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The electronic breakdown is a good point but what about exchanges that have gone 100% electronic already? NYSE, LSE etc. How do they cope with this problem? Redundant system I believe... multiple sites, backups etc. I agree that it is sad that the pits are struggling because it was a vibrant...

The ticker symbol SP on the CME. Yes I am talking about the big pit traded contract - but remember that this contract also trades electronically outside pit hours on globex - so it would be inaccurate to just say the pit traded contract - and that's why I refer to the SP.

I have done a bit of research and put together a spreadsheet and some charts in my attempt to predict the end of the SP futures contract. The 2 part article is named: Is the SP doomed? - What is the future of the SP? and Predicted End Date for SP - When will the SP stop trading? I'm...

If you're new to Market Profile then you'd expect a Normal Day to be the most common day type that you get. In fact it's the rarest day type that you see. A normal day is when we spend the day inside the IB. Today was almost a normal day but the last 20 or so minutes we made a new high and...

Based upon the 30 January 2006 market close, the CBOT 30-Day Federal Funds futures contract for the February 2006 expiration is currently pricing in a 98 percent probability that the FOMC will increase the target rate by at least 25 basis points from 4-1/4 percent to 4-1/2 percent at...

the smallest increment a security can move by

So if you buy the bottom tick of a down move then you are actually trading with the trend? I like it!! :D

I have done extensive research into finding a bias during certain periods of the day in the ES (and other) symbols. I published the results of my segment bias study here. and I also did research on when the high and low of the day might happen and also published an easy to use reference...

I'm guessing that there will be continued interest in discussing this while there is a difference in tick size.

One of the problems that the CME faces with the E-mini contracts at the moment is the shere volume of information flowing through their servers. Reducing the value of a tick in the ER2 would probably increase that volume. Changing the tick size in the ES should theoretically not increase the...

I haven't done extensive simulations but I have done some and my results are the same. Smaller tick size equals larger profits for same strategy.

That's an excellent point. I'm sure that the CME is watching the growth in contracts in the YM vs ES very carefully and if they see a trend developing I'm sure they'll act to prevent loss of business. Incidentally does anybody know which contract is growing faster?

:D

If they did change it, how do you think they would do it? Do you think they would introduce a new symbol which is identical to the ES except for 0.1 point ticks and then phase out the ES? (i.e. run the two parallel for a while) Or switch the ES over a weekend?

There's another excellent book that I recommend to all traders whether or not you're a golfer. In fact I've bought the book 3 times and don't have a copy myself because I've given it away that many times. It's Bob Rotella's Golf is Not a Game of Perfect Bob Rotella is a great golf...

I'm bumping this poll because I've just received an email from someone at the CME which ended: ...and I wanted to see if there were any more votes out there...

Same collection of Market Profile charts but now 2 weeks later. Is Market Profile working in these markets? If so, how would you trade it? I'm interested to know if anybody took any of those MP trades in the last 2 weeks. I took the ES long (3rd chart) off the VAL on Wednesday (12/28) which...

using a continuous contract like Ebo suggested is what most people do if you want to chart the contract. If you're using eSignal then tag #F onto the symbol instead of the contract month so ES #F instead of ES H6. Also if you're trading longer term and want to look at several months of data...

What happened to the bestdaytrader domain name? I see that the site has moved from bestdaytrader.com to shoguntrading.com and now the bestdaytrader.com domain name is registered in Jamaica and just has a couple of ads on the front page. How did this happen? Did Shay not want the domain name...

Here are some charts showing how the market reacted to Market Profile levels over the last week and a half for 4 different symbols: ER2 (AB), YM, ES, and IBM. Each chart is a 30 minute bar chart with a time template of RTH on it. Days are alternately colored so that you can distinguish which...