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Basically, someone is going to have to raise taxes. No ifs, ands, or buts. The US will NOT be able to earn or stimulate its way out of this mess. If there wasn't a massive deficit or massive debtload, it might be possible to borrow our way to prosperity, but it looks like we've hit the...

I know from reading that in the Commitment of Traders report that Non-commercial traders are the hedge funds and speculators, and the commercial traders are the ones who actually produce and consume the underlying commodity, so these are the hedgers. But what about for the SP and the ES...

Thanks for everyone's answers! @intradaybill and wrttrader: I think you guys are right. Now that I step back a bit, ~1 year's worth of backtest isn't enough, because it doesn't give me enough confidence to see if the system can bounce back after a significant loss. I will take your advice...

These are the theoretical results from a system I've developed based on the DAX: from to profit/loss win full loss small loss 2009-01-01 2009-01-31 -42.400000 6 5 8 2009-02-01 2009-02-28 -7.800000 9...

Peter Schiff was right about the housing crisis back in 2006/2007, but the conversation was about Jim Rogers. Peter Schiff's timing was impeccable, and everyone laughed at him and he got the last laugh. The only problem is that his trading picks weren't good. I believe he lost money in 2008...

He most absolutely, positively has been WRONG for the past 20 years. He's been saying the same thing over and over again, and it never happened. If you followed Jim Rogers' advice back in the 80s, you would have missed out on the strongest bull market in history. Congratulations. Even now...

I agree that the US is painted into a corner, but my point is that the world doesn't want to see them in that corner. All those things that you mention will occur if there's a loss in confidence in the US. Although there is a bunch of real reasons why we should not have confidence in the...

I agree wholeheartedly with everything you say. Do I think that it is fair that the US market collapses because of it's debt load? Yes. And I'm American. We have irresponsibly indebted ourselves beyond the point of no return. However, do I think the world wants that? No. It's very...

Can someone explain why talk of a Greek bailout by the EU is the reason for a bailout today? I would have expected the opposite, ie. a lower Euro, stronger dollar, possibly slightly stronger gold, and the stock market to go down a bit. If Germany and France have to bail out Greece, thus...

Jim Rogers has been saying the same thing about US debt since the 1980s. He even refers to it in Market Wizards. So I wouldn't say he was some genius, he's been wrong for 2 decades. Although I agree that the debt loads, etc, are excessive and theoretically everything Schiff and Rogers has...

I turns out I did basically blow out my account. Here is my performance for January from one of my accounts: 1/3/2010 233.03 1/4/2010 -321.66 1/5/2010 -286.16 1/6/2010 -858.06 1/7/2010 1093.80 1/8/2010 -682.5 1/11/2010 1272.19 1/12/2010 -490 1/13/2010 -1519.76 1/14/2010...

I am in the process of blowing up my account. I've been working on a system that is profitable backtested for the entire 2009. I did very little "optimization", and it generated 350% returns over the course of the year. Yes, I know, famous last words and no one will likely believe me, but I...

I thought a lot of the business of HFT was collecting rebates from the exchanges for making liquidity. So even if they buy and sell at the same price, they can still make money from the rebates. They may increase liquidity, however unlike market makers or specialists they don't have the...

But it's weird that you could get so many orders and not move the markets. I don't know how you could get 2 competing algos that wouldn't move the markets by more than 1 tick. Very rarely can you get weird interaction between two sets of computer code and not see the results move...

oops, I misread the posts and thought it was a 2 huge block trades... guess not! if this really is an algo, it will just fuel the fire for more regulation of HFT.

Interesting trades. It's obvious they chose the time specifically so that people in all US markets would see and react to these trades, like a poker player loudly declaring their raise. If they wanted to hide it, they could have done it a lot better, but choosing the middle of the day where...

Thanks for the info! lol, thanks for the offer, but I found the first edition online for $18 used... :) It's next on my list to read, it sounds interesting especially given the fundamental nature that you mention.

Does anyone know why this book is going for about $700 on Amazon? I read a recommendation for this book somewhere so I got interested, but after seeing the price, it left me scratching my head. Is there a particular reason why this book is so expensive?

Sorry for the basic question, but I'm trying to model a particular trade and I'm wondering what the precise definition of a buy stop order is. I understand that what it means is that once the "stop" price has been reached, then a market order will be placed to buy the particular security...

Would anyone know where I could download tick data for the Kospi 200? I have NT and IB, but trying to "Reload Historical Data" doesn't give me access to second or tick data when I'm connected to IB.