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  1. meanVelocity

    How do human scalpers compete with machines today?

    Just trade the squeeze... Also, trade as a liquidity provider in a big market on the outside of the range. In moderate to high volatility conditions the market will be back toward mean if it clips your order before you can blink...
  2. meanVelocity

    Momentum Journal

    That was a confusing fed statement... By the market action you can tell everyone is a bit confused right now. Everyone needs to sleep on it. Not a instant bullish market turning event. Fed is adopting a interesting stance... I would interpret it like this. "If markets collapse, we keep rates...
  3. meanVelocity

    Momentum Journal

    It's just frigging exhausting holding position during slow rises... Ran out of mental stamina. The bull market trend is unbroken in the big picture, but if we don't regain 2050+ within a month, things could start to get bad... Kinda looks and feels like late 2007 right now.
  4. meanVelocity

    Momentum Journal

    This will just be a thinking aloud and chit-chat thread. Starting off... This has been a most exhausting day to be on the bid. The market has just been struggling with breaking through the pivot here at 1988 SPX(Cash). I am cutting my longs here. Rise is just far too slow... Probably won't get...
  5. meanVelocity

    Volatility Spike Experience

    The problem is that the behavior of the S&P changed early august... It shifted from trending into June, then ranging/cyclic into July, then in early August it shifted back to trending and is still trending. The right news catalyst would kick this market back into cyclic/ranging at the moment...
  6. meanVelocity

    Volatility Spike Experience

    Kk, good luck to ya! Remember... Past market behavior doesn't guarantee future market behavior. I would suggest adding in a second element to the strategy... Perhaps an oversold/overbought envelope around a MA, and only buying when both VIX spikes and price is in a support area.
  7. meanVelocity

    Volatility Spike Experience

    You should avoid holding weekly options beyond a few hours, and not overnight... Decay is horrible! Entering positions in the morning isn't a bad move. Just realize, volatility and volume naturally spikes in the morning even without market movement. I would not hold anything with less than...
  8. meanVelocity

    Volatility Spike Experience

    Still holding them? Those calls closed the day at 1.14. You might get an exit tomorrow morning. Kinda a coin flip. Maybe people will get excited about the AAPL announcement! Kinda just watching equities until midweek. Market is starting to coil. Just toss up some bollinger bands to see what I...
  9. meanVelocity

    Volatility Spike Experience

    Volatility behaves differently and patterns are much more complex in a bear market. You don't get spikes of complacency then further fall over and over again. You get non-random patterns that are close to theoretical statistical randomness.
  10. meanVelocity

    Volatility Spike Experience

    Should work well until this bull market uptrend slows down.
  11. meanVelocity

    HFT Myths

    Most strategies requiring two related products... Interesting... Sounds like a complex combination of arbitrage and momentum trading. Kinda like detecting a anomalous spike down in a silver uptrend caused by a large order that doesn't occur in gold, and fading the silver spike because combined...
  12. meanVelocity

    Any news on SR-Phlx-2014-46?

    Approved, yess!!! Will be a few more days before liquidity bumps up and tightens the spreads in... Was kinda hilarious the first day they were listed... I was looking over options and like... Wtf? This strike has a forty cent bid/ask spread, and the ones above and below it are as tight as...
  13. meanVelocity

    Any news on SR-Phlx-2014-46?

    Nope. I generally hold options positions for 3-5 days. However, I sometimes do 1-2 hour long intraday trades if the opportunity presents itself.
  14. meanVelocity

    Any news on SR-Phlx-2014-46?

    No, two points would likely provide optimal liquidity. However, with the low volatility of this current market a one point strike would be better for traders at the moment.
  15. meanVelocity

    Any news on SR-Phlx-2014-46?

    For those who don't know... It's the amendment to allow a $1 strike interval for the DIA and SPY Etf's above a $200 strike price. http://nasdaqomxphlx.cchwallstreet.com/NASDAQOMXPHLXTools/PlatformTOCFrame.asp?selectednode=chp_1_1_1&manual=%2FNASDAQOMXPHLX%2Ffilings%2Fphlx-filings%2F Kind of...
  16. meanVelocity

    is there a way to calculate the probability of a market top?

    Anyway... I'm off to sleep! Not going to miss out on a day of moderate volatility. Gnight xelite! Moderate... Relative to the average volatility since the fifteenth. Sheesh... The S&P has good odds it will be moving enough to find a trade setup or two with a decent probability of over six...
  17. meanVelocity

    is there a way to calculate the probability of a market top?

    Why would you bother trading something that is not a major? The spread is terrible... Your kind of cutting your own throat if you trade anything in Forex that is not a major. I follow the ForexFactory calendar. It's pretty thoroughly comprehensive. There are a lot of massive spikes that have...
  18. meanVelocity

    is there a way to calculate the probability of a market top?

    Most retail traders and trading systems are logical and predictive, not statistical and probability focused. For example... A common train of logic seen in a lot of systems is... If price has gone up for X amount of time at X speed, it will likely continue onward for a further amount of time...
  19. meanVelocity

    is there a way to calculate the probability of a market top?

    "Spikes? What spikes?" - xelite777 Honestly... Have you ever traded the EUR/USD or GBP/USD? It's not uncommon to see 50-100 pip moves occur within minutes without any news catalyst... It's so common Forex traders have a unique name for candles that spike 50+ pips and collapse back down in the...
  20. meanVelocity

    is there a way to calculate the probability of a market top?

    Using statistical approaches you can trade consistently without having the slightest clue where price is going to be in three bars, five bars, etc... Don't predict... Just follow a statistical edge like a professional gambler! Professional gamblers have no clue if a hand of poker is going to...
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