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interesting article springheel...springheel_jack wrote:You might enjoy this post on HFT trading at slope by BDI:SWalsh wrote:HFTAlert posted this short video of 14:22 time and what the machines were doing, but not trading, to move the market. If you want to control your positions with the risk you think is there then this practice of quote stuffing must be stopped. The SEC is strongly considering a time that the quote must remain in the system which will cut down on this practice and help to free the mkts from the manipulation you have been witnessing where they never have a losing day:
Click button to play...and then go to the online form below and demand the practice of 10,000 fictitious quotes at 10,000 a second be stopped:
http://www.hcmi.com/qs1/qs1.html
http://www.nanex.net/aqck/2804.HTML
Petition to stop this. NANEX, who first noticed the extent of this practice that was a well kept secret, is helping to make this happen.
http://www.nanex.net/Research/QuoteStuf ... anned.html
Please visit the NANEX site and click the links to ask the SEC to stop this practice or you will have no interest in the market as there will be none.
http://slopeofhope.com/2012/02/the-borg ... .html#more
But the real question is, and we don't know the answer, is who has waited this long, and in some cases lost 50% of capital, to stay with Dr. Bob? While maybe they want to get it there to make a point, I'm strained to believe that there's anything worthwhile such as 5% of the open interest of the S&P futures as well as SPY shorts sitting at that level to get out. If anything ruined EW Theory as an oft looked at methodology it's Prechter, who foolishly went to every media request to call for a drop when they wanted him to appear. I can't imagine someone on a trading desk at a morning meeting asking "who has last night's EWI report?". The most highly paid guy there has to be in marketing. He probably generates the income that pays for Prechter's and Hochberg's bodyguard!soku wrote:div everywhere. the best case for bulls is to correct overnight, then rally tomorrow. the target you know is 1361.
support still at 1330-1331 es
I'll do my best to try to get specific answers, if there are any, by the end of the week in a form that is readable.jarbo456 wrote: i'm looking for an article that truly outlines how these HFT #1) get plugged directly into the quote system so that they can clog the bandwidth 2) exactly how they profit by clogging said bandwidth...although they don't make nearly as many trades as they quote, they do make SOME trades...how do they decide which trades to make.
I don't think Prechter's ruined EW theory. I think he's just demonstrated that any form of analysis works best when you start with evidence and work towards a conclusion, rather than starting with a conclusion and looking for evidence to support it.SWalsh wrote:But the real question is, and we don't know the answer, is who has waited this long, and in some cases lost 50% of capital, to stay with Dr. Bob? While maybe they want to get it there to make a point, I'm strained to believe that there's anything worthwhile such as 5% of the open interest of the S&P futures as well as SPY shorts sitting at that level to get out. If anything ruined EW Theory as an oft looked at methodology it's Prechter, who foolishly went to every media request to call for a drop when they wanted him to appear. I can't imagine someone on a trading desk at a morning meeting asking "who has last night's EWI report?". The most highly paid guy there has to be in marketing. He probably generates the income that pays for Prechter's and Hochberg's bodyguard!soku wrote:div everywhere. the best case for bulls is to correct overnight, then rally tomorrow. the target you know is 1361.
support still at 1330-1331 es
It's been explained to me that when the term HFT is used it refers to those machines placed directly beside, and attached, to the machines sending out quotes.dcurban1 wrote:They pay for server access. In other words the large algos pay to have their servers placed right next to the NYSE/Nasdaq servers with a direct line between the two. That cuts the time down to milliseconds. All the funds do is upload the code and let it rip from their offices. They have no idea what trades are being done, all they see in the office is a P&L.
Wasn't there a 'big' turn date last Dec 27? What exactly is a turn date? I mean besides a guess as to where the market will change direction? Thanks in advance.dcurban1 wrote:I see a small turn date coming up that would turn down for about a week then another turn leading us to a top in mid-March. The mid-March turn date is the biggest one to me.TraderGirl wrote:Tomorrow there could be exuberance about what happens with Greece....Looks like Cobra has a target of 1355ish...which could be met tomorrow...but do we begin to sell off later in the day...??
Feb 10th is still a turn date, supposed to be a big move...I am assuming down...but we will have to wait and see...could go either way with this market, but with the market about to hit new highs and considerable resistance around 1355, it has more chances of rolling over. Transports have been underperforming here, and utilities decoupled from the market on Dec 30th, utilities pulled back, while the rest of the market took off. Utilities sometimes taken as safe haven, now starting to bottom, and had a good day today. VIX and SPX both up, which can indicate a trend change. Chart comparing Transports and Utilities. Utilities finding bottom, transports finding a top...????
You have called everyone here a HS dropout and a disillusioned loser and you expect people to reply to your questions when you mock them?thanos wrote:Wasn't there a 'big' turn date last Dec 27? What exactly is a turn date? I mean besides a guess as to where the market will change direction? Thanks in advance.dcurban1 wrote:I see a small turn date coming up that would turn down for about a week then another turn leading us to a top in mid-March. The mid-March turn date is the biggest one to me.TraderGirl wrote:Tomorrow there could be exuberance about what happens with Greece....Looks like Cobra has a target of 1355ish...which could be met tomorrow...but do we begin to sell off later in the day...??
Feb 10th is still a turn date, supposed to be a big move...I am assuming down...but we will have to wait and see...could go either way with this market <snip>
Does it really matter what university I went to? If i told you I had a PhD from the University of Cambridge would you believe me? By the way, the question that still hasn't been answered is "What is a turn date?". Maybe you can answer with your above average IQ? (You know I'm never going to let that one go!) My point is that people rely on things that they can't even explain to invest their hard earned money. Why? I know i sound like an asshole but challenging people to question their trading methods can only make them a better trader. Would you not agree?SWalsh wrote:You have called everyone here a HS dropout and a disillusioned loser and you expect people to reply to your questions when you mock them?thanos wrote:Wasn't there a 'big' turn date last Dec 27? What exactly is a turn date? I mean besides a guess as to where the market will change direction? Thanks in advance.dcurban1 wrote:I see a small turn date coming up that would turn down for about a week then another turn leading us to a top in mid-March. The mid-March turn date is the biggest one to me.TraderGirl wrote:Tomorrow there could be exuberance about what happens with Greece....Looks like Cobra has a target of 1355ish...which could be met tomorrow...but do we begin to sell off later in the day...??
Feb 10th is still a turn date, supposed to be a big move...I am assuming down...but we will have to wait and see...could go either way with this market <snip>
One person you mocked, "57Chevy", posted that he has an MBA from a top school. I think it was the University of Chicago.
And what is your curriculum vitae again such that you call the readers of this board HS dropout losers? You seem very reluctant to state it.
I don't see "all this testiness" these days that you speak of, but rather a few isolated incidents. But one guy called the board a bunch of HS dropouts and another guy called me a liar and a lot more via PM when I had the truth in hand. Now why did you, who has "left", chose to make a public comment? It's interesting.99er wrote:Hey folks
What's with all the testiness on the board these days? Not everyone wants to watch a pissing contest you know so please keep things civil; we're in public.
Sheesh. Must be a top.
This is your 7th post here.knurbs wrote:SWalsh-Springheel Jack has been one of the few reliable trustworthy sources of information I look forward to reading each day at his blog.
When you insult the entire board and call them HS dropout losers who can't trade it is the height of arrogance. I will believe what you document. That's all.thanos wrote:
Does it really matter what university I went to? If i told you I had a PhD from the University of Cambridge would you believe me?
That's all a few of us wanted to hear. Now go away.I know i sound like an asshole...