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Wonderful! Thanks!

Thanks piezoe (and Bolimono, and The_Big_D) ...

Where I am heading is I've read that clues regarding potential future "choppy-or-trending" action can be identified from ... ... how the market is reacting around pivot levels, or ... E-mini volume at 10:00 am EST, or ... etc. Has anyone looked at any of these, or anything else...

Isn't that always going to be a bit too "after-the-fact" to be useful; i.e. it tells you that the market WAS trending, or WAS choppy, but doesn't give you any hints about what it might be about to do now (when you are trying to decide whether to go forward with a trending, versus a choppy, set...

i]Quote from Index piker:[/i] Volatility of this magnitude does not lend itself to buying on margin. I agree with this. What does seem odd though is that even using margin with leveraged EFTs is probably less "leveraged" than trading futures on margin ... so why pick on ETFs? I...

What's your "favorite" way to determine quickly whether the market is choppy or trending?

They were the drug addicts of securitization and other financial engineering... Probably true, but perhaps this can be dealt with by regulation; to better define what pension funds should be able to invest in, and what not. On the other hand, pension funds, investors and other...

Gosh, that's a very good point, peilthetraveler ... christianhgross, would you mind finding out the name of the "program" please, so that we can all get ourselves a copy, just in case ...

I don't know enough detail about the differences between the political/central banking/cultural and other relevant characteristics between the United States and the 16 states "united" in the Eurozone, but this feels like an oversimplificattion to me ... but, indeed an interesting one! 16...

Agreed on both counts. And furthermore, I think a real "second order" worry for the Eurozone (in addition to the "first order" worries you highlight like unemployment and inflation) is the strain on Eurozone structures created by the diverging recoveries (and lack thereof) of countries like...

If you're working with "linear correlation" (as opposed to say co-integration), and if you want to be able to compare your calculated correlation coefficients with anybody else's, just make sure that whichever of price or points you choose to work with, you do the same for both futures contracts...

For the "5%" of traders who trade profitably on an ongoing basis, this should be good news; more "futile" traders to trade against ...

Perhaps the downside tendency suggested by the double top has already been dissipated? Long side traders who had their stops below the lows near 1084 and 1087 have already had these taken out by the recent abrupt retracement to 1067. I’m not saying the market won’t go down; rather I...

Rabbitone Thanks for this. Lot's of good stuff in here. Quote from Rabbitone: ... have been writing my own trading strategy systems for about 12 years (retired to trade full time for the last 4 years)... I bow to your experience (you could probably write "the textbook", if you...

To quote Victor Niederhoffer (some might say it foolish to quote him given how many fortunes he's lost but anyway ...) in ‘The Education of a Speculator’ “The cycles change ... results that appeared significant in one period had a tendency to evaporate in subsequent periods. The reasons...

My view? A history of at least 60 trades starts to give some "statistical comfort" that the behaviour you are seeing is a measure of the system's performance, rather than just a statistically insignificant sequence of random outcomes. I am sure that many traders will say 60 trades is not...

Hi, privador81 Assume that these three orders are the only three in the market at the open. Assume also that the market arranges orders by the pure price-time hierarchy. An order book (with prices increasing down the page) with these orders would have those with the highest precedence...

Hi, el pollo Different names are used in different markets... see "Opening Auction Price" in http://www.nyse.com/pdfs/5653_NYSEArca_Auctions.pdf see "GLOBEX OPENING" (#573) in http://www.cmegroup.com/rulebook/CBOT/I/5/5.pdf

Day's OHLC you can get from Yahoo For range of first 30 mins, you'll need a provider of 1-minute historical data for Equities or Indices. Examples are: - BarChart - eSignal - Interactive Brokers - IQFeed - TD AMERITRADE - TrackData - TradeStation

... Because you tend to short at a price that ends up being below the "clearing price". ... Because you tend to go long at a price that ends up being the "clearing price".