What are "Players" thinking?

[dbphoenix]

Quote from Scientist:


Once they get that they have to trade "with" the others instead, they start to follow the flow and become winners. Most ppl, however, never grasp this concept.

Depends on which "others" they're trading with. Without some understanding of the dynamics of fear, greed, and probability, one better have great rules and excellent discipline.

 

[tntneo]

I did not want to use this expression 'big players'. it means nothing.
there are important traders and institutions in both pit and mini. as well as program trading and arbitrage.

and sorry to disappoint some, but traders aren't the market. volume is coming from outside. therefore traders aren't trading against each other (they do compete though).
what moves the market is outside volume.

without outside volume, traders just rotate price around to find outside volume. all part of the price discovery.

 

[Nordic]

Quote from jasrlew:

How would we go about recieving this service?

http://www.realtimefutures.com/

 

[Scientist]

Quote from dbphoenix:



Depends on which "others" they're trading with. Without some understanding of the dynamics of fear, greed, and probability, one better have great rules and excellent discipline.

Well, without excellent understanding of the dynamics of fear, greed, probability, reward:risk ratios, as well as great rules and excellent discipline, one might as well go busking.

~Scientist

 

[Pabst]

Quote from tntneo:

I did not want to use this expression 'big players'. it means nothing.
there are important traders and institutions in both pit and mini. as well as program trading and arbitrage.

and sorry to disappoint some, but traders aren't the market. volume is coming from outside. therefore traders aren't trading against each other (they do compete though).
what moves the market is outside volume.

without outside volume, traders just rotate price around to find outside volume. all part of the price discovery.

Or you could say that participants with longer timeframes ultimately create revaluation.

 

[tntneo]

Quote from Pabst:
Or you could say that participants with longer timeframes ultimately create revaluation.

hehe.. yes exactly

 

[rcreal]

Quote from vanilla2:

I'm not sure how representative this is of CME pits though.

I'll be taking a tour of the CME floor next friday. I'll stop by the S&P pit and let you know what I find out

rich

 

[damir00]

for the Big Boyz to be working against me, they would have to be working with each other. far far more likely they're busy taking chunks out each other's hides than worrying about insignificants like us.

the money is in suckering the guy managing a $100M, not in suckering 50 guys trading $20k accounts at IB.

Quote from dbphoenix:


Even if you were to use empirical evidence only, it would not support this statement.

 

[dbphoenix]

On the whole, I think it would be best to let you guys believe what you like on this subject.

Have a nice day

 

[damir00]

lol. it could be worse: other places have endless discussions on how/why the latest pop was due to alan greenspan buying EBAY etc.

Quote from dbphoenix:

On the whole, I think it would be best to let you guys believe what you like on this subject.

Have a nice day