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  1. bone

    Newbie Question: Why is trading ES so popular?

    Another point to consider is that the ES contract is a hugely popular spread trading vehicle as well. Both high frequency and longer term holding periods, speculative and institutional. A population of the trading participants are using that contract as a spread component to capture a price...
  2. bone

    Order Flow indicators (www.tradingphysics.com)

    There is another party always taking the other side of the trade. Figuring out the exhaustion point for the aggressor ( liquidity taker ) with any consistency remains the real issue. I tried out the Market Delta product several years ago.
  3. bone

    Whoa !

    And again to be clear, I think the more appropriate issue is not the trading posts but the general solicitation for investment funds. Any registered broker who is a member here on ET, or for that matter a responsible vendor or sponsor would agree that the US CFTC regulations are very...
  4. bone

    Whoa !

    My concern was not his trading commentary, but the appropriateness for his general solicitation for investment funds which were embedded in some of his posts and threads - including the post cited originally in this thread.
  5. bone

    successful traders: did you have a mentor?

    One thing that open outcry pit trading was very good at was providing mentoring opportunities. It was understood and encouraged and it was a point of pride for a successful trader to do a bit of mentoring - especially for his own clerks. Electronic trading is very difficult because these...
  6. bone

    Is trading E-minis a zero sum game or not?

    Sure, from a strict definition standpoint e-minis are a zero sum game in the sense that it is a cash-settled futures contract that is not fungible. The Insies match the Outsies. A population of the trading participants are using that contract as a spread vehicle to capture a price...
  7. bone

    Luck vs Trading

    From my personal observations, this is almost always the result of substandard or disorganized position ( money ) management. Having said that, markets are constantly changing and that is the only "constant" in trading quite honestly. Problem is, everyone concentrates on the entry signal...
  8. bone

    How to define a strong trend ?

    David Ellis from DE Trading / ITG told me a long time ago that when markets are going up - all he wanted to see were higher highs and higher lows. When markets are going down - all he wanted to see lower highs and lower lows. And David was a very, very good S&P futures trader. In terms of...
  9. bone

    Taxing the rich will not solve the problem.

    Brilliance. Total complete truthiness.
  10. bone

    short short etf + short long etf

    I was concerned that my response was not detailed or specific enough to be of benefit. Good luck with everything !
  11. bone

    short short etf + short long etf

    I was asked to comment via PM on the general idea for these types of trades. I agree that while there is no such thing as a 'risk free rate of return' - including sovereign interest rates. I understand the intent of the construction. There is some risk in the trade, and there is certainly...
  12. bone

    New Spam Threads

    http://www.elitetrader.com/vb/showthread.php?threadid=253174 So wrong in so many ways. Regulatory, illegal solicitation for funds in the US, ethical, spamming, and a real dickhead persona.
  13. bone

    Whoa !

    I am not sure where to begin here... Spam, an illegal public solicitation for funds, is this guy registered to do this type of solicitation from a regulatory aspect, this just smells really bad. Really questionable intentions within this thread and many others quite frankly. And of course his...
  14. bone

    Daily Hottie

    I saw her on MTV's celebrity rehab with Dr. Drew. She was climbing the roof of the building and was seriously psychotic. But all that aside, yes I would.
  15. bone

    Technical analysis :useless junk science

    The outcome of every trade setup I have personally ever witnessed or personally executed has been different. Unfortunately, no two trades that I can recall were ever identical in terms of set-up and outcome. Wish it were that simple. The only thing that matters is consistency - who cares if...
  16. bone

    open outcry data

    Why would you believe that open outcry data would be useful in terms of pit reporting and timestamp ? The fact of the matter is that anyone silly enough to be standing in the pit these days is looking at a TT Order Book.
  17. bone

    Is Trading Just Guessing?

    You will not find a legitimate professional trader; that is, someone who actually trades markets in order to make a living and support a household, who would agree that trading is just guessing. Having said that, there are no absolutes in trading. Joe Kennedy Sr. during the month of October...
  18. bone

    Trading and Marriage Don't Mix???

    It really did not become an issue from the early '90s until the mid 2000's as I was always trading downtown in the Chicago loop or the North Side - either on the floor or in a trading group office on the screen. In the mid-2000's I started my own LLC, built out a really substantial home...
  19. bone

    Thank You, Mr. President. You Held Back the Worst

    Have the first three posters in this thread swallowed yet ? Seriously, boys. Calm down. Moderate your libidos please.
  20. bone

    Germany now wants a full audit of its gold held in the U.S. Fed says no.

    Much ado about nothing. I am sure that the Fed is holding that Gold as a courtesy, and that the Fed would much rather return it than audit it from a logistical standpoint. It's not like the Fed is earning anything by holding it - quite the contrary, I am sure that the infrastructure and the...
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