[UrmaBlume]

Originally Posted by waveslider »

FWIW, here's my idea of the best method of futures arbitrage - - (the original topic of the thread - now my post appears off topic)

Get a room full of beginning traders, give them some stochastics and MACD and do the exact opposite of what they do.
If 90% of traders go broke, then that should be a slam dunk.

My real point should be that making $ in the markets doesn't need to be rocket science, it just takes thinking creatively.

Strategies with only a few lines of code can make $, and if they do, who is to say that they are "for fools". If I get laughed out of the room (cave) by the secret quants, who cares? Still made $.

My message is that newbies, don't get to discouraged or intimidated by the quants. You can do it if you are dedicated and creative.

Very good waveslider. I completely agree with all of it.

Maybe you are right, lol, maybe I have been spending too much time trying to track commercial speculative trading when fading the public might just be the answer. Arbs world-wide will be PMing you for formulae.

You are again correct when you speak of the value of creativity when it comes to making money in the markets.

Nobody I know, quants or otherwise, laughs at anybody who consistently profits in these markets. They do chuckle sometimes at some obvious loser who is trumpeting candlesticks in a neural network world.

I certainly, and maybe more than most, salute those who are able to use less than optimal methods and concepts to overcome retail brokerage fees and still consistently take money from today's markets.

All that said, the methods and concepts espoused in charts in real time, VSA, profiles, etc., are not state of the art and they are less than optimal for trading in any time frame and those that dispute that fact simply have never seen the inside workings of a real state-of-the-art quant-shop.

Of course smart, hard-working, beginners should not be intimidated by anything written or espoused by anyone, especially me. I applaud up and comers possesed with energy and a spark of creativity and actively seek them out for employment. I do, however, feel the coming pain for those who think reading 2 books and a week on this forum is all it takes to conquer the ES.

While odds of nineteen to 1 against are tough to overcome by anyone in any endeavor, I agree that creativity may be the single most important factor that separates the 5% or less that will taste success from the rest of the pack.

Well Said WaveSlider.

cheers

UB

[Kiwi]

Originally Posted by waveslider »

FWIW, here's my idea of the best method of futures arbitrage - - (the original topic of the thread - now my post appears off topic)

Get a room full of beginning traders, give them some stochastics and MACD and do the exact opposite of what they do.
If 90% of traders go broke, then that should be a slam dunk.

My real point should be that making $ in the markets doesn't need to be rocket science, it just takes thinking creatively.

Strategies with only a few lines of code can make $, and if they do, who is to say that they are "for fools". If I get laughed out of the room (cave) by the secret quants, who cares? Still made $.

My message is that newbies, don't get to discouraged or intimidated by the quants. You can do it if you are dedicated and creative.

Actually, as amusing as this sort of proposal always is, and as amusing as it is that gururu agrees with it - these ideas actually don't work. Once you remove spread and execution costs from it the experiment falls into a financial hole. The only people who can make it work are on the other side of the equation in bucket shops and even they are careful about covering their risks.

The issue with newbies isn't stochs or macds or urmablumesuperindicators: it's that the rest of their trading isn't up to scratch. Otherwise all of the turtles would have been super winners and even Mike Covlll would be able to trade.

[maxima]

Originally Posted by Kiwi »

UB comes across as another indicator seller. He even uses an old sales technique implying that the clothes are too good for his audience.

I still have a hope that he is what he says. Looking for loose talents who hasnt realised their talents yet...

Like a sport team coach would watch a competition in some small remote Scottish village to find a gem. Polish and sell it x20

Seriously UB.. You talk too much.

If you want to find someone you should probably provoke intelligent talks. And not to pour your contempt and despair onto the heads of other people.

I am not with you neither I am with them so I dont care either way....

But look from the practical side on the problem... Imagine Hitler or someone with similar attitude to worthless bio-masses succeeded. And all those stupid retards were burned in furnace to produce fertilizers.... Now you are all circled with tall blond guys with nice muscles and all that clear thinking. Now imagine they all are know something about mean reversal, cointegration and all that sh*t... So where would be you then ? Somewhere in the middle .. Would you like so? Stay in a queue for a bowl of soup thinking of Wyckoff? Do you really want to?

Who would your brilliant quant strategies rob in that case?

You will not be able buy even a Tissot for your 60th birthday..Cmon take it easy

--------------------------
Anyway.. I wanted to ask you a question. You mentioned couple of times something what you generaically called more expensive datafeeds. Would you tell - have you tested feeds like CQG and NxCore and what are they like to each other?

I thought NxCore is kinda higher quality data feed but it looks like DTN but with better timesptamps... I know that CQG has better data feed than DTN IQ Feed... What about NxCore? Is it just a nice wrapper to IQ Feed with better productivity and more granular timestamps?

The other question - does CME provide same quality/quantity of real-time trades / quotes to all connected users or there are different tiers of data quality?

I mean - do DTN CQG and TT for instance have same input data on their servers as say Lehman or Merrill?

P.S. If you dont / cant share the information please ignore this message.

[Shell128]

This would be my first post on this forum. I have been watching UrmaBlume's posts over the past couple weeks and as an aspiring trader (honestly, I've never traded a single contract in my life), his posts have given me some good ideas. I can't claim that I will successfully trade any of his ideas, but I do find them interesting and creative. I am posting here because I certainly want UB to keep sharing his ideas. I have no idea what you mean when you advise him to "provoke intelligent talks". As far as I am concerned, he has posted some of the most thought-provoking ideas on here. I have partly implemented a trade intensity indicator and the intensity spikes do look promising although it's not fully developed yet -- needs more filtering. I have had a couple brief messages with him and both of his responses were encouraging without giving away anything proprietary. So UB, please keep posting, I'm listening and thankful that you are here. Also, you insult him a few times, ask him questions, and think he will answer you???

Originally Posted by maxima »

I still have a hope that he is what he says. Looking for loose talents who hasnt realised their talents yet...

Like a sport team coach would watch a competition in some small remote Scottish village to find a gem. Polish and sell it x20

Seriously UB.. You talk too much.

If you want to find someone you should probably provoke intelligent talks. And not to pour your contempt and despair onto the heads of other people.

I am not with you neither I am with them so I dont care either way....

But look from the practical side on the problem... Imagine Hitler or someone with similar attitude to worthless bio-masses succeeded. And all those stupid retards were burned in furnace to produce fertilizers.... Now you are all circled with tall blond guys with nice muscles and all that clear thinking. Now imagine they all are know something about mean reversal, cointegration and all that sh*t... So where would be you then ? Somewhere in the middle .. Would you like so? Stay in a queue for a bowl of soup thinking of Wyckoff? Do you really want to?

Who would your brilliant quant strategies rob in that case?

You will not be able buy even a Tissot for your 60th birthday..Cmon take it easy

--------------------------
Anyway.. I wanted to ask you a question. You mentioned couple of times something what you generaically called more expensive datafeeds. Would you tell - have you tested feeds like CQG and NxCore and what are they like to each other?

I thought NxCore is kinda higher quality data feed but it looks like DTN but with better timesptamps... I know that CQG has better data feed than DTN IQ Feed... What about NxCore? Is it just a nice wrapper to IQ Feed with better productivity and more granular timestamps?

The other question - does CME provide same quality/quantity of real-time trades / quotes to all connected users or there are different tiers of data quality?

I mean - do DTN CQG and TT for instance have same input data on their servers as say Lehman or Merrill?

P.S. If you dont / cant share the information please ignore this message.

[UrmaBlume]

Originally Posted by maxima »

I still have a hope that he is what he says. Looking for loose talents who hasnt realised their talents yet...

Like a sport team coach would watch a competition in some small remote Scottish village to find a gem. Polish and sell it x20

Seriously UB.. You talk too much.

If you want to find someone you should probably provoke intelligent talks. And not to pour your contempt and despair onto the heads of other people.

I am not with you neither I am with them so I dont care either way....

But look from the practical side on the problem... Imagine Hitler or someone with similar attitude to worthless bio-masses succeeded. And all those stupid retards were burned in furnace to produce fertilizers.... Now you are all circled with tall blond guys with nice muscles and all that clear thinking. Now imagine they all are know something about mean reversal, cointegration and all that sh*t... So where would be you then ? Somewhere in the middle .. Would you like so? Stay in a queue for a bowl of soup thinking of Wyckoff? Do you really want to?

Who would your brilliant quant strategies rob in that case?

You will not be able buy even a Tissot for your 60th birthday..Cmon take it easy

--------------------------
Anyway.. I wanted to ask you a question. You mentioned couple of times something what you generaically called more expensive datafeeds. Would you tell - have you tested feeds like CQG and NxCore and what are they like to each other?

I thought NxCore is kinda higher quality data feed but it looks like DTN but with better timesptamps... I know that CQG has better data feed than DTN IQ Feed... What about NxCore? Is it just a nice wrapper to IQ Feed with better productivity and more granular timestamps?

The other question - does CME provide same quality/quantity of real-time trades / quotes to all connected users or there are different tiers of data quality?

I mean - do DTN CQG and TT for instance have same input data on their servers as say Lehman or Merrill?

P.S. If you dont / cant share the information please ignore this message.

Gosh. Thanks. I have so been seeking your inputs.

As to my birthday - It was on 3/17 and was my 66th.

As to your post and your questions - Bite Me.

Maxima looks more like Minima to me.

Cheers

UrmaBlume

PS - I love London -the last time I did business in your city I stayed at Browns, I traded at the Jefferies Desk in Finsbury Circus, I drank at the Chelsea Arts Club and I gambled at the Palms. While some of them may not be today - they were quite suitable then.

[Kiwi]

Pretentious and prat go together so well don't they?

Like merchant and banker

Condescending and twxt?


Enough poetry ... he can't help himself creating an imaginary world where he lives above the plebs. An aristocrat of the industry. Worshiped by thousands. Wow. He's such a man.



Shell128,

The likes of this one don't go away. Well he left a couple of other boards where he was recognized for what he was and chased off. But we're just gently playing with him here so he'll stay here.

You will note however that everything he "offers" is a variation on the same stuff. Just an ego game at the expense of newbies.

[Kiwi]

Ahhh ,,, hes just a sad old man.

I should just let him alone to play his game. Enjoy yourself Urma. You aren't worth my time.

It's a live and let live site - if someone wants to believe in you, the mysteries and the promises, then who am I to protect them. They'll believe in The Secret so why should I try to stop people believing in the secret. It's the internet.

I declare myself off the Urma hunt. If there weren't fools out there then where would the money come from?

Have a very pleasant Saturday America and Europe

[maxima]

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