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Cutten, You're a really bright, knowledgable guy. But to take a 3 or 4 tick risk for a 4 or 5 tick profit seems questionable at any size. I would just make up your mind what percentage of your capital you want to put up on any given trade, and stick to that (taking into account: price...

Minutes of the 1st meeting of the Chicago ET Club: All stinking drunk, much (too) much talk about trading, cool new friends, much to learn, well worth doing, all come next time. The 28TH !! saxon

Refco had quotes, and eSignal had quotes, so not an ECBOT issue.

With the disclaimer that I really don't know what I'm talking about...I once had a friend who was a neuroscience researcher. He described the phenomenon of deja vu as something that happens when the brain confuses a long-term memory "address" (let's say 450927) with a short-term memory address...

IB mostly, with Refco as a backup.

TexTrader, I have been trading full time for about 15 years total, both on and off the floor. It is the most interesting job I have ever had, and I would not wish to do anything else for a career. But of course, the markets can have periods of both volatility and quiet. I remember that...

Now why would you mention the issue of boredom on a day like today?? :)

I trade the DAX (settles in EUROs) and the Hang Seng (settles in HKD). As time goes on, you will of course accumulate debit and credit balances in those currencies, which will be listed on your account page. If your base currency is USD, simple pick a balance level at which you would want to...

How? Produce a better product than Tradelog, for trade accounting. That shouldn't be too hard to do. Tradelog has had a virtual monopoly in this area for TOO long...and boy can you tell it. Ungainly software, after YEARS on the market. Replete with errors that will leave you wondering...

Glad to hear it, Joe. THIS Wednesday (2/11): Looks like the jt/cwj/demonet/saxon/et al gathering at Cactus 4:00pm is on!! Anyone else who wants to join us is welcome. THE 28th: Whatever demonet & the rest of you guys want to do is cool with me. As long as it's not 6am on a Sunday in...

If you see this, please check you ET mailbox (ET homepage, upper left). ...over and out. saxon

No doubt the lower rates are a direct response to EUREX US. It will be interesting to see how much volume these "new" products do. I'm just sceptical that either one (CBOT EuroBund, or EUREX Trsys) will last. Seems like more of a pissing contest than anything else. Time will tell. saxon

I haven't followed the development of this story too closely, but it seems kind of comical. The EUREX is going to open in Chicago and offer trading in US TRSYs, and the CBOT is going to offer trading in the EURO Bund. Maybe McDonalds will start offering sushi, and Hatsuhana will start...

Case1: Significant terrorist act ES-down bond-UP (Negative impact on the economy. Bad for equities, good for bonds.) $-down (if event in the US) (Obvious concern about the stability of US economy.) gold-UP (Tangible asset in times of socio-economic turmoil.)...

Case1: Significant terrorist act ES-down bond-UP $-down (if event in the US) gold-UP Case2: Sudden selloff in equities ("bad news from Asia" or "1987") ES-down bond-UP $-UP gold-DOWN

Hey def, I thought I would ask you this question because I think you are based in Asia. I've recently started trading the HSI (Hang Seng) futures, and I live in Chicago. Now, I'm not a scalper so this is more of a curiosity question. I was wondering what you might guess the latency time...

Not at all. See you there. saxon

cj/JT, Cactus on Weds (2/11) at 4:00pm sounds cool. The last time I was there (about 8 yrs ago) I was with a bunch of stockbrokers...(and I was one of them...yikes!) But I thought Cactus was an ok joint. Hope to see you there. saxon

Kent, Perhaps your question is related to the issue in this thread concerning the tick servers. http://www.elitetrader.com/vb/showthread.php?s=&threadid=27814 If it is, Jay gives a mid-February estimate for a fix. Lord knows, that won't come a day too soon for me. We'll see...

Wags, You're too modest! 5 of the FULL S&Ps = 25 ES. That's pretty substantial for a position trade, by my standards. (Now you scalpers, don't jump all over me; I'm not talking about a 1 or 2 tick play. Hold 25 ES for a few DAYS or a week, and it'll put hair on your chest.) :)...