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It looks to me like a big firm has implemented market making software on the ES. It looks like they're using limit orders at the bid on a rising tick with a backup buy stop on the next tick and reverse on a down tick. When I see a thin queue on the ask I send in a market order and I'm getting...

Finally...I'm gonna check with the pit to see if fills are better there. I don't want any more .5 slippage in this market. Queues look very unbalanced...

Geesh, trying a limit exit at 1031 and 1700 contracts in the sell queue with like 200 in the buy queue. This sucks.....

First day trading since July. I've done 3 market order entries so far and all the fills have splits (fills at more than 1 price). Is the liquidity gone? I'm not trading 5 or 10 contracts but this is ridiculous. Did the liquidity die in August????????

Forget prop, you're in the Gold Coast. Drive up or down the Merritt to the route 7 exit. Take it northbound and goto the Merritt Corp. Park. Manchester Trading LLC 101 Merritt 7 Corp Park 6th Floor Ask for Susan. Bring your resume and offer to work for free until either they or you...

Solace, you've probably already tried enough different methods. Try changing your approach to the markets. Find a predominant trait in the market you trade e.g. tends to trend, tends to breakout from low volatility, tends to be range bound, etc. Then look at the best method you have for the...

The second strategy has almost twice the expectancy of the first. Try that one first. 1. e = (.95*.5) - (.05*1) e = .425 2. e = (.7*1.5) -(.3*1) e = .75

European traders are probably not entering new positions to get ready for August vacation.

Here's the TS code if anyone wants to try it for themselves.

I'm assuming you're talking about a price based breakout. Those are usually done with a confirmation of the direction of the break. For example, a widely known price-based breakout method is to wait for a day where the market gaps above the previous days high. Then wait 1 hour for the range to...

No doubt about it. Summertime trading breakouts have lower than normal profits. Last year was an exception. This year seems to be below average for price based breakout methods. Voltility breakouts have done well all year (profitable every month including this one), breakouts for signals and...

Sorry electron, I'm purposely being vague because volatility breakouts is my most profitable method. I'll just say that indecision is not a black or white issue. It's more of a qualitative issue. For instance, if today's range is less than yesterday's, then it would indicate some indecision. If...

Thank you Natalie. Yes, that's very important. I just did a correllation test between the closing prices for the year and the ave. daily range (95 - present) and it came out to .83. So it seems to account for about 70% of the volatilty changes that we've seen. Hopefully the SP will stay above...

Here's the perfect trader report for the 30 year Bond. As you can see from this, the volatility is at its highs. The bond is quoted in 32'nds and this is in decimal. The daytrading range for this year has been 1.1. This translates into 32/32nd + 3/32 or about 35/32nd's range per day. The...

I wouldn't hold my breath. I started trading as a pro in 1987. Program trading had just started at our firm. Remember the 87 crash? Program trading and portfolio insurance got alot of attention then. Most firms stopped doing program trading with clients money after that. I don't know for...

Yes, going to a longer holding period is how you normally deal with a lack of volatility. If the market reverts to volatiltity levels pre-1996 then basically daytrading is dead and so is short-term swing trading. If you needed to make a certain amount of money, you'd have to increase size to...

That's the total number of points that could have been had for the holding period in that year. ex. 2486 is the total points so far this year that could have been made buying the low and selling the high each day. 1686 would be buy at low today and sell at high tomorrow or vice versa. I use it...

You're welcome. Here's something else you might like to see. It's the opportunity report for ES at different holding periods. It's disturbing to see the volatility continue to shrink. If it keeps shrinking at this pace then daytrading will be very limited in 2 or 3 years.

I have it as tied for the second smallest ES range of the year. If you go by the SP then it was the smallest range of the year. Here's the ranking from smallest to largest in the ES this year:

I don't have you on a ignore list. I just don't followup in a thread when someone posts a opinion. I can comment on facts behind opinions, but not on opinions since we may use different facts. My research shows NR tends to beget NR and WR tends to beget WR. Since there has to be a transition...