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A trading edge according to me, at least, is a consistent methodology to take profits out of the market. If it is an automated 'lead-lag' algorithm, or a simple 5 period versus 20 period MA cross on 5 minute bars on a charting package, or "tape reading" a market DOM price ladder is really in...

Well, he is hiding his scaling and the damn thing does look like a Rorschach Test of some sort but it appears like wave counts ( same same as candle formations ) and an oscillator. All technical studies have inherent limitations. What looks brilliant using one timeframe is of course a...

Well, that was really true in the 1990's and early 2000's but not so much these days. These days it is more about China's labor rates ( wages ) maxing out against overseas container shipment rates. The advantage is shrinking rapidly, and countries like Vietnam are going to compete with China...

Well, if you do not want to use a stop loss that is your business. But I promise you that your clearing firm has a stop loss for your account. And they will use it regardless of what your desire is. I have found from personal experience that traders who rail against the use of a "stop-loss"...

The most entertaining and honest post I have read on ET in quite some time. Well done.

And now we have news coming out of these Chicago and NY firms ( Getco just last week ) that they are seeing revenues on the decline and that they are laying off staff. Maybe the ECN "speed game" is finally reaching its' inevitable conclusion.

Not with the New York and New Jersey tax treatment. CME just got a sweetheart deal from Illinois to stay, as there was much talk about CME moving to a Southern state. Unless you were to see futures on individual stock names reappear, no latency issues IMO for the CME in terms of NY. Hell...

Definitely the exchange traded spreads in terms of major exchange futures products. Just don't clear IB for reasons already discussed earlier in the thread.

It is not advisable under any circumstance for you to be manually legging August versus December Nymex Crude Oil. You will get flipped and end up butchering it. That's my honest and sincere opinion. Not worth the tradecraft investment in terms of skills and concentration required. The...

Sure, that works just as long as the losers you take anytime you wish are no bigger than the winners you take anytime you wish.

Looking at the August Crude Oil futures order book at the moment - it seems to be always one tic wide; two tics for a fraction of a second during market movements. The Euro currency future and the Japanese Yen future are usually one tic wide. Given the fact that Crude Oil has a 20 day...

Then shut up and trade it with real money, Steve Nison. Works just like any wave count. BTW, the software for candle and wave counts changes on-the-fly. The charts always look better after the settlement than during the trading hours with dynamic data.

I do not put a great deal of stock into seasonal strategies as pushed by Moore Research Center and Joe Ross and Jake Bernstein. I think that when you test them for yourself, or trade them live, that the hype is just hype. I thought that the Wall Street Journal article on Jake Bernstein's...

I have custom technical studies I designed expressly for spread trading. My clients use my studies along with eSignal, CQG, or Bloomberg charting packages - depending upon what they are comfortable with. We use statistical methods like correlation and cointegration studies to design and...

Patterns and replications in the markets do not last - they get traded away or arbitraged back to zero. That's what defines a successful trader - patterns and consistencies get exploited for fun and profit until they no longer exist. I can not recall seeing the exact same chart set-up for...

Well, the idea is not to get yourself f***ed in a very thin market. You don't want to pay up a full point on a stop market order in March 2015 Nat Gas at two o'clock in the morning. Six hours later, that market is going to be eight tics wide at the most. On the other hand, if he specifies...

At least the way TT works in that scenario is that it will try to get filled at the best price between 2.80 and 2.85 if you had set your limit for 2.8 and specified a pay-up amount of 0.05. If there are no orders there to fill your trade, your order rests at 2.85. So, if there was an order at...

At least with the execution platforms I am familiar with, you can specify a "payup tic range" for stop limit orders, which of course would be the preferred strategy for that type of order - especially in a thin market.

The reason for the overlays is to illustrate the microstructure of the interday relationship between Rio Tinto share price and the price of the Copper futures contract.

I think it fair to say that the business model of co-mingling and interbreeding training and trading, where the client brings his own personal capital to the firm, is attracting a great deal of regulatory and industry concern and compliance actions as of late. Lots of formal complaints being...