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Just because the market making is done by bot doesnt mean there is a steady stream of orders coming in throughout the day....the mm bots need other timeframe participants on the other side of their trades....otherwise they lurk....

it is basically automated scalping. Come up with an algorithm thats capable of averaging a fraction of a tick per trade, but do so much volume it makes money in the long run. I think the idea is that once you mathematically beat the game and become "the house", the law of averages is on your...

I was recently reading Jason Perl's book "DeMark Indicators", and had a question about Setups in TD Sequential. Can someone please explain to me what a "completed setup" is ? I'm getting confused when it comes to recycling. Note: I am going to use sell setup for the scenario...

Check your code for errors....

Is there a reason for this nonsense in the ES ? 9 handle jam down followed by a 15 handle jam up. Did some news come out ?

ES up 17 handles on the GLOBEX open....cash is closed tommorow, but we're buyin' em. AWESOME !

Eh. I think sharing opinions is fine. But, by having a rigid opinion on what the market MUST do, the OP is losing the game. His ego is invested in the market going down. In this game, ego kills. He'll be so twisted up in feeling bad about being wrong that he wont think clearly and take...

24 hour for sure, but be aware of the major time events. Asia open, europe open, US Open, US Close, open of the post....any and all are a reason for a sudden regime change......

Thanks everyone for the tips & suggestions. I'm going to check out this ninja trader simulator. It looks like they support a ton of various data feeds: DTN.iQ eSignal OpenTick GAIN Capital/FOREX.com Interactive Brokers MB Trading Patsystems Simulated Data Feed* TD...

Just wondering what people consider to be the best simulator for daytrading the ES ? I have some ideas I'd like to test out, but I dont want to commit actual $$$ until I have some idea that they work under actual live market conditions. Most of my ideas are what I'd consider to be "rules...

Thanks for posting this, I was curious regarding the details of this. [Especially after that awesome day we were limit bid at 1268 on expiration...] So do I understand correctly, that the daily limits are not based on % of prior day settlement, but are rather based on hard point numbers...

WTF ...It went from 1417.25 to 1400.25 in a single moment ? Gigantic market order ?

Ah,Igor... the Keyser Soze of the e-mini S&P !!! A spook story traders tell their kids at night...

If you can learn to dig yourself out of any holes you get yourself into, you'll be well on your way to success. Train yourself to not let being down cash skew your objectivity....do not put on desperation trades. Also, do not let being down make you afraid to take the good setups you know...

Has anyone figured WTF happened with the ES overnight ?!?!?

All the wash rule says is that if you sell a stock to take a short-term loss, you may not immediately buy it back and still keep the tax loss. You're not allowed to have your cake(position) and eat it(tax lass) too. You can buy back the stock you dumped on the 31st day after you dumped...

Well, I may not have advice per se, but I'll share my insights/opinions. For being young, you are somewhat astute in this regard. To learn the markets, you have to live the markets. When trading was done in the pits, it was indeed possible to get paid a pittance as a clerk. While the work...

Is my data screwed up, or did the ESU7 seriously spike to 1433 in the last minute of trading and fall immediately back 1425 ?

Downside ? We just took out the swing high. BUY BUY BUY !!!! :D

Grinding: Pros: If you know what you're doing, you'll likely be able to ring the register almost every day. You will be very in tune with the market as you follow it play by play. Cons: You're probably going to do tons of spins. Homeruns/Holding Out for more than a scalp...