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I want to mention Mark Fisher, a famous New York pit trader and owner of MBF clearing. He is a real deal, and he published a book several year ago called 'The Logical Trader', but he is an exception. By the way, I urge anyone to read this book, I do not use his ACD system, but the book shows...

You are opening a can of worms with such question. Just answer this question to yourself, if you had such a system, would you be willing to share it?

Hi Jim, Very well said. I posted numerous messages describing exactly how retail forex works, and with few exceptions the best way to trade currencies is CME futures. But no one seems to be interested, so I stopped bothering. Regards, redduke

Actually, he could have faced his own black swan - that there were no black swans since 911. I guess, he had a cut off point after which he pulled the plug.

Is it not ironic? They bought something that they could not afford, and should never bought in the first place, causing ridiculous rises in RE prices, and yet they are poor victims. As far as stupidity, I do not think it is that. Politicians will do a lot to appear as white knights to get...

Hi Zoo, Posting trading statement or income tax returns is pointless. Using basic photoshop skills everything can be easily changed. The only way to get some truth (by no way 100% guaranteed), is to get audit from a very reputable company, but almost no one would be willing to do it...

No need to give up an arm. E-signal let's you download tick data for any instrument (you need subscription to the exchange of course) going 10 days back. Within a year or so, you 'll have a pretty good database of very accurate data. Using tick data you can contsruct any chart or run any backtest.

Computers are programmed by humans, and their main advantage is that they never get tired or hesitate. Arbitrage, and the bid/ask games are and will be dominated by computers, but there always will be a room for manual traders, if you go for more then 1 or 2 ticks. I have until recently...

Insider trading was, is and always will be there as long as market function. You need is to be able to identify and join it. It is extremely hard and individual stocks can be manipulated very easily. This is one of the reason why I trade index futures, it is a lot harder to manipulate a basket...

Hi Big Game Hunter, I assume you are looking at April's contract. Yes the spread can easily be 5 or more points, but is ussually around 2 or 3. It also goes down to 1 many times. IB has nothing to do with it, it is nature of Hang Seng. redduke

Oh, he is no idiot. Anyone who managed to raise capital so quickly after 2 blow outs, deseves credit. Plus, he is in his early 30s and already worth over 100mil. It is the end result, the $ in your pocket that counts, everything else not important, and so far he is doing way better that...

It is not second time, it is his third. He lost $52 mil for Deutsh Bank on 2003, there is still a dispute going on. After Deutsch, he was hired by Amaranth. Go figure.

Totally agree. I only use volume bars as the represent the purest price action.

X-trader and TT are developed by the same company, and in my exprience they work just a fraction (miliseconds) faster that Ninja on TT feed. I have not used zen-fire myself, but people who did say that it is a bit faster then TT. As far as volume, 50-100 contract no problem on either. Just...

I would highly recommend for you not to do it. Do not use time factor, it means nothing of you did not earn sufficient margin. By saying to yourself that extra contract is only allowed after margin (5K) is earned will help you not to tempt with too much size for your account. It will also...

Hi Saxon22, I am currently doing something very similar that is gradually increasing my size and I am making profits. If your average risk per trade is around 1-2 ES points, I suggest to have on your account at least $5,000 per 1 contract. This is margin is OK only if you do not hold...

Just keep 1 thought in mind. Christianity is 600+ years older than Islam. Rewind 600 years back and look in history books what Christians did and considered proper. Who knows how Islam will mature in 600 years from now. Did anybody here read Koran? I keep hearing that it says there that all...

This debate will lead to nowhere. Since the dawn of history, small minority had most of wealth and power. There is no work around at current human development stage. Even in USSR, it was the same, only called in different terms. The current solution is be brave enough to try to get into that...

Wow, what a stupidity and ignorance.

What purpose does naked shorting serve? I looks that there is none, why not abolish it then if it is such evil.