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    Fading the opening gap

    I disagree Don. An opening gap can be played in any market including those that are traded 24 hours. It's up to the trader to back test a strategy and determine a start time and end time. I use the pit times to overlay the ES contract and those are the gaps that I trade. The introduction of...
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    Fading the opening gap

    Welcome Murray! :)
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    Fading the opening gap

    The "Raw Gap Play" for the ES showed a loss of 18.75 points for the month of August.
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    Change the tick increment in ES from 0.25 to 0.1

    This is true. I should have said that the reason that smaller traders favor the ES is because... I'll correct this - thanks.
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    Change the tick increment in ES from 0.25 to 0.1

    Depth Of Market. Most trading platforms offer a DOM or DOME (DOM Execution) screen so that you can see the volume bid/ask at the five closest prices to the inside bid/ask. DOM just shows the volume while DOME allows you to execute trades from the DOM screen. (I might be slightly wrong...
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    Change the tick increment in ES from 0.25 to 0.1

    this is true - and if we lose the market makers then we lose a lot of liquidity which isn't good for the market. What would the market makers do if the spread size was reduced? Would they move to another market? Or stop trading?
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    Change the tick increment in ES from 0.25 to 0.1

    That's really not unreasonable. With electronic trading you should be able to select any (reasonable) price to make a market at. You could have standard increments of say 0.1 which the trading platforms show the quotes at (and the incremental bids in between the 0.1's are rounded to the...
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    Change the tick increment in ES from 0.25 to 0.1

    although that car comment is true, i don't see why the market authorities (read exchange) should come between two people wanting to trade inside the bid/ask. i feel that free market principles are being thwarted by forcing wide spreads...
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    Change the tick increment in ES from 0.25 to 0.1

    You could get a custom made trading platform that could group the bid/ask in the YM and ER2 into a coarser grainularity which would simulate the what the ES is to the SP. Market Profile traders do this already in both directions: i.e. simulate a finer and coarser profile than the market...
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    Change the tick increment in ES from 0.25 to 0.1

    Perhaps it's late and my brain has disengaged - I still don't understand why the ES ended up being 0.25 points per tick instead of 0.1 given what you've just said...?
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    Change the tick increment in ES from 0.25 to 0.1

    I agree jem. There's no reason why we shouldn't be able to bid/offer on any reasonably divisible price. If the market is trading at 1230.0 - 1230.1 then there is no reason why we can't push to the front of the queue and offer 1230.09. The next person to hit the buy would get a lower price and...
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    Change the tick increment in ES from 0.25 to 0.1

    This Elite thread asks the same question but no answer: http://www.elitetrader.com/vb/showthread.php?threadid=41969
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    Change the tick increment in ES from 0.25 to 0.1

    I've been using google to try and find the answer to the question "why is the ES tick size 0.25?" and am amazed that I can't find an answer, yet... If anybody finds a link to a reasonable explanation then please post it. Thanks.
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    Change the tick increment in ES from 0.25 to 0.1

    It was actually the article called "Is Day Trading Gambling?" that had that analysis but you got me re-reading some of my articles to find it :) I've slotted in a page here: Changing ES tick size which gives a worked example of the difference between ES and SP and I hope to expand on that as...
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    Change the tick increment in ES from 0.25 to 0.1

    Why not? Think of the ES as a market with a spread that is forced to 2.5 times the size of the SP market. So it is forced to simulate a less liquid market.
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    Change the tick increment in ES from 0.25 to 0.1

    Do you think that the tick increment in the ES should be changed from 0.25 to 0.1? Would you like the tick increment to be changed?
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    Backtesting market profile

    I've written the MP algorithm in C# and JavaScript (for eSignal). If you're interested in buying the source code then PM me.
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    RSS Feed for Daily Notes

    Thanks for the comment omni :) Since you first tried it I've changed it so that it only gives the most recent day to the aggregator and not the previous days. This seems to have fixed the problem with some aggregators which appear to reject large feeds.
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    RSS Feed for Daily Notes

    I'm testing a new RSS feed for Daily Notes. This is the feed that you stick in your aggregator: http://www.deltat1.com/DailyNotes/dnrss.aspx Note: if you click on the above link you will just see XML code which won't mean much. The link is designed to go into an aggregator. For more info...
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    Do you use Ad blocking software?

    A company called Netcraft (www.netcraft.com I think) provide a toolbar that will warn you if you try and enter a phishing web site by mistake which might make your browsing experience a bit safer. I think that it also has some other safety features as well as the usual pop-up blocker.
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