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If price is random, do you expect to overcome your transaction costs? Do you pay or earn the spread? If pay, and price is random, how can you profit? If earn, how do you deal with adverse selection? Surely the adverse selection component of your spread will necessarily have to be wider than...

Yep, that was the one. Thanks for digging it up. I'll add something else here, in the hope it helps communicate the nature of your position. For me, it is almost instant to analyse a chart now. I can tell, typically within a minute, the condition in force and whether it presents an...

TA leader? That's a new one! Much maligned? Perhaps there was a reason. Unfortunately most do not have the savvy to tell the difference between somebody who knows but will not share in public (RM and others) and an empty vessel making the most noise (Nodoji). To be honest, its more than a...

My trading is taking me international soon, and I'll be working out of hotels for a 6-9 month period. I'm looking for a laptop which can drive a 2560x1600 external display for my charts, and with at least a 1920x1080 display built in for my order entry. The external monitor can be driven...

If it floats, flies, or fornicates...probably better to lease.

CQG Trader Lite is $10 / month and $0.10 / side (capped at ~$400 month). Several well known FCMs support this. Exchange data for most popular exchanges (CME CBOT NYMEX COMEX ICE) is included, exchange fees for some foreign exchanges (eg EUREX, LIFFE) is extra. Much like a Bloomberg terminal...

I agree that I have let it become too personal. Two reasons: firstly I don't appreciate being retorted to with abuse when I offer polite and helpful suggestions. This irritates me to the extent I'm willing to be quite blunt in pointing out the obvious shortcomings of my critics. Second, I...

Would you like to give some feedback on this trade? It did go against you almost immediately and has been offside for two days. I notice the market traded within a half cent of your stated stop price today. Unless your stop is behind a huge C@rgill bid and you have special information about...

Two today in CL redux, with entry blotters. Both were sells within 1 minute and 15 ticks of a multi week new high print. Both sold off for more than 60 cents. One yesterday, also a multi week high called within 1 minute and 15 ticks of the high print. I posted in advance the price level I...

Isn't it fun to chop quotes? :) My experience at ET is filled with irony. I leave myself completely out of my posts and just give suggestions based on sound reasoning and testable arguments with no mention of how I trade and my results. Outcome - people give me ad hominem arguments. I am...

In the morning today on ES, there was a move down from 1243 to 1224.50 (18.5 points), a move up to 1239.25 (14.75 points). If you want to include the whole day there were four swings with a H-L difference of > 10 points. If I interpret your summary correctly you have placed 13 loss trades...

1240 traded out before the close but didn't hold. I took profits at 39 even. 6 points with 0.5 point heat. What loss? I have posted 7 live calls on Elite this week. Two on ES, three on CL, one on ZC and one on HO. All were correct. No trades moved against me for any significant depth of...

Are there really shakeouts or just inept trading? Are proficient traders "shaken out" of moves? If not why not? If we finish above 1240 is that a "just a congestion stop run" or something else? What is congestion? Is anyone still selling, and if not where is the market going to go?

Obligatory "what news made the market go up at the end of the day on high volume" post in 3...2...1....

Plenty of buyers above the market then. I wonder which way it will now go? If I were a betting man I'd put money on a close above 1240. (last 1233 - nice price for a long? at time 15.22 EST)

Thank you for your interest. I exited at the start of the upswing and got back in short at the start of the next downswing. As I mentioned some time ago on this thread I believe in timing highs and lows to within 1 minute of the high/low print and entering within 15 cents of the high/low...

Short 98.23.

Thank you for your reply. Does that mean a trend follower stays long or keeps taking every long setup until 97.20 trades? What about for intra day trading - do trend traders not take any day trade shorts? Also, do trend followers consider this bounce up to 97.82 (at 13.52 EST) a signal to...

Do "trend following" traders consider a long here on this pullback to "support"? (time 13.32 EST price 97.92 - the ET clock is off by 2 mins) Is the trend still up? Is there a way to recognise when it has ended? Anyone long from prices above 97.80 with a stop below the last "significant...

Target entry prices are nice but I pay down when necessary. Market went 17 bid before going offered. Filled $98.09. My target is $96.20.