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xioxxio
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Everything posted by xioxxio
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Day traders like myself I pray for volatility. It is more difficult to make money without it.
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A Question Concening Volume at Bid and Volume at Ask
xioxxio replied to horace's topic in Technical Analysis
I understand the question referring to DOM volume. -
A Question Concening Volume at Bid and Volume at Ask
xioxxio replied to horace's topic in Technical Analysis
Volume at bids and offers is often fake. Volume usually dissapers as trades occur. -
That is not TN, that is Sierra Charts
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Could all the users of TN please request a bar de-gap feature. The more people that ask maybe the more serious they will be about doing it. (de-gapping every bar not just overnight) Jack talks about de-gapping bars to see the true internals. Thanks
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So I guess there is no holy grail in fx, like some people have in futures and equities.
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You are referring to trading psychology. To get jobs at IB these days has more to do with who you and not what you know. In bull markets, what you know is helpful . Good grades and good school is a given. Interview skills are the most important. I have interviewed many junior traders and market knowledge is not necessary since I consider that to be on the job training. Senior traders are all about track record.
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How to Be a Trader and Having a Family Life?
xioxxio replied to MadMarketScientist's topic in Trading Psychology
The only way you can trade from home if you trade a different market at night with wife and kids sleeping. -
Hi, What does it cost for a round trip with the above broker, I am thinking of switching from IB? Thanks
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This Is Why There Are No Jobs in America
xioxxio replied to MadMarketScientist's topic in General Trading
You are living in la la land? I suggest you go to Africa and see the "stress-free lifestyle" of the emerging economies with people starving and not having basic services. No fresh running water, no electricity, no medicine, the list goes on and on and on. To me that is hell, not simpler, stress free. -
I can expand a bit. Operators are the gimps on the desk. They are managed by the sales traders. Back in the old days the operators were allowed to run books (take risk) in the sectors they covered. Now they are just keyboard monkeys. There are some banks that do let operators run books, but very few and positions sizes are tiny
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I fixed up the scatter for you. Mak only used 1700 data points for diagram. I am using 10640 data points for YM. Data is still the same. Personally I am very comfortable with Bloomberg volume data and that goes for the 1120 for lower boundary of extreme pace.
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It was the worst day of my life when I got that call.
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2 minute Bloomberg data from March to now for YM
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Agreed. I think we are going around in a circle. My point is; you fully have to accept the the risk of the trade. By fully accepting the risk of a trade there is a possibility you may lose. We all have tools/signals that assist us in preventing such situations, but when it does happen, so be it. Trading is a business and you strive to be the best trader, just like an athlete strives to be the best athlete. This is where I get off the bus. Good Trading
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Where to Go? Manual or Automatic Platforms?
xioxxio replied to forexlady101's topic in Beginners Forum
This is a tough question and it depends on your personality. Automated is easier emotionally since you don't make the decisions. My -
So just for the record, Are you saying you never make a loss? and if you do make a loss you don't accept it. Does your broker accept your losses on your behalf?
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Interesting article. Thanks The way I think about trading is accepting the loss before you trade. There is a random distribution between wins and losses. When you put money into a slot machine and you don't win, most people are not upset about the outcome, since they have accepted the loss before the handle was pulled. Trading is the same. Enter positions where you are prepared to accept the loss.
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5 minute Bloomberg data from March to now.
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A good place to start. Forums - Spydertrader's Jack Hershey Futures Trading Journal
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That is a tough question, it all depends on your style of trading and whether you are a passive or aggressive trader. Are you a full time trader or part time trader? My personal view; if you cannot make up the extra $100, you should not be trading. Trading is a business. Even if you are trading 1 contract, $100 is 2pts; 2pts per month in the scheme of things is irrelevant. The single most important part of trading is data besides your edge. What are you currently using?
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I have compared Bloomberg, CQG, TT an Interactive Brokers. Bloomberg and CQG are very close. There are times when Bloomberg is faster than CQG and visa versa. TT comes a close 3rd. IB is not even worth mentioning. HTH
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I use CQG data and they don't filter the data as you describe.
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I see it now, thanks. Would that not be the case with carry over? In Australia the stocks open from 10:00am to 10:08am so I usually ignore the first two bars of the day. I then start looking for the for the pt1 to pt2 to p3. Cary over does not always work.