[es] How to Track the Smart Money/institutions After CME Data Changes

[ZOSO 10]

I had the same suspect when I first read his posts.

 

He has subsequently explained what he was looking for in a few posts here on TL.

I don't have the links,

but they are there.

You can search his posts for detail,

in short, I can tell you this,

he said he is not looking to sell anybody anything.

 

Of course UB is here to help other traders think out of the box and give them hope they, too, can create those indicators which hold the keys to trading heaven. :haha:

 

The truth is the people here are not qualified customers for his services, so I agree he is not selling to this audience. Stealth marketing for free on venues such as trading forums with help his company either secure or attract business, however. That's why ET gave him the boot--they realized his clever intentions.

[Tams 20]

Whatever his intentions are, I doubt mine (probably yours too) are any nobler.

 

We are here... because we believe we can benefit by being here.

 

Whatever mileage you have got from his posts, is yours.

Whatever mileage you did not get from his posts, was never yours.

 

 

I am happy with his posts... One of my new indicators has a logic based on one of his thoughts.

I did not replicated his HUD, or reproduced his complex multi-channel analysis,

All I have got was a simple idea... an idea that sprung another idea... that led to a new perspective... and a new analysis.

I can't say I haven't got a freebie out of this deal.

 

YMMV

[jeffersondaarcy 10]

This thread has morphed into a broader discussion of the markets; more specifically, transparency and integrity issues. These issues affect us every single day, whether we realize it or not. They not only affect us as traders, but also as common Americans as evidenced by what has taken place the last few years (think derivatives market issues, taxpayer bailouts, etc). So, let's take this one step further...

 

Is buying 200 contracts via 200 individual 1 lot market orders placed in under a single second manipulation according to the SEC's definition of manipulation (underline my emphasis):

 

Manipulation is intentional conduct designed to deceive investors by controlling or artificially affecting the market for a security. Manipulation can involve a number of techniques to affect the supply of, or demand for, a stock. They include: spreading false or misleading information about a company; improperly limiting the number of publicly-available shares; or rigging quotes, prices or trades to create a false or deceptive picture of the demand for a security. Those who engage in manipulation are subject to various civil and criminal sanctions.

Manipulation

 

Please dont construe this post as me taking shots at people, me trying to piss people off, etc. That is not my intention at all. I'm just trying to stimulate thought.

 

Going fishing for the week, good luck trading.

[sevensa 10]

This thread has morphed into a broader discussion of the markets; more specifically, transparency and integrity issues. These issues affect us every single day, whether we realize it or not. They not only affect us as traders, but also as common Americans as evidenced by what has taken place the last few years (think derivatives market issues, taxpayer bailouts, etc). So, let's take this one step further...

 

Is buying 200 contracts via 200 individual 1 lot market orders placed in under a single second manipulation according to the SEC's definition of manipulation (underline my emphasis):

 

Manipulation is intentional conduct designed to deceive investors by controlling or artificially affecting the market for a security. Manipulation can involve a number of techniques to affect the supply of, or demand for, a stock. They include: spreading false or misleading information about a company; improperly limiting the number of publicly-available shares; or rigging quotes, prices or trades to create a false or deceptive picture of the demand for a security. Those who engage in manipulation are subject to various civil and criminal sanctions.

Manipulation

 

Please dont construe this post as me taking shots at people, me trying to piss people off, etc. That is not my intention at all. I'm just trying to stimulate thought.

 

Going fishing for the week, good luck trading.

 

If it is, then so what? What are you going to do about it?

[FulcrumTrader 10]

I am glad UB posts his various comments and trading style information.....you can always learn something by taking a look at the way others are analyzing the markets.

 

I feel that traders should conduct there own due diligence from information they pick up off trading forums. I think ET banning UB is completely pathetic (after allowing pure$hit on their forums for how long.....COMICAL!!!). I mean come on now, we all have to be protected from some big bad system trader who may be backdoor marketing??? I don't give a damn what UB is doing here on TL....I read his information and then do my own due diligence....simple, very simple. I don't need ANYONE to try and protect me from someone who may be conducting marketing ops.....that is my own responsibility.

 

For the most part, almost everyone on these various trading forums is marketing SOMETHING.....their ideas, their ego, their forum, their this, their that, etc, etc, etc. I personally don't have the time to waste on who is or who is not trying to market something to me. I already KNOW almost everyone is trying to market SOMETHING to me, so just move on and deal with it.

 

On a side note, tracking and following commercials trade activity in futures markets is some of the most powerful trading set ups I have ever found.....ignore their activity at your own risk!

[Tams 20]

...

For the most part, almost everyone on these various trading forums is marketing SOMETHING.....their ideas, their ego, their forum, their this, their that, etc, etc, etc....

 

 

not to mention their ebook... LOL

[FulcrumTrader 10]

not to mention their ebook... LOL

I spent about 10 minutes on their website about a month ago so I missed that one.....thanks for letting me know, I may go order that.

[Tams 20]

... and don't forget the ebook so inconspicuously hidden in the signature line.

in case you are dumb enough to miss it, the bait is furnished in multichromatic-technicolor.

[Mr. Bojangles 10]

Back to the trade volume, does anyone know how ICE is sending the TF trade volume. Are the CME's and ICE's the same now?

 

As madspeculator stated, the way the CME is now sending trade size represents the size of the fill from the limit orders sitting at that level. This seems closer to reality to me. Hard to say how that could be construed as illegal activity.

 

I remember back when the CME anounced they were going to start aggregating the trade volume for the purposes of reducing bandwidth. Those of use using tick charts had to make an adjustment (fewer ticks sent). It seems like now they are just going back to how it was. I guess bandwidth is not an issue the way it was a few years ago.

[taotree 10]

In the past, if I bought 200 contracts by placing 200 individual one lot trades in under a second, the CME would group this trade together and report it as a single 200 lot order (feel free to call the CME and verify). The tape then reflected my true intentions (to acquire 200 contracts).

 

Granted, during periods of high volume, market orders from several parties would sometimes get combined, I am not disputing that. However, most of the trades that were being clumped together into a single order were from a single party (once again, feel free to call the CME to confirm). This is pretty simple in my book: Trade is taking place on public exchanges and should therefore be transparent. One hundred contracts bought in under a second is one hundred contracts bought, period. The increments of purchase are completely insignificant. At the end of that split second, someone bought one hundred contracts, that’s all that matters, and that’s what should be reflected.

 

It seems to me the information we had before is all there and more. If you want to aggregate trades to subsecond resolution and group them together again, go for it. You couldn't be sure if trades were aggregated or deliberately split up before, and you still can't--so there's no change there. You have more information than you had before. Maybe... check the timestamps--if they're all identical, there's a reasonable chance it came from one source.

 

Also, if you want T&S and tick data aggregated to time periods as it seems you're suggesting--many platforms already do that. That's all the platforms I avoided