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I don't know - do you?

None of the 5 minute bars on friday RTH have the same OHLC. Only about 2 or 3 of the pre-market bars have the same OHLC.

aha....bignatty gets right to the point of this carry strategy and the gambling question.... If is is NOT gambling, why isn't everyone doing it?

dgcfx?

Hmm. I missed the "remain in two.." part of your system. I'll have to reread your posts, that of course invalidates my comments above.

This sounds a lot like - well, exactly like - Mr. Market's approach. Count the "realized" profits for you, DON'T count the "unrealized" losses against you - even though your money (and possibly a substantially high pertentage of your bankroll) is tied up in this unrealized loss. Unless I'm...

When I say "the outcome is uncertain" - I mean that "making a profit is uncertain". How that applies to direction, I'm not sure. If you are referring to a system that has no chance of NOT making a profit, then I guess it wouldn't be gambling. But, IMO, if there is any chance of not making...

The outcome is uncertain, therefore it is gambling. No doubt about it.

Here is an example of the issue - this is an image of a chart I took when I reported the problem in June of 2003. Notice the time and sales - and notice what the chart says...

I have always had the same problem - but with an Esignal feed. You don't really notice it except during after hours. If you have a T&S window open, and a chart - you can sometime see .25 tick, chart updates to .25 - then a .50 tick - chart doesn't move. Then another .50 tick - chart moves...

Exactly, it is a business - and to dismiss a feed based on price is not a smart move, eh? He was dismissing Esignal because he thinks it is "pricey". Thus my comment, and thus my answer was proper and "my business" as it related to his question. However, my response to him was absolutely...

Esignal is "very pricey"? Well, if $99 per month is going to put a big dent in your trading budget, you should re-think trading anything at all - especially ES.

You should have read the thread(s) here about BestDayTrader before putting any money up... :D http://www.elitetrader.com/vb/showthread.php?s=&threadid=32726&perpage=5

Can you give me an example of how money is to be made by doing this?

If it is so easy to spot, and only suckers fall for it - how is it then manipulative?

How can orders be fake? If they are on the books, they are real.

So, using 1 contract as an exmaple - The first method gave a gross of +25 points or +$500. Using IB as an example $4.80 per R/T commish - $187.20 in commish - leaving a net of +312.80 for 2 months of trading. The second method - gross +17.5 points or +$350, $192 in commish and net of...

pierson - I assume your results do not include commish. Can you tell us how many trades it took to come up with those results so we can include commish? Thanks.

No, not too many people get it. Especially the part about adding/changing a system all the time. Everyone need something better - even if they don't know if what they have is any good.

Well, when the market is going up, so are the futures. So what's the difference?