AgeKay

Your indicator looks like a cumulative "delta" (volume on ask - volume on bid) to me.

So how do you get to do that today? And how did you get into that prop trading firm?

I found this post on "Re: Advantages and Disadvantages of Insitutional Trading" interesting and have nominated it accordingly for "Topic Of The Month January, 2009"

Hey namstrader, thanks for posting this. Great insight. Could you please post the image that this guy is talking about when he says ?

I found this post on "A Successful Trader's Perspective on Price Action I Found to Share." interesting and have nominated it accordingly for "Topic Of The Month January, 2009"

FYI, I managed to get an update of this study from another guy (Bernhard Zwergel, Chair of Statistics, University of Augsburg in Germany). The results are preliminary and not public yet, but to give a general idea: The stock index futures have become even more short termed (2-3 days for FESX) and the interest rates future have become less short termed (FGBL went from 1.5 days in 2003 to 2 days today and FGBS is even about 5 days today)

I found this post on "Re: Price Action Only" interesting and have nominated it accordingly for "Topic Of The Month December, 2008"

He's comparing the MP distribution to a female chest. I like it b/c it's clear to everyone what he means when he describes something.

What's an OR strategy? I've never heard that term before.

You know, if you're able to keep this up consistently with these results when you're trading live, you'll make a shit load of money as long you manage your risk correctly.

What does that look like in general? Do you look at past prices that seemed to act as support/resistance?

I wanted to send you a PM and that is what I got. Could you clear your messages please?

Very interesting results, especially the first day. But that does not seem to be a big deal considering how small your losses are compared to your winners. Glad you found a strategy in such a short amount of time that seems to be working for you. I am interested how you manage your stops, do you move them up to your first target once it's hit? P.S.: You forgot to attach the screenshot of 10/15 to your post.

Thanks for clearing that up. Yeah, I think the way you're reporting your P/L is the "right" way to do it because you can compare your results with other traders regardless of what size your trading.

After or before you read the "The Futures Game", you should read "Trading and Exchange: Market Microstructure for Practioners (2002)" by Larry Harris. Sorry for not mentioning it earlier. It does not tell you how to trade and does not give you a methodology, strategy or indicator to trade, but instead gives you a good understand how the market works and who is doing what in general terms. Anyway, make sure to read it before all the other books that focus on strategies, indicators, etc.

So does that mean than when say your down by 12 points, you're only down 4 points on each contract, which is 12 points because you're trading 3 contracts?

I m in there. My handle is "H"

marko, thanks for the link. gg80108, I am glad that you are sharing your experience as a user of their software here. You confirmed what someone else said earlier about their indicators not being good. What I am really interested in is whether their long term volume distribution (volume histogram) on which their "rules" are based on adds value to your trading? If so, could you please elaborate on how you use them, i.e. do you use it as described in their "rules" or do you use it differently?

What is that link all about?

brownsfan, appreciate the compliments. Hope you have a good day.

It's based on the fact that most of the Spot FX brokers out there I know are dealing desks and even those that claim to be non-dealing desks are shady. I don't understand why a professional would trade with a dealing desk. No, I realized that might not have been a good idea.

I am well aware of that. I still hope there is someone who can give me an answer. Who knows, it might even be technical.

This is a genuine question. I really want to understand. Can somebody please explain? EUR/USD currently 1.34 while it was almost 1.60 three months ago. Shouldn't it keep going down since interest rates had been cut so many times? P.S.: I post this here instead of in the Forex forum because I have the feeling only amateurs are trading spot forex while the Futures trader seems to be a lot more knowledgable.

Actually most of the time the FESX does exactly the opposite of the bund. They don't move together very often, it's more the exception than the rule.

Ah, now I see what this information ratio is all about. It's similar to to the expected variance calculation. I know the following formula from somewhere that tells you the expected variance which goes like this: 1/Sqrt(Sample Size) = expected variance. So if you have 400 trades, it's: 1/Sqrt(400) = 0.05 = 5%. So you can expect the actual result to deviate by 5%. So if you have a return of 10% per year with 400 trades, then you can expect your actual results to lie within 9.5% and 10.5% (<= 10% +- 10% * 5%).