I agree with you 100%. For Ken More, and all the other normal ET traders, that make 14 pts per day per contract from laptops in the crapper, is not an issue to be FIFO. For an algo making 1-2 ticks per trade is an issue to get filled in the queue or to hit bids and take offers while 95% of the planet is awaiting for the last quote. It depends it seems from the nature of the edge that you have or not have, and what you want or not want to achieve. Of course, for 95% of traders that pay for it all, nothing is an issue. JW
Tested those 918s again. Looks like we were unable to auction down to the 875s.....before we started to auction back up to the high of the range. I think we may auction back up above the 920s before testing the 875s again. Eventually though, we need that 875 level to be taken down. Hope you are having a fantastic vacation.....it must be to keep you away from ET.
Come to think of it, being part of the 5% group isn't such a bad deal. Think about it, being a Mensa whiz, you're part of a 2% group and the 98% don't pay you nearly as well as the 95% do. But then, you have to make sure you leave your ego in check or you don't get paid!
I think the market is smarter that all mensa membership put together. How many mensa types are successful like Ken More?. Not many I assure you. Just copy Forrest Gump: Stupid is as stupid does, zero ego-centric trades (machines have zero ego), and run faster than anyone else!. I think that may be the key. mmmm. Something to aspire to, perhaps. JW
I notice AMT just posted a bunch of new charts explaining today's action on ChartHub. Maybe he wants us to study the charts and quit bugging him with endless questions. For you NeoTicker guys, has anyone looked at Lawrence's MakeBarFormula? As far as I can tell, it matches the Investor/RT charts almost perfectly.
Because I like to take on the strongest members of the herd to see if I can learn from them. And you self-elected yourself into the discussion, much like you probably do in the markets. JW
Here's the link to all his annotated charts: http://www.charthub.com/chart/author/3720225A9C1E33F6A233F3B4D5BF70C4 JW