Predictor

Thanks traderx.. we will see you there! Just a final reminder, be sure to go and register for our webinar this Saturday if you're interested in learning about tape reading and order flow! Click Here To Register Thanks! Home - OrderFlowDashPro

Wrong on that one... difficult day today started off well.. ended poorly --- I'm thinking that the liquidity providers may start pull from market if this slide continues... HFT bots don't have anyone else to lean on

I'm calling the LOD is in...

Attempting bid off the 25...

Nice! I will re-offer around 26

Some LQ providers are bid just below 25.. may lead to small bounce but anticipate roll over to continue

Short off the open.....

22 appears to be a very high probability now

My hypothesis is that HOD is in for a few hours... will watch to see if I'm right

Don't Confuse Green With Buying and Red With Selling in Time and Sales! Many traders are under the impression that green means "buying" and "red" means selling when using traditional time and sales displays. I was one of those traders until I built AlphaReveal. Most of the "Time and Sales" displays that I've tested aren't bid/ask accurate. Most of the "Time and Sales" displays I've tested get confused when the bid/ask is pulled up or down. What this means is that "green" may mean buying most of the time but not all of the time! The same applies to selling. Red often means selling but not always. What this means if you're looking at a tape display to determine if traders are aggressively buying or selling then you're probably getting some degree of erroneous information. The Time & Sales display in AlphaReveal is bid/ask accurate and beyond that, far more powerful then traditional time & sales displays. Even so, it is not at all required to use our powerful Advanced Time & Sales Inspector because we have so many powerful tools for reading the tape within the main window. Hope it helps, Curtis Home - OrderFlowDashPro

I would suggest that you get some practical experience trading even if its just a small account. You might also start to check around forums like Wilmott. This question comes up quite a bit there. Most hedge funds will only hire a Phd or a quant with an MBA/MFE. MFE sounds likea good choice. Some sort of post graduate work is often considered a "minimum" to get into the door. You'd be well advised to learn some programming language too. I recommend C#. The other route is try to do it yourself and go down the algorithmic route. If you go that route then you'll want to focus more on the programming side and working with large data and you'll be looking more at trying to get a job at a proprietary or market making fund. Best of luck..

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Buying is very correlated now...

I'll will bid 13ish for any reversal

Below order book imbalances often rest stops which helps the market to trend a bit.. Some people talk about liquidity but they don't stop to think who is providing liquidity to shorts or longs? These HFT bots go to market in front of these imbalances preventing slower traders from getting their limits filled and then they dump into them when they are able to detect the market shifting. At any rate... good day and done for day. Some buying coming in at this 17ish level

That should read: at least for next few hours. It looks like today could still yet turn into a selling day.

HOD for next few hours appears to be in.

Many HFT bots in futures are programmed to market in orders in front of order book imbalances. At times, this can make it difficult to get a limit order order filled. I can see this very easily using AlphaReveal. However, the larger speculators will tend to get their limits filled eventually as they are a stronger hands player.

Bias is to lean short... this market is causing me some trouble lately...lots like v spike moves

Today rare day where I exceeded my profit target and swung to a loss. The market really changed when we retested 14.25. The herd got short into a larger traders replenishing bid. Still at that time, I was doing quite well. I think one of my anticipations was that a lot of inventory was taken out at 13 and the the dominant trader was still short biased. I notice I have to be very careful when crowd catches on because they usually muck things up. Still the problem was at end of day, I got a bit greedy and was a bit slow footed. I always tell the (few traders) I've trained to be ready to act in worst situation to prevent it from getting even worse. Its usually a warning when I can't get my limits filled on multiple retests. --- Home - OrderFlowDashPro

One of the tricks liquidity providers will use to make it appear there is activity is pull bids and offers slightly off market to attract trade... often we get a little move higher and then a drive lower

Big sell orders are in... HOD is in... return to range

The nature changed really when the majority got short at around 14.25...

Looks like market is topping here but not going easy --- Market changed... need to shift bias to long

It looks like bids are being pulled off back levels... this could make the market drop fast