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What the hell. IQ test is needed for website registration.

"... seldom discussed: the students aptitude and the teachers ability to demonstrate live trading." If a training service is promoting higher frequency trading, scalping, or 'day trading' I am in complete agreement about a live demonstration in a live market real-time via webinar or live...

Yes, system trader. Quasi-mechanical; I would term it as 'grey-box'. It is not purely mechanical. Entry is the satisfaction of two or more mechanical conditions. Setting the exit (profit target and stop/loss level) requires a modest level of discretion dependent upon the holding...

I'm not making any claims, you are welcome to put in the time and effort to find out for yourself.

Early bird gets the worm on FIFO. Earliest timestamps get filled first. If you change your order in any way - like the quantity, for example, it gets bumped back to the queue and you are pushed to the back of the queue. So, if you are getting cute with automation and flooding the...

Many of us have had good luck with Advantage Futures in Chicago. There are other very good FCMs in Chicago as well that are better in terms of speed and infrastructure than the smaller 'retail' oriented shops (which typically just give up to the FCMs anyway). The quality of the ECN is more...

http://www.cmegroup.com/globex/files/PriceBanding.pdf Note that all of the major CME Globex products are FIFO, which means the earliest timestamp at a given price is filled first - which, of course is NOT algo / HFT / automation friendly (it discourages my design strategies that do not...

Naw, they bid it up this week to make room for the flush tomorrow. You see, the market has to have appropriate boundaries for the obligatory trading range. Weak hand, strong hand, puke, path of pain.

If anyone needed empirical evidence of how destructive and idiotic market timing is, there is bountiful data here on ET. Every day, since the dawn of ET, somebody is starting a thread and calling a major market top or bottom. And if someone actually did it with real money, the pain oh the...

I used to admire Soros and bought his books in the first week of release; in the past several years my opinion of him has shifted dramatically - he seems hypocritical and deceptive. Maybe it's his political bent.

"Perhaps the best (and safe?) strategy that prop firms to use, just a guess. Legal? Any comments?" **WARNING; gross generalization, completely misrepresentative of our fine sponsors on ET and the securities industry in general. Please know that the appropriate regulatory authorities are...

"suggest those good fills are obtained by ATS, unregistered or even registered without priority in the queue." Nope. Wrong again. Contingent orders have the lowest fill priority in the queue by exchange designation, and are filled by timestamp as well.

When LIFFE took the Euribor from FIFO to Pro-Rata order matching after 200 cars I told them 'adios' as well. It's degenerated into electronic gamesmanship where all the orders are contingent - that's why you see 3000 bid for, and it trades 750 and the bids disappear to nothing in milliseconds.

" I doubt most of the "good fills" I see nowadays are obtained by manual traders... " Again, this is not true. Please study an exchange's order matching algorithm before commenting further. Resting limit orders are filled according to timestamp for FIFO, and even with PRORATA a designated...

This has been lifted directly from the CME's regulations: " ATS (Automated Trading System) An ATS is an electronic system or computer software that is programmed to generate and route orders into CME Globex without a specific human action involved in sending or verifying the orders. This...

Please consider moving the thread 'Professional Day Trading' from the Educational Resources section over to the Journals section, since it appears to be an on-the-run collection of market calls made by one individual with very little discussion.

Since this is an on-the-run collection of trading calls by the same individual with little discussion otherwise, maybe this thread would be better served in the JOURNALS section.

Well, Eurex has earned their current station in the industry - courtesy of a series of very poor internal business decisions taken unilaterally over the course of several years. And oddly enought, it really has nothing to do with their failed attempt at poaching the US markets, or even the CME...

At least in the futures world, a prop firm or brokerage has absolute control over risk metrics. Maybe an introducing broker or smallish retail type storefront might not, but the FCM he has a give-up agreement with certainly does. Firms can set stop-loss levels for traders, where if he...

Go to this link, where you can get the quotes for all of the CBOT implied spreads. These are executed at one price internally within the exchange order-matching engine. Best thing ever invented next to porn and beer...