Old edges

[stock777]

Quote from oraclewizard77:

In Forex, a group of traders used a faster bank forex chart feed to get a 2 - 3 pip look ahead at the real price. Then they used the bucket shop FXCM to place their orders. Eventually, FXCM figured out what they were doing and froze their accounts.

Doing the opposite trade of anything that anyone posts here on ET. This worked for awhile until some good traders actually started to post so you did not have as many newbies posting dumb ass trades.

We still have some very reliable old timers here posting 99% losers. And they say et is old hat.

 

[ronin266]

Btw, I do not think that "shadowing the ax" is totally dead. Maybe the specialist participation rate in the markets is lower (like 30-40% if i remember it correctly), but he still works in the NYSE, they´re the same old guys that before, and they still get big blocks to trade. You still see useful doubleprints, spread up/downs, etc from time to time that help you with the trades.