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TheNegotiator

Market Wizard
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Everything posted by TheNegotiator

  1. Yeah generally it uses between 500-550mb for me. I looked and I set it to 1gb just so if there was an issue with it climbing exponentially then I'd still get a warning.
  2. I don't really mind so long as it's stable. I have 8gb which is easily enough.(i think I changed the alarm to not go off at all)
  3. Nah, I don't really watch much TV if I'm honest. I think maybe it's just a British thing. lol.
  4. Since the beginning of 2010, very much usual max distance from VPOC to high or low the following day when over 100,000 volume at VPOC(21.5% of the time), is between 5-15 points. It does have a long 'tail' though all the way to more than 35 points. 250 days out of the data were 15.00 points or above max high or low from prior day VPOC and interestingly only 14.4% of these days followed a day with a VPOC of volume more than 100,000 contracts. Well, that doesn't really clear anything up. But you can tell how bored I am!!!! :crap: :crap: :crap:
  5. I have around 1430 as a high volume target above, then around 50 for the dist low vol extreme
  6. I am using 03/14/07. It's difficult to justify going any further back than this. The prior balance if you look is pretty much covered from this date apart from the tail end of the trend. I think what you have is okay too, just a bit thin.
  7. I went short the 3.25's for a rotation down. Plus my upper target is 6.75/7.00. But who knows right?
  8. Really though, I've looked at enough to realize that it's just crazy to be too focussed and silly to not watch pther markets at all. If one market which happens to have a decent enough relationship with another, starts trading heavily in one direction, it does give you a great heads up. Plus it can be really interesting if a realated market is pressing one way heavily and yours isn't really too interested or is being difficult. If the other market turns, that can give you a nice little trade.
  9. Oh dear. I'm not too keen on Monday's in general. Never really in the flow until Tuesday Plus the day is pretty lame so far. A bit concerning for bulls maybe or just NMI(need for info)?
  10. This is a really important point. Far too many people are much more comfortable with other people making decisions for them, rather than being completely accountable for their own actions.
  11. My opinion is that many people in this industry do come out with methods which can be questionable in quality. The thing is that they probably can in many cases claim that they make it work themselves. They should be asking themselves more thoroughly who they are willing to sell to, but that's their call. I think that the people willing to pay several $k to anyone on trust like this really really need to be more discerning. Most newbies hear early on(or perhaps even before they start) that 95% of traders fail. So the question they need to ask(among many others) is do I think it is likely that I personally have stumbled across something which can really make me lots of money and for a comparitive pittance to what the future potential earning from it will be? That isn't generally the way things work. If anyone has a strategy good or bad, you need to be very patient, hard working and well capitalised to make a success of it. I would point out with absolutely no personal bias here for anyone who is reading this, it is usually people who feel hard done by that shout the loudest. If anyone does well out of a system then they usually are at least much quieter about it if not completely keeping it to themselves. Finally, I'd like to point out that TL is a place for intelligent debate. By all means vent your frustrations and opinions within reason. But remember to keep it that way. Apart from anything, anyone else reading the points you make is going to take far more away from it if you intelligently argue your points.
  12. Well, depending on what's happening it varies from day to day. Sometimes it's close, sometimes it's not, Sometimes it reverses. Example. QE sends dollar plummeting and ES rocketing. Why? Because money pumped in means lower relative $ value and so anything priced in $ has to reprice, plus of course the possibility(albeit remote ) that QE helps the economy. Then at other times it inverts. You can see it when good eco reports come out. Good for economy good for relative $ value good for ES. Then sometimes the market just loses interest and there a disconnection. The important thing is to watch a chart and see how ES is reacting relative to them(or anything, watch them around where you are interested in taking a position and whatever you do don't get fixated on the relationship!!!
  13. Okay. Whatever you think about RB, I think the subject has been flogged to death.
  14. I see a test lower which failed then a test higher which kind of failed too. If 1400.25 holds for any length of time, I'd think they'll want to try for yesterday and overnight lows.
  15. Oh right. I did have that actually on c2 i think. Just upgraded to c4.
  16. I wouldn't think that'd it'd be useful to convince a prop shop to take you- unless a mate can get you in the door that is.(not by trading simulated on a retail platform. if you can trade live and present the figures, that's different-but then i'm not suggesting to scalp retail either). Screen time is only useful if you figure something out. Sitting in front of a screen for the sake of it is unlikely to be useful imho. Try this. Write down headings for personal psychology, personal capital, risk management, product selection, trading methods, trade selection, etc etc. Useful conclusions come from organising your thoughts clearly, not just thinking.
  17. Scalping is literally taking a cut off the top of order flow(often a reversal in). So if it gets to a big level and some offers come in(if we're moving higher), a scalper who see's this might sell the price action in order to get very fast and high probability, but small profits. The method is less useful today due to algos, but I'm sure there are people who still do it. If you are thinking about trying it, then don't even bother unless you have very quick connections and are close to the exchange. I suspect you are not because you are talking about ninja and velocity tt, meaning you're probably retail. Either way, it's up to you. Re: order types, it depends. Depends on the market, depends on liquidity, volatility etc. Plenty of scalpers "hit market" as the price looks like it is about to change. So often their attempted market order becomes a limit if they dont hit it in time. This is an important distinction. That prop guy's market orders were not orders to fill at best market price, but market orders limited to a certain price. This is basically true because of the DOM. If a trader hits the offer to buy, but the market has already gone bid(before the screen refreshes) his order is a limit, if it hasn't gone bid then it's a market order. This is different to hitting the buy market or sell market button where you get best fill whatever happens. Scalpers dont do this as it's too dangerous considering that they only look to take a few prices at a time.
  18. I'll tell you what, I'm willing to bet that even the very best martial arts students would get their asses royally kicked if they were in a proper street fight. That's what markets are made up of. Seasoned, hardened and skilled street fighters. They will kick your ass even if you think you know "the book" off by heart and convince yourself you are good at it in a controlled environment. You can't teach experience. You can teach things that might make people better placed to gain from their future experiences, but then they'd need some "capacity for experience" nevertheless. The problem is, all teachings generally focus on what the author 'does' instead of who they 'are'. If you can figure that one out then you stand a much better chance of gaining from the education they provide. The thing is, how many people looking for "an education" get or even ask to see actual evidence of skill? Past performances or recognised third party qualifications might count here. But generally, it's all about the marketing and a feeling that people get about whether they are being told the truth or whether the educator is a good teacher/has good methods/might be suitable for that individual. Perhaps it'd be better to have experienced profitable traders review these systems. The trouble is, why would they bother?(unless they get back handers then how are the results honest anyway?!)
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