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Pabst, Regarding those big locals doing size in the pit, what are they doing on the screen ? Do you know if they are still pulling big money ? Or, did they just throw in the towel and retire ? By the way, how can you read order flow on the screen ? I tried to follow the euro FX...

Pabst, Thank you for your explanation. It looks like this strategy is not possible on the screen. Do you know what these big locals (including you) are doing trading on the screen ? Can they really replicate their edge from the pit to the screen ?

Pabst, Thank you for your detailed answer. I didn't expect that they were so many locals doing size. I thought maybe 10 or so. I see now how they could run stops. If 30 locals buy 200 at a clip at the high or low of the previous session, they will easily clear stops. I understand...

John47, Thank you for your answer. I have some experience in forex and what I've seen is about 80% of the time when a trader open a position, the position goes against him first. This is why I find it hard to believe that a strategy where you risk 10 ticks to win 1 ticks is possible...

If I am correct, Pabst, you have worked a couple of years as a local in the bond pit ? I have a couple of questions regarding the bond pit. I welcolme other members who have experience about pit trading to give their insight too. - What size were most of the locals trading ? 10, 50, 100...