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i sense much... bitterness 
SPI200 Chat - What will happen next?? *suspense music*
- Thread starter ivant
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i sense much... bitterness
No, you learn to read a chart much better and get better at correlation trading off of this, but wait until you start sizing up on a live market and work out what is real in the book!
I look forward to it.......
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i can only imagine!
Nikkei here i come
Nikkei here i come
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Yeah, thats the sort of stuff I mean, sometimes it goes, sometimes it stays. I dunno how you tell if its an iceberg or real or whatever, I don't get the lingo yet
Won't all markets turn to this, as things get more advanced and automated?
Trembling Hand
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Nikkei here i come
SPI :swear:
Nikkei :horse::sleeping:
K200 :bananasmi
HSI :jump: :burn:
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how are you finding getting fills when you hit market on the seng?
and how big a move are you looking for when you get in?
and how big a move are you looking for when you get in?
Trembling Hand
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You can't unless you're talking 1-2 lots. With any decent size Fuhgeddaboutit!
anywhere from 4 to 400 ticks
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Yeah, thats the sort of stuff I mean, sometimes it goes, sometimes it stays. I dunno how you tell if its an iceberg or real or whatever, I don't get the lingo yet
Depends on the market participants. Things are already very advanced and automated everywhere. Just wait for all the pits to be abolished and then we are finally there.
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Most pits are already dead, they became electronic a long time ago, but even then, the algos flood the market with all forms of 'non paper' transactions, which means the portion of the pie to be made by local (or any form of smaller time-frame) traders is smaller and smaller. The money there now, is not nearly as abundant as what was apparently there years ago. Read the article on 'the flipper' Paul Rotter, which is relatively new, that is nothing compared to what is happening now in order flows.
Of course, position/swing trading on larger timeframes won't be affected much at all, but then again, there isn't the 1000s of % a year to be made position trading so you need a much bigger account.......
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As a rule I am cautious about clicking any link that has the words 'horse' and 'semen' in it.... but i'll do it for you just this once
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How new is relatively new? Like trader monthly still alive new?
http://www.trading-naked.com/library/paul-rotter-trader-monthly.pdf
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Yes, something like that. 04 and they seeing 'the flipper' and auto spreaders are coming into their first markets.
A few years later and algos are a wash throughout global markets with huge sums of money to back them. I would like to see how much 'the flipper' makes in comparison to what he did make........
Not long in my book.
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True, would be interesting to know what his performance figures are now these days.. will see if I can get a his fund prospectus to start with.
Interesting how we went up 250 from the greek news last thursday.
Seems the sky didnt fall starting with greece.
The pros must view these news events as dip-buy opportunities.
And now the media stories about europe are starting up again.
Whenever I read 'unnamed sources' in europe stories, I wonder who they are.
Seems the sky didnt fall starting with greece.
The pros must view these news events as dip-buy opportunities.
And now the media stories about europe are starting up again.
Whenever I read 'unnamed sources' in europe stories, I wonder who they are.
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Whos up for an nice fri fade?
Kryzz
shaun
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Does anyone take into account XJO/SPI statistics when trading? I've been having a play around in excel a little bit and tried to figure out stats which may be of any help, ie, the % of times the index closed x times higher.
For example, the percentage the XJO has closed higher 2 consecutive times sits at 27%, could this be reason to go short on day 3? (i.e. there's a >70% chance the index will close lower? (this data only goes back to late 2001, in the process of getting more historical data this week). We've now had 6 consecutive higher closes, surely the index has to fall tomorrow right?
Sorry if this post seems a bit of ramble just thinking aloud, statistics coupled with other analysis, does it help? (attached is the excel file i'm working with, could be totally wrong tho)
Cheers,
For example, the percentage the XJO has closed higher 2 consecutive times sits at 27%, could this be reason to go short on day 3? (i.e. there's a >70% chance the index will close lower? (this data only goes back to late 2001, in the process of getting more historical data this week). We've now had 6 consecutive higher closes, surely the index has to fall tomorrow right?
Sorry if this post seems a bit of ramble just thinking aloud, statistics coupled with other analysis, does it help? (attached is the excel file i'm working with, could be totally wrong tho
)Cheers,
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For example, the percentage the XJO has closed higher 2 consecutive times sits at 27%, could this be reason to go short on day 3? (i.e. there's a >70% chance the index will close lower? (this data only goes back to late 2001, in the process of getting more historical data this week). We've now had 6 consecutive higher closes, surely the index has to fall tomorrow right?
Just because we have had 6 higher closes makes it more likely? I'm pretty sure its still a 70% chance every time it occurs, just because it hasn't done it the last few times doesn't mean this time its definitely going to, its still the same chances, 70% last time, 70% this time, doesn't build up because it didn't do it last time.
Thats how I see it anyway.
Trembling Hand
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what a joke this thing is.Similar threads
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