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might be early but long 1371.5, stop 1368.5, target open

Mate, you have a good degree and you worked on an exotics desk - alright understood. What OP is saying is that you don't need much complicated maths to make money trading delta1 in a systematic/quant way. Invoking your understanding of stoccal and PDEs doesn't mean that OP is wrong. Infact OP is...

ES has once again become very volatile intraday....goldmine for good traders......caution advised for average traders like me.

Actually, I was telling everyone here that I am losing money on ES but I doubt if actually anyone faded me. Would have been good for them these past few months :) Well I really have tough time answering your question as to why not trade FX only, but I will give you an honest answer. Lets see...

it seems my original target is not going to get hit. So out at 1382.

Thank You Very Much Sir! Sorry, but it seems I re-quoted you after you edited your post, and meanwhile you already replied to my reply (that I deleted and reposted). Seems our posts crossed in real time. LOL.

I see what you are saying. I am actually feeling excited!! I think this feeling will continue for few days and then gradually I will start to feel bored. I mean for last 6 months, I kept making money in FX and kept losing it all in ES. It was a very hard time period for me. Finally I am...

Its pretty clear to me that we are going up, currently we are making a bull flag. When I started trading ES, I lost money trading ES for maybe 5 or 6 consecutive months, lost more than 10k trading only 1 contract. So, lost around 200 points in maybe 5 months, that works out to be 40 points per...

long 1380.25, target 1390. stop 2 points.

short 1379.5, stop 1382.5, target around 1370. This is not a very high probability trade, but R:R is 3:1, so taking it. Edit: Out for 1 tick loss....not convinced that it will work out. Will short if we break LOD

Amazing industry, Let me ask you an unrelated question. For how many years have you been trading, and how many *different* strategies have you devised based on observed market dynamics? And is most of your work on US Equities? Most of the strategies I have developed have had their origins on...

Actually, I agree with most of what you are saying especially about warning newbies. As per my experience about fills rate in futures - if you are trading spot FX on EBS, you can do 10 million on major pairs with zero slippage. Correct. An independent trader doesn't do more than 10 million a...

This is one of the primary reasons I just want to concentrate on strategies that have a high average trade profit. In ES anything less than 50$ a trade and I am not interested because currently I don't have the technology to ensure that I will be able to correctly simulate fills and slippage...

What you write is correct, I can always improve my trading by buying bid selling ask if get a good fill rate - earning the spread rather than paying on many trades is definitely going to improve my trading performance. However, as an independent trader, I have finite time resource. Currently...

Buddy you got an attitude I admit it! Please read my post I replied to braincell that I am talking in reference to futures trading. And mind you I am not trading for a fund wherein I need to buy/sell notional of 100 million within 2 minutes. I am running an independent trading account and for...

Sorry but I didn't clarify. I am coming from the futures world, where size on inside bid-ask is sufficient for my purposes, that I don't need to simulate any fills. I understand that this is super-important when you are trading stocks with say < 10 million per day volume. So, you see as of...

Which software available for sale for retail/semi-retail would do a "somewhat not too bad" job of simulating a limit order book? Would you name a few alongwith ballpark price. Thanks. Btw, I think braincell meant not long term trading strategies, but intra-day strategies with holding period...

yeah now I remember it was RGM Advisors. It does seem that you have worked in the industry so I am sure you know that RGM Advisors is not one of the billion+ hfs. Its right there in the league of DEShaw, RenTec etc. Admittedly, I know little about machine learning, but it is a fact that I...

Hey are you sure RenTec doesn't uses any machine learning algos ? Are you positive on that ? Reason I ask is I saw a job spec from a very large fully systematic hedge fund based in Houston (forgetting its name currently, but if you know about hedge funds you know the one I am talking about)...

I read bloomberg's book and as far as I remember he was a salesman at Saloman not a trader. Not 100% sure though. Its true that a Salesman is more likely to sell a software than a trader. Anyways this was just a correction won't really matter to the discussion. Carry on guys!