Employees for CBOT? I work at the CBOT. I am not an employee of them so I have no agenda saying something that is a lie. Somebody else please chime in on this or am I just wasting my time trying to explain to him.
Employees for CBOT? I work at the CBOT. I am not an employee of them so I have no agenda saying something that is a lie. Somebody else please chime in on this or am I just wasting my time trying to explain to him.
Mcurto, you are wasting your time with this guy. He's still hot about getting stopped out on a 1 lot on a NFP day. Thread here: http://www.elitetrader.com/vb/showthread.php?threadid=92461 Everyone, do yourselves a favor and add him to your ignore list (unless you find him entertaining).
Trigger, I was a local in the Bonds. If there was still an active Bond pit, I'd be there. It's dead. Finished. Over. Price discovery is from the electronic ZB. If your stop is "marketable" then yes the pit will fill it at a competative price. (i.e. without slippage) And yes it's also true that he pit did a better job of filling stops than the screen. But the points moot because literally 99% of Bond volume is in ZB rather than US.
i'm not arguing that the US is more liquid than the pit. volume is alot higher in the ZB. but the total open interest refects both pit and electronic since they are supposed to be same markets.....well, supposed to be untill they fix the mistakes with the large spreads between the 2. when i say a liquid pit i am refering to open interest which is the most important thing. my point is the daily structured charts are much more stable and have much more structure than electronic. electronic mix overnight stuff where volume is about 10 guys in there. i dont want price activity mixed in 3am and have to worry becuase someone sneezed in russia. trading in u.s. markets should be done during day sessions between 8:20 - 2:15 and close. markets need structure. electrnic markets dont have it. as far as "dead and finished" you're wrong. i am still trading it. 4 winning trades in a row since i stopped trading the wretched uncontrollable ZB with erratic stop loss triggering spreads. i am not ignorant to the fact that electrnic markets are the future. but there will always be a pit. humans control machines, machines dont control humans. while there is still a liquid pit i will be there to trade it.
i'm "hot" becuase i am making money since i stopped trading the scam ZB. i have 4 winning trades in a row since going back to the pit. what about you? i'm a happy camper. maybe you shoud rename yourself to losingbondtrader. ha ha.
ummm errrrr. employee for the CBOT and work at the CBOT is the same thing. yes i gues you are wasting time trying to explain to me that you work for the CBOT yet you dont work for the CBOT....lol.do you speak english by eny chance mr "mcurto"?