Market Delta by bolter

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Thx MPx, I will direct a link here from the DTN forums.

TGM, cheers for the comments. I originally tried this with IB feed before switching to DTN and found their data sampleing approaching inadequate, especially during volatile times and/or the first and last hours of the market. I'll be doing some research for sure though, thanks again.

MK
 
I use DTN.IQ feed for all of my MD based trading......so far fortunately for myself, I have never encountered any errant feed or data problems (for trading the 30 Year Bond, ES, ER2, YM, DAX, Bund, DJ EuStoxx 50, or 6E).

I am very pleased with DTN and their very good customer service.....I am sure if there is a data problem found it will be rectified ASAP as they have many institutional clients also.
 
Quote from 5Pillars:

I use DTN.IQ feed for all of my MD based trading......so far fortunately for myself, I have never encountered any errant feed or data problems (for trading the 30 Year Bond, ES, ER2, YM, DAX, Bund, DJ EuStoxx 50, or 6E).

I am very pleased with DTN and their very good customer service.....I am sure if there is a data problem found it will be rectified ASAP as they have many institutional clients also.
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Do any of you guys trade Bobls? It is a slower and more methodical BUND. You just have to trade a few more contracts to get the same results.

Any Stoxx traders who think the Bund is a little too jumpy or wild for their style should look at the Bobl. Many stock index traders do not like Fixed income because they do not like the point value or cannot adjust to it. I found that you just have to look outside out of the lead product to find something that will work for you and give you an alternative product to trade in case equity indexes dry out of a while.
 
Quote from MidKnight:

Hi Daniel,

If it is OK with you, may I direct DTN to your post as well? I spent some time with their tech support and they assured me that they where matching CQG and Rueters feed. Amazing rally in bund that those guys where selling all the way up - NOT. Maybe if more people aside from me reported the problem they would pull finger. Let me know and I'll start a post on DTN support forum lobbying that they do some serious investigation.

I may have to switch too like yourself. DTN has such great customer service (you can actually get someone to talk to within a minute!) that I would like to give them a bit more of a shot.

Kind regards,
MK

P.S. are you mptrading from JPs room? If so - hi there.
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Hey MidKnight how have you been ? haven´t heard from you in a while. Some sent me an email mentioning you said hi on this ET forum.

I read some of the posts, looks like you guys are really trying to healp each other out on getting setups on MD and IRT VP stuff. Cool.

If you need any help, just let me know

Hope all is well.

P:S Hi Daniel(MPXtrader), haven´t talked to in a while.
 
Quote from dcraig:

Anyway, immediately prior to the jobless figures about 350 contracts were sitting on the inside ask. A typical figure would be in the range 1 - 30.
The market took them out easily on the news.

Now this makes no sense to me whatsoever. Is this just negligence ? Some ATS that the developers forgot to incorporate timing of news releases into ? Their computer clock a bit off ? I'd really like to know what game was going on because I surely can't figure it out.

Incidently, the 350 contracts were sitting about 1 tick just under VWAP.
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hi dcraig, nice charts you've been posting.

from my experience, news seems to always be a time where big money takes the opportunity to both provide and take liquidity. in thus situ, it may seem like a stupid trade, but if this trader has to move 5k more contracts by eod, then getting off a nice chunk when he knows there's going to be a lot of liquidity taken might not seem like such a bad move... especially if he can get a price near a benchmark.

i just don't think that there's enough info to make a judgement. i routinely see guys in equities putting on huge market shorts that just step down the offer, get taken at lower prices, just to have prices pop right back before throwing another and another... all during an environment of zero selling and good buying. intuitively you think, "what idiots, they should just be sitting on the offer and reloading", but they obviously have different priorites then getting the best price at each and every moment and most likely they're more concerned with getting off what they need before eod. if they have to move 10M, they're not going to pussyfoot around slowly dolling it out. if they do, they open themselves up to competition that on avg will force them into lower prices then they would have gotten by just being agressive from the get go.

in the end, i think that markets are made up of both the patient and the impatient, neither are necessarily more right or wrong on avg; but when they're moving size, they usually have a good reason for it.
 
Hi mptrading,

welcome to ET were egos and lies collide. I haven't been around JPs neck of the woods because its summer here now and it makes trading US markets 2 hours harder then it used to be. Trading mainly on Eurex now with a little bit of Nikkei in Singapore.

By all means, if you have any insights to share on this subject please please put them forward. They would be warmly welcomed. I Know you have spent A LOT of time working with delta charts and concepts. You (and it sounds like MPx) where a major part of why MD is what it is today. Thanks.

Warm wishes,
MK
 
HI MK, and Group

Glad that I helped someone like you to take a better look at VP charts. As I mentioned you before I´ve been using some similar of Delta concept (initially was up and down tick delta) using some Tradestation code and dll´s since 2000, then came MD, with a fair interface but terrible ability to customize and do any kind of change in the software, (I believe I used it for 2-3 years), then by luck I found Linnsoft back in Dec 2005 via JP room and followed the huge effort and resources from CHAD to make the appropriate changes on IRT not only on the MP settings and calcs as well as on VP charts customization. Basically the effort and inputs of many people onto IRT software made it unbeatable IMHO, and having CHAD around is an great resource.

I still listen to JP on early morning, from 9:15 to 10 am, then I have the volume totally off afterwards, as you know I´m basically a Bond and Notes spread (pair) trader, and by now the room greatest asset is the ability to have CHAD handy(LOL).

I spent most of my day doing my discretionary trading and on my spare time doing research, been able to add all the features I needed on IRT VP charts and have all the VP calcs checked back in Feb-March, has given me confidence on my ongoing research using IRT platform.

As you know competition on electronic trading is tough and to keep a small edge one needs to continuously research, adapt and constantly re-evaluate its previous concepts and rules. This is the fun and exciting part about trading, and IRT software is a great tool for that.


But as a some of the old guys on the pit used to say.......

Futures trading is a give and take business, the giving part is the one I do not like about.

Best,

mptrading.
 
Quote from Trader2828:

Even eSignal has been having problems with their Eurostoxx50 feed. There's a thread here highlighting a recent issue with their tick data just after the FOMC minutes.

MD users who use eSignal and who trade the Eurostoxx50... pls chime in for a proper fix rather than deletion of data that contains delta values.

http://forum.esignalcentral.com/showthread.php?s=&threadid=20444
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Yes and this was the main reson for me switching from Mytrack to IB instead of DTNIQ or E-Signal. During heavy volume surges other traders I comunicate with in the day also complained of their data lagging behind the broker feeds. As I understand it..3rd party vendors are on a different Cme pipeline than the pipeline used by brokers, for obvious reasons. So putting this to good use I went for IB's feed.Now as it turns out, I may need to use E-Signal for different reasons that far out weigh the lag experienced on unusual high volume surges that occur only a few times a month.
 
Quote from MPxtrader:

I may need to use E-Signal for different reasons that far out weigh the lag experienced on unusual high volume surges that occur only a few times a month.
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It is interesting to note how many traders notice a lag in their trading software, including me, when there is a burst of selling or buying volume...

the thing is that it is going to get worse... all of the people involved in the Reg NMS changes coming down the pipeline say that volume is going to grow by leaps and bounds...

so efficiently written charting apps that can handle these bursts of volume now and even the large ones coming down the road are going to be the ones to use...

cj...

:eek:

__________________
HAVE STOP - WILL TRADE
 
Yes....If I see problems in my charting I will try and push for my TT feed from XTrader6 (soon to be XTrader7) to power the charting and then use DTN for historical needs.....LOL! :D

So far I am not having any lag issues and that is even with all the news bracket trades I do......fingers crossed. :)
 
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