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Speaking of lines crossed........... Perhaps a study of history would be in order. OldTrader

A whopping $2.50 extra when you change an order??? An extra charge I might add which could have been avoided either with a market order, or a limit order with the limit set somewhat higher above the existing offer. Ever had this one happen? Put your trade in at the offer....get filled on a...

Frankly, it would shock me if a margin expert employed by IB happened to be reading this board, so they could answer your question. But it never ceases to amaze me what expectation people have out of IB. OldTrader

Alright, I admit it mate...I'm Scientist . OldTrader

It may well be that you can anticipate an ultra short term movement just from the T&S and/or market depth alone. 1-3 ticks as you say. Not a game I'm playing obviously. Let's put it this way, I don't think 'I' can consistently anticipate 1-3 ticks just from market depth or T&S throughout the...

This is really quite irrelevant. There may be a size seller. There may be a size buyer. There may be thousands of traders capable of making a trade watching and getting ready at any particular instant, traders who can trade more than 1000 contracts. Frankly, the idea of using the quote and...

No, you misunderstood. Near the beginning of this thread you indicated a belief that a beginner could make $600 per hour trading one contract with your method. That's what I'm questioning. That would be something on the order of $20K for the week trading a one lot....which I do not see...

Here's what Jack/grob said: "The minority size on the bbid and bask rules. I use the smaller number of contracts showing to determine what side I am on. If the bbid is smallest then the seller controls and I am in short. I stay there and the market falls. After a while and through several...

Just short the bonds. OldTrader

Just for the record, I would point out that this method of entry will only have you on the right side of the market for an instant, until it changes. There are so many changes within a minute that if this method does not confirm your "normal approach", then all you have to do is wait an...

You have not missed anything....you hit the nail on the head. The "small size" of the quote on the ES constantly shifts during the course of EACH minute of trading. So the point here is that to implement this type of strategy is impractical in the manner presented by grob. Now, maybe he has...

Let me just say first that I wouldn't call the tick index an "exotic little index". This index has been around for over 30 years on nearly every quote system I have seen. So if your data feeds don't have it...I would consider replacing them. That said, the tick index is a standard feature...

I don't trade the NQ/ES spread. But on the numbers it would seem that it would be 2.5NQ-1ES. The problem with this however is that the NQ is more volatile, and therefore the $ values are not going to work right for you. If I were you I'd look at trading closer to 1:1. I think it would track...

I heard there was a rumor on the floor that there was some "central bank selling". That got it into the stops. OldTrader

I think he means "immolation". OldTrader

So when I respond to a hostile post I'm "pissing" on a good thread? Interesting viewpoint. OldTrader

Whoa...not sure where this post came from! I only made one post to you, the one you quoted just before this particular post where I explained how I had used AMT's numbers. I made no other post to you, and certainly no post "telling you off". You must have read some of the other posts to other...

I was aware of AMT's tactics in terms of scaling. I had not worked through the numbers though...I just took his quote and multiplied the two numbers. Evidently to get the accurate per contract picture you would have to go through each trade as Acrary did. My apology as well....I guess I was...

Thanks Acrary. Do you find this method of tracking premium less reliable than your more systematized strategies? Not something I typically watch, but it would seem that on trend days it would have you fading the trend. OldTrader

Thanks for taking the time to give me that explanation. Evidently working with the 48 points total number there was no way I was going to come up with a per contract number. OldTrader