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  1. FuturesTrader71

    Pictures of your trading stations

    Sorry, I don't recruit. Thank you for commenting.
  2. FuturesTrader71

    Pictures of your trading stations

    Beautiful setup. It is evident from the picture that your monitors are precious. They are the only thing that gets flexible hose to contain the cables. Send me your address, I will drop off some tie-wire and hanging cable racks for you to use. I have a bunch lying around. You have a beautiful...
  3. FuturesTrader71

    EurexUS, will it work?

    I know that the NYBOT is not a contender. That is why I started the message with that line; as if everyone should know that it is traded on the NYBOT. :)
  4. FuturesTrader71

    EurexUS, will it work?

    You didn't know? http://www.nybot.com/russell2003/ CBOT is pushing to offer a similar or same product as well. This is not final yet.
  5. FuturesTrader71

    EurexUS, will it work?

    They will have to do something. It doesn't bother me either way. The Russell will ultimately be listed on 4 exchanges. They don't have an exclusivity agreement with anyone.
  6. FuturesTrader71

    EurexUS, will it work?

    Well... I'm a member of CME and I haven't gotten any bulletins. They will have to target the retail crowd with a better commission. Even as a member, I don't come close to 5cents per side. I think that if there is enough liquidity on EurexUS, I would rather give them the business. EurexUS can be...
  7. FuturesTrader71

    EurexUS, will it work?

    A couple of hours ago, I walked out of a meeting with EurexUS management and learned that the Russell 2000 and Russell 1000 will be launched on February 4. They have signed up various market makers already. It will be traded at an exchange fee of 5 cents per side per contract for everyone. So...
  8. FuturesTrader71

    My thoughts and journal

    Welcome back and happy new year. I will continue to follow your journal and be a student whenever you feel like throwing a nugget out about your process. Wishing you prosperity, health and happiness this year and every year.
  9. FuturesTrader71

    Market Depth patterns

    It is too bad that these ideas could not be backtested. :D Actually, that was sarcastic. Some things should just not be "backtestable". Good observations and comments. In order to come to the same conclusions as you have, one has to know that product well enough to know if 100-lots are common...
  10. FuturesTrader71

    Market Depth patterns

    You need to learn to calculate fair value for yourself because there isn't really a website that does it frequently enough to be useful. Please bookmark this link to the Deutsche Boerse which shows the underlying and their weightings on the index...
  11. FuturesTrader71

    Market Depth patterns

    You are absolutely right. You are hitting on the basics of futures trading. I am making the assumption that those who trade futures understand how to make up the index using its underlying stocks, apply cost of carry and dividend effects and understand the major components of it. I also expect...
  12. FuturesTrader71

    Market Depth patterns

    Well said.
  13. FuturesTrader71

    Market Depth patterns

    I'm glad you are finding some ideas in this thread. I would say that those "adverse" conditions would be detrimental in my case. Part of my edge is my ability to demand the lowest possible commission in order to minimize cost for volume. While others might trade less, use stops and have a...
  14. FuturesTrader71

    Market Depth patterns

    Yes, it is about market momentum more than what is bid/offered. Again, that is why I said I had no interest in bid/ask analysis at first. Also, this is why I emphasize the prints versus the pattern of the DOM. Thanks for chiming in. I agree with your comment as well.
  15. FuturesTrader71

    Market Depth patterns

    This is what I suspected all along. It is interesting to verify it in the market though (like I don't have enough going on already). I believe that I'm performing this kind of analysis in the back of my mind while trading and it is based on factors other than just the bid/ask (I can't put my...
  16. FuturesTrader71

    Market Depth patterns

    This is a similar interview that was done a while back where Paul Rotter shared some of his methods by claiming that CCI was a key indicator for him. I believe he is just throwing his audience a small plastic bone. His results have been remarkable. I am sure that he will be seen as a Market...
  17. FuturesTrader71

    Zen and The Art of Trading

    Hey... that mozart stuff is supposed to give those benefits to unborn babies.... I hope you are not a baby when you trade. :p
  18. FuturesTrader71

    Market Depth patterns

    This thread has really provided some interesting ideas as far as Bid/Ask Analysis. For example, this afternoon, I created a condition in CQG that would look at the bid/ask ratio of size (best bid/best ask) and would go green/red depending on whether that ratio is above 1.0 or below. If it is...
  19. FuturesTrader71

    Market Depth patterns

    Interesting concept. I use OBV (fancy OBV) on the chart of the product I trade to see what the balance is between sellers and buyers. That's as far as I have taken it though.
  20. FuturesTrader71

    Best News Service for Equities

    I strongly support www.needtoknownews.com over any other streaming voice service. There is also www.tradethenews.com. Do a search on the words NTKN and TTN and you will find plenty of feedback. Good luck.
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