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You can only answer this question yourself. By posing it you show that in all likelihood you have not spent the 100s/1000s of hours in front of a real-time trading screen to understand price movement. There is NO SUBSTITUTE for hours watching price action. The question is frankly silly (yes I...

the number of posts on elitetrader declines to a trickle... :D

on a larger scale this is why "commericials" end up getting longer and longer into market declines (see the COT reports) not because they are stupid or have inherently better information. during a cursory glance of short-interest stats for stocks i noticed that the short-interest % rose as...

if you are interested in this sports betting if a futures-style way you might be interested in www.intrade.com. Apparently you can bid and offer. Q1

I wish that was the problem but I don't trade options. I have asked to be shown the rule which states that 25,000 of your base currency is needed to daytrade but I am continually referred to the $25,000 rule which does not appear to be relevant. I can only assume there is some other reason...

According to IB customer support I've just had SPY orders rejected becuase because I do not have over 25,000 of base currency (GBP) in my account. I had day-traded for about 2 months with them and my account balance has not changed significantly either way from its current and initial 20,000GBP...

Don't go to Gas Panic unless you get kicks from watching teenage Japanese girls dance on the bar in mini-skirts... Cheap beer in Roppongi but not much else... :D

from my perspective any instrument that is traded and watched by a big enough population of traders can be "tape-read". thus raw indexes can't, futures can, ETFs can, stocks can.

metal1, you're right: no-one ever trades the SPY to express a belief about the future value of the S&P500. no-one trading the SPY ever makes trades from observing the futures, other stocks or anything but the value of the S&P500 index. silly me. :D

A rough rule of thumb might be: "a lot of buys then price sells off" = a lot of momentum money meets even more "value" money... (by that I mean the all-timeframe distinction between strategies which buy-low/sell-high and those that buy-high/sell-higher) Basically tape reading is...

Kymar, If you think P2 will blow up please describe how you think market-makers make money. Try www.traderscalm.com for a "pro" bottom-picker viewpoint... Rgds Q1

Kymar, OK I admit my description wasn't pinpoint accurate to describe what I meant. Of course we're not talking about limiting risk to 0.5% or 2.5% of the account - what I'm talking about is trade sizes. For example if I make a market in the QQQs (only buy the bid sell the offer say in 10...

irrespective of whether p2 is a talented trader the fact is that ANYONE can be very profitable for a long time without being "taken out" by this method of trading. It's because of the "unforeseen" events that give the trader a huge one-time loss that the opportunity is there in the first place...

www.sta-uk.org "official" technical analysis organisation in uk (ie affiliated to IFTA etc) holds meetings once a month on Wednesday nights near Moorgate. Often really quite interesting speakers. Sometimes just famous ones though...:D

www.trade2win.co.uk

Just for interest: LIFFE has a rule that when trading short-term interest rate futures precedence is given to the first 50 lots on the bid/offer. Above that some kind pro-rata basis works (I believe). The result was (not sure now) that lots of traders programmed their software to enter...

i am very surprised by this if true. i don't use cqg anymore so i can't verify but there are several reasons why its unlikely: 1) cqg could get a "cut" of the trades just as easily without routing your order via their servers (the software could independently send order details to cqg...

In reality the speed thing wouldn't be an issue with an integrated platofrm. CQG already allow you to connect directly from their software to your PATS broker (Otto I think they call it). Your order is created in the CQG software but transmitted directly to your PATS broker's host system as...

Is it just me or does their seem to be a rather aggresive gesture on the IB logoman's hand? Any witty tag lines much appreciated... :D

I have tried Ensign. I found it less than robust. But the main gripe I had was that it only allows something like 2000 bars in a chart. This could be a problem in backtesting. I am currently trying out Neoticker. I like it better than Ensign so far and the complete openness of the platform is...