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No reason to live a big player lifestyle if he's happy with what he has. I drive a shit car myself but could easily afford something flash. I don't because it's unnecessary. As far as this guy - I dislike his market attitude and behavior but I heavily dislike how some other big player is...

Aside from the overall "flash crash" issue - I do hope he gets raked over the coals in general for this attitude though. No respect for the market it seems. I'd love for futures markets to actually be emptied of all these types but that's a stretch. Most people have learned to spot it and...

Even though I think spoofing is total BS and a pain to deal with, I agree with this. You'll notice not one time has Goldman Sachs ever been *arrested* for criminal behavior related to market manipulation. Why? They're part of the club - heck they *are* the club. This is what bothers me most...

I don't think this is accurate at all. There's no way an independent was 60% of the market. I think what you or they meant is that they were 60% of the implied *book* at the time. I'm sure if some big fish came along and filled this guy he'd be puking the position immediately. The thing I like...

Just use spot forex to lock in the USD.CAD rate now. Any money you lose will be made up by money you make on conversion. Any money you make will be offset by the loss on conversion.

Don't get me wrong though - even though I think this is a typical media hype story with too much blame being put on one trader, I'm all for busting spoofers who actively manipulate the book.

You can also anticipate the stop run and either let it happen, or preferably, enter there with them.

This is horseshit. There's no way some random spoofer is responsible for a flash crash. We'd be having them every 5 minutes if that were the case. Fall guy for the corrupt class.

Everyone trades the front month contract when it comes to outright index trading. Start at YM or NQ. If you get good, play with TF. I'm not a fan of ES, just don't like that style. TF moves but requires 95$/month ICE data. There's plenty of interesting stuff out there. I do most of my trading...

With 20k, NQ, a mentor, and previous experience I think he'll be fine if his psychology is in order. I'm not sure why you think he's entering a dangerous environment just because he wants to trade futures. Equity markets probably have more nonsense to wade through than futures markets these days.

Okay I'll keep it simple: For a setup you would normally take, when you see a spike/mini-breakout do not do the following: 1. Sit and think about missing out. 2. Get impatient. 3. Enter immediately. Do this: 1. Enter a LIMIT order at 50% of the length of the thing that spiked (in your above...

You're going to be in for a rude awakening. :-) risk management is like 10% of the pie. Those things you listed most traders do anyway.

This is never going to work consistently in ES. Don't start with this instrument. Start with YM or NQ. ES is not the right instrument for a beginning futures trader. It's too thick, it doesn't trend like you think it trends, and you're just going to get chopped up daily. Additionally the...

I imagine quite a bit of Budweiser has been consumed at that desk.

You *should* have an idea what price will likely do and (as you get better) an idea what to do should price fail to do what you expected it to do. Your statement of "more than likely means that its not going down" is completely off. You are not trading CL here, this is NQ. Heck, even crude...

https://www.theice.com/publicdocs/futures_us/ICE_Dollar_Index_FAQ.pdf So there you go: "market maker program" aka "bots vigging everyone's trades."

Myself, I prefer straight POSIX C.

My point about the wicks is not about candlestick patterns or any of that stuff (although some of that "theory" is supported by typical behavioral patterns of price around notable areas). The point is that it's common to see price pierce a support or resistance and then reverse. All the people...

No small stops are only usable when volatility or lack thereof calls for it. You're totally allowed to use small stops but only if you're solid on entries. Right now you're jumping entries too quickly IMO. I also don't think those 5s charts are helping at all. But i'd say it's probably best to...

I don't see the behavior in TF or Brent (albeit that's ICE EU) which I also trade. Do you know of this occurring in softs or otherwise?