Why it's not worth training friends...

Quote from RangeTrader:




Personally, I use to believe that the eminis and bigger instruments were more free flowing and not constricted to exact rulesets...

But recently I realized the damn things actually do follow exact intrday movement rulesets... I am starting to think the market follows the rulesets a little too close... The market patterns almost have to be algorithmically driven. Sometimes they are just too precision in their movement...
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"Too close" and "too precision" compared to what?

Any scientific analysis needs a control group. Where's yours that you would make such statements?
 
Quote from Dura:

What do you mean by "cars"?
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you can fit about 5,000 bushels of corn in a train car, and about 40,000 lbs of live cattle in a cattle car.
 
Quote from oldtime:

you can fit about 5,000 bushels of corn in a train car, and about 40,000 lbs of live cattle in a cattle car.
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nowadays, they ship about $60,000 worth of S&P depository receipts in litlle itty bitty cars. (they're so small they make a Volkswagon look like a limo.)

Sometimes when they pull up to the CME to deliver, seven clowns get out first before you finally get the stock.
 
what is ToS chats? where is the link?


Quote from RangeTrader:

Smaller traders can just exit with a profit if possible and re-enter the next resistance/support area.

Big traders trading thousands of cars have to continually average because the market doesn't have enough liquidity for them to just move in and out.

I once saw a cme trained pro trader managing 500 cars in overnight session and just nailing it. He had to average/in out through each cycle in the trend because he was just in too large of a position for the liquidity level of the market. Shifting too many cars at once would move the market and cost him.

If you hang around ToS chats long enough you sometimes see some pro traders come in and show off in the pre-market session.

The other retail traders that were hanging out in the chat were just in shock at how he was playing trades perfectly through what others would call "noise". Of course... He said by judging the volume moving past that it was likely there were only around 3 big players in the market with him working it at the time.


The weird thing about the market is that even though you see a lot of contracts going past... One big player in the market has a HUGE influence on the natural market motion. I'm not exactly sure the exact amount... But, to not move the market you have to be trading like 1/10th of the average minute to minute volume over like 10 minutes.

Anyone know the exact numbers? Cramer once demonstrated how he could move the market around to show off. LoL... When your hand moves the market you lose money though. A lot of the liquidity that appears to be there on the L2 tends to appear and disappear a lot.

The only people that know for a fact how liquid the market is trade hundreds to thousands of cars. I tell you though... At key turning points not all that many cars go past in the key areas as the best prices.

Not many at all...
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Great thread.

I watch spy. There are always 20-30k blocks on each side. At market extremes not much Trading occurs at exact lows ect. I agree with the point. usually levels break and the market will fly if a level breaks.






Prices stay true if you know what your looking at
 
OK guys, do yourselves a favor and log into the CME website. I think it's actually www.cme.com - check the free training.

Then, if you're serious about trading...futures or equities, then go to www.tradersaudio.com and listen to my good friend, Ben Lichtenstein.

As some of you may know, my brother and I have done pretty well in the trading world, and we cannot trade without listening to Ben every darn second of the day....test for a few months, you'll see what I'm talking about. I rarely, if ever, endorse a product or service, but this is a MUST for all traders.

Don
 
Traders audio is fun to listen to sometimes...

Great show! It can help people get themselves in sync with the market... It's better than music! LoL...

I think Ben nearly lost his voice during the flash crash... Hahaha
 
The reason the market cracks hard when a major range breaks is you got a lot of professionals, funds, and etc following strict risk off rules... If the market range breaks against them they get the hell out...
 
Just look at the chart...

Each bottom is exactly proportional to the last without any headfakes on the 5 range for long periods of time lately...

The market is sometimes totally devoid of any randomness in the least sometimes...

That is why I prefer trading during rallies... They pattern so predictably compared to bear markets...


This isn't even the half of it though... There are more important things.



Quote from logic_man:

"Too close" and "too precision" compared to what?

Any scientific analysis needs a control group. Where's yours that you would make such statements?
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Quote from RangeTrader:


Only recently have I fully understood how they do it. The biggest traders in this market use a support/resistance targeting and rule system that shapes the markets movement. It seems like the alogo's and big traders all go by the same damn range break/trend ruleset.

With the help of a tip from someone on here I solved the entire movement ruleset puzzle. Was just missing one last key piece.

If you don't understand the rules of the market... It's like being entered into a chess tournament without knowing how to play chess and being expected to learn as you play.

Tip for those in here... Study up on market trading range... Watching lower highs/higher lows vs lower lows, lower highs cycle to cycle as the market trades are key to judging actual trend direction.
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Subtle vague secrets post.

Also, I look at every chart you post, but I don't understand what I'm looking at.
 
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