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Its not decimalization, its the NYSE specialist system. Decimals just point out the problem better. When you only have one person determining the best bid and ask - there is no competition and you will always get ripped off. The SEC needs to open up competition on the best SHOWN bid-ask...

In watching Trade Size on the emini it usually flows somethink like this ...... .......2,1,1,25,1,2,1,1,5,1,1,1,100,3,1,1,1,2,1,1,10,1,4,1,1.......

The NYSE rulebook is about as respectable as....... ....Martha Stewart as a NYSE board member .....Dick Grasso as a board member of Federal fraud target Computer Associates .....Ivan Boesky as...... Just because you wear a suit and have an expensive public relations department does...

The thing is, market orders are probably the only way to get filled WHEN you want to be filled. If you place a limit order on NYSE they'll just ignore it and trade around it until THEY want to fill you. So, until the SEC opens up the NYSE like the Nasdaq, its something that you have to...

Instead of setting a separate clock, I use Trouts Internet Clock. Its a free program. I have it go off a minute before each hour and half hour - it jars me awake in case I am forgetting something. http://chemware.co.nz/tic.htm#shareware

With Nasdaq stocks and with electronic futures it is ridiculous NOT to use limit orders when entering an order. The limit is the current ask/offer when buying and the bid when selling. If you use a market order you are basically saying "please screw me". The only caveat is if you are trying...

Anyone who wears Hawaiian shirts can't be all bad.

A one day ma would be the same as a 26 period ma on a 15 minute chart, no? 390 minute trading day / 15 minutes = 26

"Tea" stands for the letter T. Not the drink or the stuff you roll. Not as creative as Nitro, but I do my best. :D Good trading to all and to all a good night.

I like Antigua and Java.

Its the same, I believe. Just click the "all sessions" box to get after hours globex

Why the hostility? He was just offering his opinion. No pattern is perfect and this one didn't break the neckline. Instead it bounced off a daily trendline. Below is a story posted on another forum that is might be a good read for this forum: A group of frogs travels through the...

Surprisingly, I think the regulators take every letter seriously as long as its logical and not gratuitously insulting. I don't think that they hear from "the people" too often. Its probably a welcome break from the industry insiders who knock on their doors. Your letter may not get you...

If you want SEC or CFTC contact info just go to their web sites and click on "contact". SEC http://www.sec.gov/about/commissioner.shtml CFTC http://www.cftc.gov/cftc/cftccontacts.htm

Do trading patterns like turtle/Donchian 20-period breakouts stop being profitable because of over publicity of the pattern or because the supply vs. demand pressure ratio has changed and the pattern is no longer appropriate? In the 60-70's bull market in commodities, the turtle method...

NYSE Open Book is just a fig leaf used by the NYSE to give the SEC the impression that they are just as open as the Nasdaq. You need to write a paper letter to the SEC and logically explain how it is not working as advertised.

This is good. The SEC and the CFTC need to hear from traders. All they hear is self-serving twisted spin from the exchange lobbyists. I think a paper letter has more impact. CC. your Congressman on it as well. Your representative only hears from exchange lobbyists. Be logical and...

Perhaps the hardest thing to get your hands around is the realization that even if you are doing everything right on the entry - that half or more of your trades will be losses or break even. There is no perfection in trading. Some people don't take their stop losses because they want every...

Unless you are a NYSE specialist or third party market maker, I don't see how this can be done on a consistent basis. With a closed system like on NYSE, you depend on the whim of the specialist. I guess it is possible that you could find a really stupid specialist. If so, then good for you...

Price improvement on the NYSE...... They artificially increase the spread by 50% and then occasionally give you a 50% price improvement discount......such a deal! Until the SEC opens up the NYSE like they did the Nasdaq - I would either get used to using market orders or avoid NYSE stocks.