Inventory Grab Alert 4/30/09!

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Quote from manlycure:

For real high-frequency trading, the language choice is just one component, not even the most important one. Network latency would have you host your apps at a data center 100 ft away from the CME servers. But if you're a maverick trader who calls those big swings right day in and day out (and we know how clear those signals get on a 30" LCD...) then forget all that, a clunky homegrown tool will do too. May the CDV be with you!
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I agree with you 100%. For Ken More, and all the other normal ET traders, that make 14 pts per day per contract from laptops in the crapper, is not an issue to be FIFO. For an algo making 1-2 ticks per trade is an issue to get filled in the queue or to hit bids and take offers while 95% of the planet is awaiting for the last quote. It depends it seems from the nature of the edge that you have or not have, and what you want or not want to achieve.

Of course, for 95% of traders that pay for it all, nothing is an issue.

JW
 
Tested those 918s again. Looks like we were unable to auction down to the 875s.....before we started to auction back up to the high of the range.

I think we may auction back up above the 920s before testing the 875s again.

Eventually though, we need that 875 level to be taken down.

Hope you are having a fantastic vacation.....it must be to keep you away from ET. :D
 
Quote from Whisky:

I agree with you 100%. For Ken More, and all the other normal ET traders, that make 14 pts per day per contract from laptops in the crapper, is not an issue to be FIFO. For an algo making 1-2 ticks per trade is an issue to get filled in the queue or to hit bids and take offers while 95% of the planet is awaiting for the last quote. It depends it seems from the nature of the edge that you have or not have, and what you want or not want to achieve.

Of course, for 95% of traders that pay for it all, nothing is an issue.

JW
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Come to think of it, being part of the 5% group isn't such a bad deal. Think about it, being a Mensa whiz, you're part of a 2% group and the 98% don't pay you nearly as well as the 95% do. But then, you have to make sure you leave your ego in check or you don't get paid!
 
Quote from manlycure:

Come to think of it, being part of the 5% group isn't such a bad deal. Think about it, being a Mensa whiz, you're part of a 2% group and the 98% don't pay you nearly as well as the 95% do. But then, you have to make sure you leave your ego in check or you don't get paid!
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I think the market is smarter that all mensa membership put together. How many mensa types are successful like Ken More?. Not many I assure you.

Just copy Forrest Gump: Stupid is as stupid does, zero ego-centric trades (machines have zero ego), and run faster than anyone else!. I think that may be the key. mmmm. Something to aspire to, perhaps.

JW
 
I notice AMT just posted a bunch of new charts explaining today's action on ChartHub. Maybe he wants us to study the charts and quit bugging him with endless questions.

For you NeoTicker guys, has anyone looked at Lawrence's MakeBarFormula? As far as I can tell, it matches the Investor/RT charts almost perfectly.
 
Quote from Ken More:

Why hasn't this reverted back to your normal discussion which doesn't include me?

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Because I like to take on the strongest members of the herd to see if I can learn from them.

And you self-elected yourself into the discussion, much like you probably do in the markets.

JW
 
Quote from riskfreetrading:

11:41AM (june 25): Qs at 36.26. My models tell me to take profits on longs, and start scaling in on short side. The short side should however be with a lower size.

Good luck folks!
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Nice call. Please stick around. I'm sure your models will give you more good sex.

JW
 
Quote from HiggsBoson:

For you NeoTicker guys, has anyone looked at Lawrence's MakeBarFormula? As far as I can tell, it matches the Investor/RT charts almost perfectly.
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I meant to say TP Candle Formula -- not MakeBar Formula. :confused:
 
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