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A few days ago, I was off sick and was watching the tape in the afternoon. I posted this in a different thread: The seller sat at that level until this morning. Identifying his purpose is second to acknowledging his continued presence, his supremacy, and the fact that the market is not going...

I admit to not having backchecked my statement in a few months but the last I read, yes, the CRA were indeed successful and at one point, were bragging about how much tax they'd reclaimed. I feel, as most Canadians do, slightly invaded that my non-taxable account is subject to tax under certain...

Time and sales is invaluable. I really don't know how anyone can trade short-term without it. Being able to identify in real-time a large buyer or seller in a specific area opens up a plethora of opportunities to exploit. The tape on the ES is no less valuable than a thinner instrument - after...

I used to use DAS with IB. For a front end it was good, especially the time and sales and level 2, but I find that I could trade off of real-time google quotes nearly as well if I had to, so it was a wasted expense in the long term for me. Keep in mind that the CRA will tax your tfsa gains if...

It's possible that before this thread (as well as your contributions to the ES Journal), I have never seen anyone so expert at losing money.

Scalp your losses and run your winners.

Time and sales was my bread and butter for a few years... I could trade the ES with only the tape although I prefer a thinner instrument like SPY; it's less convoluted and much easier to read quickly; plus, level 2 in equities is occasionally immensely helpful whereas the DOM associated with the...

Dipping your toe into the water of all things orderflow is not sufficient to be able to draw any kind of conclusions. You are not so expert that you will detect with minimal effort what it takes most mortals months to figure with maximum effort. However, you seem somewhat intelligent and so i...

I think Alefia applied to nasdaq recently too.

There is a big seller sitting on the offer at 276.40-277.00 (on SPY). If he gets run over, this market is going back up to the moon in short order. Still lots of time left today.

I see the market this year stuck in a wide swinging range. Not a correction.

When you can print money, it is not possible, theoretically or otherwise, to go bankrupt. US government debt is the safest investment vehicle there is.

Well, I don't know what criteria you're using to predicate your trades but having the right idea is often more important than position size or potential reward. A person can do pretty well if they're good at picking winners - even if they size inconsistently or take money off the table too soon...

Hm. That's respectable. I was going to suggest that your big losses might be the result of not being selective enough in your trades but at 40 trades/2months, it's not as if you're overtrading.

How many trades did you make (round trip) in the last two months?

Dude who are you other than some random on the internets? So you outed xela, good on you. Now fuck off, yeah? Every thread I click on you’re in it running your mouth ffs. Live and let live.

Traders provide liquidity both for rebates and more importantly to ADVERTISE LIQUIDITY. If I enter the market via market order or in a dark pool or via iceberg, my order is never fully displayed. Large traders who want to buy or sell large size do well to advertise their orders to others for the...

This is not necessarily true. If I use an inverse exchange,, I will be provided a rebate for taking liquidity (entering via market order). Alternatively, I could provide liquidity and use a traditional exchange to collect a rebate also. Orders that are entered at an aggressive price (better...

That's a very good book at explaining the motivations of various market participants but it's not an order flow manual. Op, there's a tapereading course on Udemy that helped me immensely to cut down the learning curve of learning to read flow. Search for it.

The general public is not driving this market but you certainly hear a LOT about corporations taking out easy money loans to buy back their own stock at already insanely high valuations. I'd say that this activity is the only thing floating the market right now, one buyback program followed by...