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eSignal's data is delayed. Run an eSignal time and sales next to a Laser or Lightspeed time and sales and you will see the prints come in on eSignal late... it's a fraction of a second, but enough for the eye to catch.

http://www.elitetrader.com/vb/showthread.php?s=&postid=3055433#post3055433

It used to be that odd-lots (sub 100, that is) sent to the NYSE had to be filled on the next-print, at the cost of the specialist. The logic was that, while the specialist has the right to rip-off the 5k orders coming in, he shouldn't be able to ripoff grandma and her 5 shares of disney...

I saw those guys live 1-2 years ago. They're still rocking hard.

In C you can move $25 million worth +, sometimes closer to $50million, before you'd take out an entire level and make it move a penny.

BX is the new CBOE, BYX is the new BX. Nothing has changed.

C trades in pennies, it has an average daily range of maybe 10 pennies, however the inside market is typically quoted for 5 million shares +... so $50,000 per penny. You probably won't be able to go for more than 2-3 pennies, but it's gotta be one of the world's most liquid markets (C).

What makes you think NoDoji is a faker?

I don't think this really matters... don't most people negotiate with LightSpeed? Unless you're the world's biggest piker bitch, this shouldn't affect you. Years ago I was going to open LightSpeed retail and negotiated a rate that was... well, *substantially* lower than the rate they're...

1. Arcabook should contain more than top of book. Although NYSE owns Arca, they are separate exchanges with separate orderbooks, separate bid asks. For example, right now in C, at 4.86 NYSE is bid 2,148,700 shares while arca is only bid 723,000 shares. The data is not redundant, if you want...

sterling. no the .000001 only a firm trading against client orderflow can use, however there are many ways for retail individual to execute between bid and offer at sub penny prices.

We can see orders rounded to 4 decimal points.

There's no such thing as priority amongst the ecns. I.E. NYSE having priority over EDGA, etc. That does not happen. Typically, the ecn with the lowest cost to take liquidity (CBOE, BYX, EDGA,NQBX) gets taken/hit first, however if someone chooses to route his order to a more expensive venue...

The "quadrant" idea won't work. You are using data that is 99% noise. If you don't have familiarity with real world scalping strategies your chance of success is 0.

Can you scalp manually? Have you ever had success trading intraday? Are you familiar with any scalping strategies used at prop firms? If you don't know how to manually scalp and/or never did, I'd say designing an automated scalping indeed a pipedream.

And your name is intradaybill???? I love this place.

I second the guy saying open an Oanda account. He can buy gold/silver that way, but more importantly he can learn the basics of trading.

It's the standard way to trade breakouts. Half of all trades are "adds", half are "removes" - whenever you "remove," "take," or "punch," the person on the other side is "providing." When I trade breakouts, I usually have a pre-determined profit target in my mind, so I remove on the entry and...

Gotta love all these posts saying "there's no such thing as an edge for a retail trader." Shows people are simply NOT in the know. By the purest definition, there are real "edges" out there... you have to be "in the know."

I take it you found a PC in NYC?