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  1. J

    Any systems on how to trade the fed?

    One strategy is to use 2 accounts, long and short with 10-15pt stops on the YM, and wait to see which one gets stopped out and ride the other one for as long as possible. I haven't tried it myself, but it is a strategy used around big events obviously. I would use pit audio and program fair...
  2. J

    prop firms

    Great job J. :) Ever heard of http://www.simplexleveragedtrading.com/
  3. J

    Pictures of your trading stations

    Nice setup.
  4. J

    How good is IB's TRIN Index?

    What are KOSPI futures, and why would you want to trade them? It sounds like the TRIN is messed up.
  5. J

    What is the name of the following strategy...

    http://www.elitetrader.com/vb/printthread.php?threadid=56745 http://www.zoomingstocks.com/news_050426.htm http://www.sec.gov/news/press/2002-99.htm Here's more info. I'm curious to hear if there are any profitable rebate traders out there.
  6. J

    daytrading profits --- how many cents per trade is realistic

    Got it. I'll try keeping track of this value in the future, because I think it is a good gauge to how I'm trading and can help me decide to trade more or less size based on this number.
  7. J

    Cost Structure for CME Futures Traders

    I wonder if the price to lease a seat will go up because of the attention from this thread. IDEM is cheap to lease last I checked. Sometimes I wonder why guys trade high volume on SPY when they can trade the ES with less money and better taxation structure,(unless of course they are trading for...
  8. J

    daytrading profits --- how many cents per trade is realistic

    More than 5 cents. I feel pretty crappy when a stock moves 2-3% intraday and I can only grab 0.25%. Do any scalpers out there know what I'm talking about? You guys must be trading the Q's and MSFT to be looking for 1-2 cent gains, that wouldn't work for me considering sometimes the...
  9. J

    trading on AMEX

    I got stuck on XLE today when AMEX went down. That was real nice. What do you do when your orders don't go through? PRAY?
  10. J

    Short Inventory on IB

    I checked inventory the night before, and apparently they ran out of supply during the day on some stocks. I also never recieved a message, I found out stocks were unavailble by clicking the sell button and having it dissapear. I checked the rejected trades in the audit function, and I found...
  11. J

    Wow Vertical

    Today was crazy. I couldn't believe the reversals. The trend line has held so well up above, that once it breaks, things are going to get even crazier, to the upside. <a href='http://putfile.com/pic.php?pic=6/16316143440.gif&s=f5' target='_blank'><img...
  12. J

    When Bernanke speaks he reminds me

    LOL, Seriously, I'd be nervous if I had to give a speech to the nation on inflation when the market was already down over 1%. Now the media is going to blame the huge drop all on Bernanke, when in reality it was already down big for the day. The interest rate increase is going to happen, it...
  13. J

    Program Trading

    I've heard trades called in the headset before they were printed. The information you get from the pit and Ben is priceless. I have a link to a video which demonstrates buy/sell programs working very well, also included you might hear who is buying or selling, and the screams from the pit. If...
  14. J

    Program Trading

    ROR=In internet slang, ROR is a corruption of LOL. It stands for "raughing out roud", and is popular at Kuro5hin and Slashdot. Some refer to it as the "Japanese LOL", making fun of Japanese pronunciation of 'L' consonants, popularly known as Engrish. From Wikipedia(I love that site)
  15. J

    Program Trading

    raughing out roud,,, We could use htz/msec that could be divided by overall time of the initial event, and we could incorporate different levels of measured decibels for exits. Also we would have to use a time forecaster, I've noticed most initial high velocity breakouts on 1 hour time frames...
  16. J

    Program Trading

    you could also use: http://www.indexarb.com/ I know some guys use it as an alert, and that it does work sometimes, however, I think reading the tape and pit noise/broadcaster are superior. I'm wodering what the P/L and win/loss ratio is for the guys that automate trades using this strategy...
  17. J

    Bull Trapping

    I just wanted to post a chart and do some TA. GS was a good short on Wed for most of the day, until XLF reversed around the last hour, right when the MA's catched up and we hit previous days support (also reversal at time of dow hitting Prev day sup.) Also to note, XLF formed a bearish hammer...
  18. J

    People like that steve tvardek. Where did you learn DAYtrading??

    I stumbled upon this article a few days ago and I think it's great for this thread and is toately true. The 3 Phases of Trading Business Maturity By Jim Harrison of Emini-Master.com As new traders, or those who have gained a new vigor in the pursuit of success, we must understand that the...
  19. J

    EUR/USD Signals

    At least he's putting in stops and targets. If anything, you are putting in more time to learning the markets. Good luck
  20. J

    Fastest Market News Service?

    The best free source I've used is TTN. I found in the past when I traded news that tradethenews.com came out with some of the quickest press releases. Most of the critical PR's are after hours, and it was amazing to see stocks like INSM with a press release out on FDA approval first shown on...
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