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When you see an offer getting lifted, that price now goes bid, and the next offer starts to trade out: that's buying pressure. When you see a bid getting hit, that price now goes sellers, and the next bid starts to trade out: that's selling pressure. The importance of volume is usually...

It's a ridiculous deep dive, but if you are serious I would recommend: The Handbook of Fixed Income Securities, 6th Edition Book by Frank J. Fabozzi I read this before I started trading fixed income futures. I also took courses from LIFFE, CME, and CBoT on various fixed income topics. But...

Missing the most important "tips": 1. Is day trading the right strategy for me? 2. If day trading is right for me, can I automate my strategy including position management? 3. Do I realistically and honestly have enough capital to day trade? 4. Do I have a legitimate edge? 5. Am I prepared...

Nah, it was a "lazy" insincere question that had "kick me in the nuts" written all over it.

To be fair, this is a pair trade and not an arbitrage. Buying WMT for $126 in Frankfurt and selling it for $136.70 in New York is an arbitrage. Buying preferred shares of COST and selling common shares of COST is an arbitrage. (see Convertible Arbitrage) I wish you good fortune !

This thread never had a chance. OP is 99 percent sure that TA is nonsense, but asks an open ended TA question. :confused:

The secret is that there is no secret. If you could manage to find ten legit traders that made legit profits, I would lay big odds that every one of them was going about it a different way. There is no singular TA study that lays the proverbial golden egg. TBH, the rules set that you use...

You'll see more of it now that solid majority blue state cities are thinning out. 2020 has exposed some harsh realities. And those that can afford to move and can move usually move.

This is a nice demonstration about how lazy and greedy politicians are. They want to simply tax $10B annually, which is about the same collective 2019 revenue earned by the combined 13,000 employees of both ICE and CME. So much easier than making hard decisions. To fix this, the exchanges...

Nothing like a contentious topic to shake things up. When I started trading, it was in the Treasury Pits and I think that I did something like "tape reading". Kinda. Maybe.

Speaking for myself, I have gotten astonishingly little from books about trading and markets. And I am an avid reader. Read the hardcore books that are a technical deep dive into market structures. You make money by exploiting market anatomy, not on platitudes and jingoisms from idiots...

The commentators in this thread espousing on "what Market Profile is" have quite obviously not been trained in the art. I say that as a protege of Peter Steidelmeyer.

Russia has 5% of China’s corn production. Only 7% of Russia is arable. US #1 @ 346M tons China #2 @ 261M tons Brazil #3 @ 101M tons European Union #4 @ 67M tons Russia: 14M tons Russia is the third largest wheat producer in the World

But in actuality the 50 DMA hasn't really worked like that the past decade or so. Unremarkably, the 50 DMA held more tests to the upside than it did to the downside. For example, this year you would have made alot more money buying April than selling February. You will need institutional...

Or you could just draw a trend line and be done with it. Nothing at all particularly special about a Daily Moving Average.

NQ has kissed the 50 DMA a couple times recently. No follow-through as of yet.

Where your 50 DMA and market closes becomes meaningful is when there are successive closes. Not there yet. Your 50 DMA has historically been a mixed bag in terms of price action follow-through as well. It's not magic. Where the 50 DMA tests well has been follow-through to the upside...

If there’s another flash crash in a major market - many heads will roll. That is something that a regulated exchange wants to avoid at all costs. There’s a hell of a lot more to worry about in this difficult endeavor. I wish everyone good fortune.

I find that markets react to the trend line more than the 50 dma. Just my opinion.

The trend line is more consequential than the 50 dma IMO.