stick with stocks with avg daily volume of 2M or more, trade high flyers, etc). But if your TRADING STRATEGY sucks...

Only fools like Tim Sykes play with those illiquid pink sheet stocks.....oh, and that trader that lost $100k recently on KBIO whose 52 week low is .44 and 52 week high is 45 !!!

Does anyone know if Tickdata.com is finally out of their beta testing of the CME futures price history ? I can't wait to get my hands on it.

Exactly. My systems trade with tick-intervals....so I compute them by counting the ticks, not elapsed time.

Wow, whoever called that short in the Aussie dollar made a great call.