Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Soultrader

[Tape Reading Video: Big Guys vs Little Guys]

Recommended Posts

Here's a question for you Soultrader. Why not use the time & sales of the $10 pit-traded Dow contract (DJ) instead of the YM? I would have thought DJ leads YM and you could also see the really big positions coming through the pit.

Share this post


Link to post
Share on other sites

I think you have to subscribe to that one which I don't, $50 per month for it. It would be a better reading coming directly from the pit. They just introduced the BIG dow ($25 per point), should be even a better gauge of big money. Wonder how that works out. I don't trade YM so it's not for me.

Share this post


Link to post
Share on other sites

On eSignal it's $55 to get the pit contracts from CBOT and $55 for CME - cheap if it gives you an edge. I just added the $55 CME exchange fees to my account so I'll check out the difference between the ES tape and the pit traded S&P tape.

Share this post


Link to post
Share on other sites

Great! Would like to your input on that to see and understand the difference. Electronic volume is increasing more and more so it would be interesting to see how big influence the pit still carries.

Share this post


Link to post
Share on other sites
Here's a question for you Soultrader. Why not use the time & sales of the $10 pit-traded Dow contract (DJ) instead of the YM? I would have thought DJ leads YM and you could also see the really big positions coming through the pit.

 

I never really considered it... isnt the Big Dow not as liquid yet? I may have to look into that.

Share this post


Link to post
Share on other sites

I was led to believe that time & sales of the pit-traded SP would be available but it doesn't look like it is, not in real time anyway. All that's coming through is the prices, not whether it's at the bid or the ask or the size - pretty useless. I suppose you would expect that - it would be difficult to get all that information from the pit to the electronic system in real time.

Share this post


Link to post
Share on other sites
I never really considered it... isnt the Big Dow not as liquid yet? I may have to look into that.

 

It might not be liquid just yet but considering the big boys trade these to hedge or locals trading them would be good indications where big money is moving, i would think.

Share this post


Link to post
Share on other sites
I was led to believe that time & sales of the pit-traded SP would be available but it doesn't look like it is, not in real time anyway. All that's coming through is the prices, not whether it's at the bid or the ask or the size - pretty useless. I suppose you would expect that - it would be difficult to get all that information from the pit to the electronic system in real time.

 

I was told by one the ex-floor trader that the locals are using electronic volume for cues to trade off more and more, seeing how they can manipulate the prices but then again with electronic volume increasing they have to start taking it more seriously, wouldn't you say?

 

It's like looking at the mirror and trying to find out who's the real person making the movement and who's following.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • Descartes     it appears all the lab rats have been killed in here.  can't you just order some more?
    • what % of lab rats can handle this https://off-guardian.org/2020/05/19/10-steps-to-turn-a-pandemic-into-the-brave-new-normal/ ?
    • There is no point asking this question as we know women have now entered most of the fields of business. You might remember this ball busting study which found that women make better investors than men, because they are more risk-averse. 
    • The stock market going up is not a reflection of a healthy economy as created by rationally minded entrepreneurs and investors; it’s going up because the people who have the ability to make it go up also happen to be the ones who’ll benefit from it the most.
    • Landora This thread illustrates a couple of things that humblepieasant hopefully/probably learned 1 day/short term trading is for the few, not the many.  Finding systems that optimize win rate with risks is formidable.  Finding such systems that are also self compatible is exceedingly rare. 2 posting is expensive.  ie It really doesn’t pay short term or long term to give if you don’t got... 3 the need for the kind of “accountability”hp mentioned above is - in a word - transitional.  ie Accountability needs to be turned and referenced inward instead of spread outward... 4 hp would have been much better off trading “a small "live" account through the end of January, then a small "practice account" account beginning February, ... then back live. ... 1 Don’t just look for an edge.  Look for an edge that is also true to your nature.  If an edge is not true to your nature, you will still never be able to make it work consistently. 2 Post what you are learning and see. 3 Post what you are trading and see. 4 See.  ... maybe decades later... All the best zdo
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.