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Usual slow upmove without a catalyst....it will continue slow upmove unless we get bad employment reports later this week/random EU comment spooks us on Greece.

If aiming for 2-3 ticks, 'scalping', your stop can't be 2-3 ticks. You need to watch ES on a 1-min or tick/volume chart to understand it's price action....aiming for 2-3 ticks should only be done in trying to find the short term inefficiencies that occur between price/volume levels (relevant to...

Don't usually look for this but as the ES DOM dried up, I did see some size hitting the bid (1100x1100.25) couple seconds before the 10:00 am move to 1097. Guess they knew something.

Do not rely solely on a MACD crossover to make your trading decisions. At the least, understand the context of price in terms of Higher Highs, Higher Lows / Lower Highs, Lower Lows. Understand the time of day (morning volatility vs. midday grind), influence of economic releases (this mornings...

No. Always assume buying the ask and selling the bid for scalping. Sim trading that let you buy on the bid and sell on the ask instantaneously are not 'simulating' the order book queue. If it's 1097.00 bid x 1097.25 ask, and you see a short opportunity forming in the next couple seconds...

It's kinda like one-sided gamma scalping? Long premium and running a pseudo mean reversion system?

I have an IB account, I think fills are pretty realistic on the simulator....of course, the lower you go on the volume/liquidity totem pole, the more discrepancy there is. If you have to trade those lighter volume names, make a thread about execution through different ECN's and stuff. In...

It's probably due to the equities you are trying to trade. AMMD is a relatively light volume stock (it only trades 2 milli + on earnings, otherwise sub 1 mil), how much weight were you trying to move? In sim tomorrow compare the time it takes to push limit and/or market orders in stocks with...

iirc there is a Greek debt auction next week, that might be an event that causes a vola spike...if it has bad results. Then again, with EU backstop maybe its a nonevent.

Assuming that the Investopedia fills you instantaneously at bid/ask. In live trading, you have to wait in queue.

At the least, understand Higher High - Higher Low / Lower High - Lower Low (HH HL / LH LL), and trading with the trend.

If there is no more rhetoric out of Washington (bank tax) or sovereign debt headlines (PIGS) do we drift back up to 1148? Opinions?

Jack Hershey, appreciate the charts but, where exactly are the entries and exits? I look at the Price/Volume Relationship thread at TradersLab and no one ever posts an entry/exit??

Don't want to mislead you, but I thought it was VWAP pricing. VWAP is calculated throughout the day and then the counterparties execute at EOD, reflecting the volume? It's like a manager wants to move 100,000 shares without giving away their 'hand' to the market, other party says "okay, I'll...

Check out this thread from a couple months ago for an earnings idea, bebpasco did a double reverse calendar for RIMM, worked very well :) http://www.elitetrader.com/vb/showthread.php?s=&threadid=167252

Nice work rj, how long have you been trading? Also, do you watch DOM/Time&Sales or do you watch the orderflow filtered into charts?

Good link (thanks to someone else on ET, forgot who): http://mam.econoday.com/byweek.asp Important ones are Retail Sales, Jobless Claims (8:30 releases and before RTH, thank God); in RTH, Consumer Senti at 9:55, most anything that comes at 10am (home sales, ISM manufacturing, etc.), EIA...

Down week, last hour on Friday rally hard....brings back memories :)

Hi Robert, great journal, I read it frequently. Just my observation, it seems your gap up strategy is very consistent (maybe you could share a win % if you keep it in Excel or something?). Could you go larger share size on these trades? I am no expert strategist but if you have a...

why did you stop trading the 95% strategy?