Australian (ASX) Stock Market Forum

I'm back - where to get good data for DOM?

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Trembling Hand said:
I'm intrigued GB. tells us more. Short term/longterm? System or disc? Guaranteed capital or you carry the risk? Years trading OPM?
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I've been trying to find a good discretionary futures trader for a while now. Someone who would consider trading OPM. I wanted to find him, rather than him find me. I can't find anyone who would guarantee capital, unless it was one of those bigger managed futures firms, but their returns are usually much smaller. The guy I like trades his own money successfully, short term, and has never traded anyone else's money. If I do go ahead I first have to work out security issues, fees etc. Not easy. I think IB has a friends and family account structure that might work. I never wanted to have an IB account but it looks like the only way of doing it.
 
Trembling Hand said:
CanOz I guess if you are using it to get some sort of calculation then of course you need perfect data. It would be like back testing using yahoo EOD crap but if you are just looking at it all day and taking discretionary trades then I can tell you there is no advantage over have a direct FIX connect as I now do.

What annoys me about IBs futs data is they don't filter out enough. You get all the rollovers which are of zero use ticking through and then when you do a re-load they are not included.
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Looking at a normal DOM, such as TT or IB you would not likely notice any difference. Using the Jigsaw DOM with the Reconstructed Tape, you can see white prints (as opposed to green for htting the offer and red for hitting the bids), that are unassigned. During slow markets this is not a problem, they are fewer. But during fast markets you get a stream of prints and you have no idea whether or not they were hitting the bid or the offer, unless you are quick enough to notice the change in the depth as they sweep...or you have a Jigsaw DOM.

Just working on a screenshot or video at the moment. A bit slow because i need to use the ES....

Maybe i can try the HSI...

CanOz
 
waza1960 said:
Does he have good "Gut Feel" lol sorry GB couldn't resist:cautious:
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That's what I'm after, a discretionary ninja jet-fighter who has finely honed instincts (and a really nice equity curve to match). If you know of any I should check out and add to my list, please PM me.
 
Gringotts Bank said:
That's what I'm after, a discretionary ninja jet-fighter who has finely honed instincts (and a really nice equity curve to match). If you know of any I should check out and add to my list, please PM me.
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Ooo Pick me! I'm always up for people to throw money into the stash!
 
That's what I'm after, a discretionary ninja jet-fighter who has finely honed instincts (and a really nice equity curve to match). If you know of any I should check out and add to my list, please PM me.
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You'll be lucky to find anyone .
Why would a gun trader work for a private individual considering that the individual may not understand risk/trading (What happens when a trade is underwater by a significant amount?)
When he/she could trade with a Prop shop from home if necessary with unlimited size and very good support.
Just don't see it happening:2twocents
 
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