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I just replied to an earlier post of yours in this thread, and said basically the same thing you stated above. I trade ER2. I primarily scalp. One thing I am adding to my arsenal is spreading. I am noticing that the spread between ER2 and ES is more volatile than the outright moves this...

Remember the summer months are always a difficult trade. Charts make the summer months look active, but in reality the summer has thin volume. This is when the big boys will take a vacation and thus the market personality will change a bit. I trade the index futures. The summer is a good...

That might be the day his 100% winning batting average comes down a bit.

I scalp the ER2 contract. I am looking to spread ER2 against ES. I am curious if anyone has any ideas on the correct spread ratio. ER2 tick=$10 point=$100 Average True Range(30 days)=13.5 ES tick=$12.50 point=$50 Average True Range(30 days)=13.6 Am I correct in thinking...

They pay different rates. http://www.cme.com/clearing/clr/fees/rule106r7031.html http://www.cme.com/clearing/clr/fees/equtyclrng1867.html http://www.cme.com/clearing/clr/fees/lessememp1870.html

At around 8:05am CST someone march ER2 down about 3 points with 200 lots. Did anyone see this? For about one or two minutes someone took ER2 down from 685 to 682.5 by showing 200 lots five deep on the offer side and marching it down one tick at a time. Then they pulled their offers and...

Anonimity what freedom. :mad:

The reason I bring this topic up is I am a discretionary trader. I have not automated any of my trading. In your opinion can I describe my trading rules as a "system"? Or should the word system only be used in regards to trading that is automated?

In your opinion a discretionary traders "trading rules" cannot/should not be considered a system? Basically if the decision is derived from the brain it cannot be called a system? A system in your opinion is coded. It is 100% automated. The only discretion involved is in its design?

The reason I wanted to start this thread is the word SYSTEM is used often on this board. It is a term that is assumed to be understood and easily defined. I think it is overused and vague. I could be wrong. Maybe everyone does have the same definition for the word system and I am the...

http://www.russell.com/US/Indexes/US/reconstitution/default.asp

No. I just look at the order books. I think it would very useful to have volume #'s, but I have been successful with the setup I have and I guess I am AFRAID of changing it.

Your best bet is to do a search on this website. Search under the word "scalping" and also search User Id "futurestrader71". He is a successful scalper who shared some of his strategies.

Before anyone gets the notion that automated trading is easy or cheap read the following article. http://elitetrader.com/vb/showthread.php?s=&threadid=72250 http://www.newsday.com/business/ny-bzsimons0705,0,3996439.story?page=1&coll=ny-homepage-mezz

I just spoke to a trader who is trading thru IB. This trader is trading +2000 sides a month. He is trading thru IB. So he is paying $4800 a month in trading fees. At a good clearing firm he could be paying .25 a side commissions(payed to clearing firm). So .25 plus 1.14 clearing fees for...

I assume you are joking. However, your point is a good one. I trade ER2 and it is very useful to know who is running the market. In my opinion, not having the counterparty information will be a disadvantage.

http://www.cme.com/clearing/clr/clradv/19091.html I called clearing again to verify that my information was correct. They provided me with the following document which can be viewed on their website. CME is not providing counterparty information via execution or clearing.

I called CME clearing. Counterparty information is not provided by clearing either. CME does not provide ccounterparty information on the execution or the clearing drops

Remember counterparty information is not provided anymore. This will change the way the indexes trade. The big boys who used it will have to change their trading models. Do you agree it will change the trade?????

http://kramerica.tv/