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The TICK is not very reliable as a standalone indicator but I've noticed that it can help to spot some very short-term opportunities if you not only look at the level (extremes) but also at how fast it got there. When the TICK moves to an extreme and does it very quickly, the move can often...

There's no single answer to this. Just watch the bid/ask size in real time for a few hours and you'll get a decent idea. Sometimes the bid/ask size is 2000+ contracts and sometimes it can be in the 100-200 range for a whole minute... Alex

Megadon, This is off topic but I have to ask: why do you insert so many series of dots/periods throughout your posts? Please do not take this as a flame. I am just asking because I cannot imagine typing long messages with so many dots all over the place. Do you hold down the key or do...

risktaker, I agree with most of the points you added but I'd like to clarify a couple of things from my perspective. 1) I did not mean to imply that trading is easy. It is certainly harder and more complicated than running a fast-food restaurant. But each type of business has its...

Although I do not trade at a prop firm and I do not care to attack or defend the concept of prop trading, I would like to just contribute another perspective to this discussion. This thread has been very focused on prop trading as an activity, some looking at it more as a job and others more...

Well, your logic kind of makes sense for 99.9% of the time but the issue here is that you still have to take into consideration the remaining 0.1% of the time (please don't attach importance to the exact numbers), since it can and will happen. When trading, you have to have a strategy that...

Congrats IB on lowering commissions! :) In terms of margin rates, it is true that they are high at IB compared to other active trading brokers but on the other hand, I don't think that is necessarily bad. When I see some brokers offering $500 margin rates on e-mini's, it worries me for some...

Here's the link for CME T&S files: http://www.cme.com/trading/dta/hist/ftp_gtimeandsales3098.html Have fun!

Nice chart NihabaAshi. Thanks! Another thing I do and that I would recommend, although it takes time and is a kind of a pain is to select some moves during the day that you believe were good plays and go look at the price action during the move on a tick by tick basis. For CME-traded...

Here's my 2 cents: 1) I think simply trading a retracement based on a specific measurement (Fibs, Sup/Res, SMA/EMA, etc.) is not good enough because it you can't apply one rule to all situations. From my experience, depending on how strongly/weakly the market is trending, it will retrace more...

OK. I did not see this mentioned on this thread so in case you guys are interested, Refco is already trading on pinksheets under RFXCQ. So far 15.7M shares between $0.75 and $1.55. It's pretty sad.

http://abcnews.go.com/Business/wireStory?id=1209611

Wow! 25-30% is insane! Some banks in the Andes take 0.75 to 1% as a "transfer fee" but that's about it... Most will just have fixed fees per amount bracket.

I don't even think you need any visa. The only "issue" is that they may withhold 30% of all earned interest if you do not provide a social security number, although I don't think you'll be depositing money there with the main goal being to earn interest...

You will need to present a passport and to sign a tax form. Should not be a problem. By the way, I am very surprised that Brazilian banks would not support wire transfers. I think that's impossible. Wires are supported almost anywhere in the world. I am quite familiar with South America and...

Come one guys, the absolute $ amounts on their own make no sense. They're only meaningful within the context of the amount of capital used. The % is really what measures your skill. And still, you need to also relate it to risk for it to make a lot of sense... Just my 2 cents. :)

You could try: http://www.elance.com I've never used them but some of the vendors there have good rates and a decent track record of references. You'd still have to do your own homework on them though. Good luck! PS: To whoever made a comment about $85/hr rates being a thing of the...

Hello everyone, I recently embarked on a project to develop a trade simulator that would work with TradeStation for my own use in training on day-trading strategies in the futures market (indices and currencies). The simulator receives quotes from TradeStation through a custom DLL. It is...

I think the real question was: what about trendless periods? The market does not trend strongly the majority of the time. Take some daily or weekly data and analyze the last 30 years before you mortgage your house and bet the money on a 50/75 MA crossover. If you are validating your idea by only...

Just FYI, I used to run some e-commerce sites for some very big companies that I won't mention here and you would not believe how much retail traffic an ad can generate when it's placed on a large portal/search engine. I myself could not believe that so many people were clicking on the ads...