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Thanks! How did you determine the support at 1291.75?

Are you guys looking bearish until 1290 now?

Hi, great journal! Its really helping learn about the ES. Romik, I havent been able to find an explanation of your strategy. Generally, how do you trade? Hold overnight?

Thanks again, and this options strategy can be as rewarding as the tape reading you were doing? You must do a lot of fundamental analysis now.

Can you elaborate on what that means, please.

Maverick, do you hold options overnight...what is your average holding period.

Thanks for the list of books Maverick. Do any of these books deal with particular trading strategies...so far I am trying to track them down.

Thanks Maverick. Any suggestions on where to get started learning about options trading, any particular literature you read or advice you can give?

Alright, so certainly your advice would be for others to look into options as well, as the risk reward of stocks is not justified.

Maverick, thanks for your response. I remember you said tape reading is useless for futures, if im not mistaken. Have you switched to TA? Are you still on an intraday level. Of course, you also said that when you actually tape read stocks youd never give that info out, so im not expecting much.

So you don't have the concrete numbers for the earnings, your unorthodox research has just strongly hinted at a certain outcome for the preceding quarter?

What the hell!?

Thanks bitstream, your advice has been helpful.

Would he be in trouble with the SEC even if he doesn't take advantage of the information?

Do you suggest some variation on conventional tape reading. Perhaps starting to combine it with forms of technical analysis?

Thanks for your responses guys, it cleared a lot up for me. I hope Maverick can contribute further. Bitstream, do you think it will still be worthwhile to months dedicating oneself to learning to tape read? Maybe you think one should look for another edge as it is too late to get iexploit this...

I believe maverick said that openbook is garbage. Anyhow, I was wondering whether he thinks tape reading will exist after the hybrid implementation. He has hinted it will die, but how fast...is there time to learn?

Then are you saying Mavs strategy is worthless or simply unconventional?

Great thread, I believe I learned a lot. Maverick, you stated that you believe tape reading will die eventually as the hybrid NYSE system is implemented. I'd like to ask you as well as others, whether you think it is viable for someone to start learning tape reading today, when the end could...

Maybe hes a cop trying to find out who would tell him to use the info, so the authoroties can follow that person:confused: :)