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CBOT trading was bought out by NYSE LIFFE and is a reasonable option depending on your strategies. The most active exchange right now is COMEX through CME. If you don't mind the hours, TOCOM is probably a decent place to trade. And there's always the spot metal exchanges... though I...

Do yourself a favor. Try putting the USD as the denominator in all charts where it's part of a pair (chart it as 1/USDCAD, 1/USDCHF, 1/USDJPY, EURUSD, GBPUSD, AUDUSD). Tell me what you see and which one stands out. Then put JPY in the denominator of all your charts... that should be easy...

Most of your answers can be found here http://www.nymex.com/GC_spec.aspx Use the links on the left hand side. The Tokyo commodity exchange also trades gold denominated in yen, but I don't know much about that one.

Let's replace "volume" with "previous price action" in your above example. Price can move up after it doesn't move for X period of time. Price can move down after it doesn't move for X period of time. Price can go up after it moved down for X period of time. ... Price can ------ Get...

1.5:1 would significantly hurt retail FX. Let's hope that never becomes a reality. However, lowering to around 25:1 won't destroy the game. It will probably take away a little bit of the dead money though.

My standard strategies do not use volume in any way. However, I do have one or two successful strategies that use volume extensively in certain situations to make trades. So I did vote for "I believe in using volume analysis". Unfortunately, the company I work for would be very upset if I...

Thanks, I thought so too and it's nice to see someone actually bringing something to this discussion. The fact that there's varied viewpoints has no relation to what's correct. As I said before, there was once a huge debate over whether price action was more than just random. That debate is...

Because either you or they aren't seeing the whole market.

Price and volume (and the order book) are the only pieces of information given by the market. Why would you choose to ignore information when you're given so little? Sure, analysis paralysis is very real. However if looking at volume gives you analysis paralysis, then you didn't prepare...

Central banks aren't out looking for profit. My understanding is that they are often the biggest givers of profit.

I've noticed a few new holes in your holy grail this time. 1) You still aren't protected from major economic events. The market will often continue its trend after an economic release or disaster (as you noted), but there's absolutely no guarantee. Certain products are very finicky and can...

Proflogic, Perhaps the words “intolerable drawdowns” was a bit too harsh. Even a system that was caught like a deer in headlights during 9/11 shouldn’t have an “intolerable” drawdown, just a very large one. Proper money management ensures that you stay in the game and let your edge...

You say that a system that is based on your desired type of chart will never have intollerable drawdowns? That's crazy. All it takes is one major surprise and you're toast. Those surprises aren't seen in any chart until it's too late.

The "only run your system when it will work" idea is similar to the idea of only going long when the market is going to go up and only get short when the market is going to go down. All three ideas are great. Seriously. But why spend time trying to figure out when your system will/won't...

Backtesting. Plenty of quants/traders think backtesting is the answer to the next great strategy. So they buy the data and then run 1000s of strategies through it. It's a perfectly normal activity.

Any Algo company worth anything can just record the data straight from the market feed as it comes in. You could do it yourself without buying anything from Eurex. Selling the data actually levels the playing field for the smaller companies that don't have the resources to record on their...

Money management is your only real way. Not every move can be predicted. Overall, if the big spikes are "random", then you should come out flat on them. Just make sure you have the capital backing to take the P&L volatility. If you're often on the losing end, then they aren't so random...

TA is a graphical/mathematical depiction of mass psychology. And more recently, it's a depiction of the automation created to take advantage of mass psychology. People tend to think in patterns and act in patterns. TA shows it and gives you the possibility to exploit it.

austinp is absolutely correct that every backtest will come up with a maximum profit at a single exit point. The problem is with curve-fitting and the flaws of it. The optimal profit target will change from day to day and week to week. Whatever is the "optimal" target for a year, will not be...

Extremely unlikely in today's political environment. If they confiscate gold, then most likely it means that US Citizens will not be allowed to own gold bullion and most likely will not be able to trade it within US borders(even if it's cash settled). However, you can always head over to...