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This thread hopes to discuss the participants of the Mini Nikkei futures contract, their intentions and the information value of volume for trades reported in their data feed. It could likely be generalized to any Futures market but my focus is currently on the Mini Nikkei, and by having a...

AMP Futures seem to be the first US retail broker to offer it as far as I know. Unfortunately this means you either needed to have an NT license before the AMP Ninja 'breakup' that you can switch to CQG (there is a webpage for doing this, if you need it ask), or use one of the other AMP CQG...

Yes I use it. I categorize it as one of the automated tape reading tools I use, since forum rules dont let me mention my tools. I can pay some $$ to plug my product... but just journaling a new market here. P$ is not necessary for tape reading in this way, but makes it easier for me. Mini...

Please private message me if questions about P$. In case you think I am hiding something, I have answered this in as many words as possible at the start of this journal. I traditionally traded US and Eurex markets, this is my journal / research into Asian markets.. mainly the Mini Nikkei -...

My understanding of foreign exchange is that it's all OTC. The forex market is created by brokers ... talk about decentralized. Not sure how one could trade order flow when for sure the real transactions occurring over the phone and unlimited exchanges (brokers)creating a cash market.

@MrMuppet - cheers. I spent a good deal of time talking microprices with someone and also with my mate spreading this with other Japan indices. Resding their website - Osaka somehow have a multiple asset order system where you can execute simultaneously across up to 6 asset classes, which sounds...

What are ATVs for Mini Nikkei volume? Obviously volume in the large Nikkei is important. Nikkei trades on cme and Singapore also with far less volume... where else do you think transactions are being made that aren't reflected in the prints of the Mini Nikkei?

I appreciate the input. As mentioned in first post - am aware that is is heavily algo'd. I know guys that have their orders automated + collocated for this reason. I am not trying to compete with the HFTs.. they can have the inside spread. All i am trying to read here is liquidity / flow /...

http://glover-graham.wistia.com/medias/o1ddqqxg22?embedType=async&seo=false&videoFoam=true&videoWidth=640 There is a video of it. Ignore the entries - thats just me trying to get a feel for this beast on cqg sim. For those who aren't laughing at sim (even prop desks use sim for their trainees)...

Yesterday was probably the third day I have brought up the DOM and Tape for the mini Nikkei. Some observations: Not as easy to lean on prices as the US markets ie a lot of flip flop. Will need to adjust to. Sweeps... sometimes four to five ticks which means could be a fairly manipulated...

Wtf just happened?! How did Gann work his way in here haha. P V here is an eye opener for you: Safety In The Market was Australia's biggest trading educator about ten years ago. They lured in thousands of people with this Gann stuff. I myself am guilty of going down that rabbit hole for a good...

A) Trading ideas, validation of order flow techniques. I cant claim I have experience on a trading desk at a bank, prop firm or hedge fund... but since 2009 have been immersed in trading and traded many different approaches. Buddies went into the prop industry while I battled it out at home with...

Final Thought I am basically going to repeat what I have gone through in the past, and as far as I know what prop traders go through for establishing their edge. I think the average prop trader progresses in a decent firm as following: 1. A month or so of learning basic trading, and performing...

Background Having enjoyed a year off from trading due to a new family (he's just turning 1) and then some more due to some travel and business startup... I am essentially going to start from scratch here with some new markets. Spent 2012-15 pretty much up all night in Australia trading the Bund...

I think we have different beliefs completely about what an edge is in trading. Maybe you think there is a secret sauce to it all ... I don't. Stocks have way more variables being non centralized but it's probably not impossible to watch transactions and get a feel for it. You can certainly...

Wow.. ok. I am trying to keep it relevant to the original poster. My argument is that it should be possible to just trade from the tape given I know that lots of prop futures traders are just watching the DOM. Time and Sales / tape be just a different way to show this info. Prop traders are...

Is all volume reported in real-time in stocks - i agree no. In Futures - yes. Is the volume that is eventually reported, the only force acting in a market.. No.. most volume is probably a leg of some trading strategy / hedge / spread etc. So why is it still worth reading the tape?? To time...

Not sure why the latter would be impossible.. if you can spot size trading in a time and sales window, and it's effect / if it's being absorbed, how much is being absorbed at prices (doing some quick arithmetic), how aggressive buyers and sellers are (speed of the tape / volume flow) then you...

Today's Tape (Time & Sales) tools incorporate some smarts to make it easier to read. XT for instance began conglomerating the volume of last transaction using a configurable time window. Jigsaw Tools attempt to reconstruct the market orders before the split at the exchange using different...

Its not unusual for last trade to print above the inside Offer or below the inside Bid...happens all the time on CME for futures during periods of volatility. I am not sure of the matching process but its worth knowing that the inside Bid and Offer are not the only possible fill prices. The Open...