i am dying to get in the pits

Employees for CBOT? I work at the CBOT. I am not an employee of them so I have no agenda saying something that is a lie. Somebody else please chime in on this or am I just wasting my time trying to explain to him.
 
Employees for CBOT? I work at the CBOT. I am not an employee of them so I have no agenda saying something that is a lie. Somebody else please chime in on this or am I just wasting my time trying to explain to him.
 
Quote from mcurto:

Employees for CBOT? I work at the CBOT. I am not an employee of them so I have no agenda saying something that is a lie. Somebody else please chime in on this or am I just wasting my time trying to explain to him.
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Mcurto, you are wasting your time with this guy. He's still hot about getting stopped out on a 1 lot on a NFP day.
Thread here:
http://www.elitetrader.com/vb/showthread.php?threadid=92461

Everyone, do yourselves a favor and add him to your ignore list (unless you find him entertaining).
 
Quote from mcurto:

Trigger you seriously have no idea what you are talking about. I stood next to the 30yr futures pit for the last 4 years and can tell you the 3,000 contracts the exchange says traded in the pit yesterday is exactly right. There is virtually ZERO order flow left in the pit. The only reason the pit trades anything is because all of the locals in there are watching their screens. As for when the screens go down, the market never moves, because the locals in there these days are not the leaders of the market (no one can push it anymore). I'd assume you having zero slippage on your stops might have something to do with the liquidity that is there on the screen for locals to scratch it against. Try to put a 3000 lot stop in the 30yr futures pit and then get back to me. Futures pits are only around for calendar spreads these days in the bond room, and even that trade is thinning up as it is one zillion up on the screen a quarter tick wide.
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have you seen the grain pits thin out and people moving just to screens also?
 
Quote from triggertrader:

you think everything the CBOT tells you is true? they want you to trade electrnic. this way when you get raped by a 10 point spread the broker tells you"what can you do fast market" however if you traded the pit there is no spread. its the leader. as i have said electronic mimmicks the pit. humans will always be the leaders and machines the followers. dont forget it. if the 3000 volume out of the 800,000 contracts is true how do you explain my last 3 winning trades in bonds with the pit with no slippage on stops?
don't beleive everything the exchange tells you.
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Trigger, I was a local in the Bonds. If there was still an active Bond pit, I'd be there.

It's dead. Finished. Over.

Price discovery is from the electronic ZB.

If your stop is "marketable" then yes the pit will fill it at a competative price. (i.e. without slippage)

And yes it's also true that he pit did a better job of filling stops than the screen. But the points moot because literally 99% of Bond volume is in ZB rather than US.
 
Quote from Pa(b)st Prime:

Trigger, I was a local in the Bonds. If there was still an active Bond pit, I'd be there.
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If there was still an active Bond pit, well, I would fly to Chicago just to see it! :p
 
Quote from Pa(b)st Prime:

Trigger, I was a local in the Bonds. If there was still an active Bond pit, I'd be there.

It's dead. Finished. Over.

Price discovery is from the electronic ZB.

If your stop is "marketable" then yes the pit will fill it at a competative price. (i.e. without slippage)

And yes it's also true that he pit did a better job of filling stops than the screen. But the points moot because literally 99% of Bond volume is in ZB rather than US.
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i'm not arguing that the US is more liquid than the pit. volume is alot higher in the ZB. but the total open interest refects both pit and electronic since they are supposed to be same markets.....well, supposed to be untill they fix the mistakes with the large spreads between the 2. when i say a liquid pit i am refering to open interest which is the most important thing. my point is the daily structured charts are much more stable and have much more structure than electronic. electronic mix overnight stuff where volume is about 10 guys in there. i dont want price activity mixed in 3am and have to worry becuase someone sneezed in russia. trading in u.s. markets should be done during day sessions between 8:20 - 2:15 and close. markets need structure. electrnic markets dont have it.
as far as "dead and finished" you're wrong. i am still trading it. 4 winning trades in a row since i stopped trading the wretched uncontrollable ZB with erratic stop loss triggering spreads.
i am not ignorant to the fact that electrnic markets are the future. but there will always be a pit. humans control machines, machines dont control humans. while there is still a liquid pit i will be there to trade it.
 
Quote from BondTrader50:

Mcurto, you are wasting your time with this guy. He's still hot about getting stopped out on a 1 lot on a NFP day.
Thread here:
http://www.elitetrader.com/vb/showthread.php?threadid=92461

Everyone, do yourselves a favor and add him to your ignore list (unless you find him entertaining).
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i'm "hot" becuase i am making money since i stopped trading the scam ZB. i have 4 winning trades in a row since going back to the pit. what about you?
i'm a happy camper. maybe you shoud rename yourself to losingbondtrader. ha ha.
 
Quote from mcurto:

Employees for CBOT? I work at the CBOT. I am not an employee of them so I have no agenda saying something that is a lie. Somebody else please chime in on this or am I just wasting my time trying to explain to him.
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ummm errrrr. employee for the CBOT and work at the CBOT is the same thing. yes i gues you are wasting time trying to explain to me that you work for the CBOT yet you dont work for the CBOT....lol.do you speak english by eny chance mr "mcurto"?
 
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