Recent content by jules190

  1. J

    Trader Food

    It is neither SPAM nor fishing for business (it's free to signup). Just a web site that I signed up to last week that I thought you guys might find useful. There's quite a few guys at our prop firm on it. It's just a hub for a lot of things you need throughout the trading day (calendar, news...
  2. J

    Bloomberg terminal?

    I use both, reuters is no faster than bloomberg. To be honest you only really need one or the other and reuters is slightly cheaper. If all you're going to use it for is news releases then I'd recommend reuters.
  3. J

    Trader Food

    Hi guys, Just wondered if any of you were on www.traderfood.net? I was going to suggest that if there are a few of us on there we could maybe got a community going and set up a chat room to discuss trading in real time? Also, what do you guys think about the news charts? I've only recently...
  4. J

    Floored

    I watched this version, pretty sure it's the same as movie version. http://www.babelgum.com/floored
  5. J

    Tape reading, Time and Sales, Order flow

    You're right, it should show the 449 when it shows the '4' on the green. Either he has had to reduce the frame rate for the video or the price trades between the bid and and offer so quickly that you can't see it. Like Gecko said, you would be able to see this on the time and sales.
  6. J

    Tape reading, Time and Sales, Order flow

    If you look at the No BS video I posted you can see that the last column on TT has the cumulative for the whole day and then it also has the cumulative amount that has traded at the current price since the last price change, this is what you need. Regarding commissions, I pay about $1.50 for ES...
  7. J

    Tape reading, Time and Sales, Order flow

    It's hard to analyse that video, like you said there wasn't really any volume. From the video it looks like the the last volume traded column only shows the last clip and doesn't accumulate...this would be pretty impossible to use as you would be constantly counting the volume in your head...
  8. J

    Tape reading, Time and Sales, Order flow

    Just read the last part of your post: "I can't really see how the volume traded at that level helps as it's historic - ideally I'd need a number traded at that level for the last movement in price." I use TT and this shows the number traded for the last price movement, this is the important...
  9. J

    Tape reading, Time and Sales, Order flow

    You're looking for a change in supply and demand. So in your example, lets say someone buys 100contracts at market. So they lift the 79's, 80's and trade 15 into the 1's...which leaves the 1's offered for 60 contracts. If someone lifts these 60 contracts and the 1's reload and you see another...
  10. J

    Tape reading, Time and Sales, Order flow

    This is a common misconception when people initially attempt to read the DOM. Looking at the size of the bids/offers on the ladder alone is not going to help you and is not even the most important thing to look at. The most important thing to look at is the the volume that is actually trading...
  11. J

    Tape reading, Time and Sales, Order flow

    This is honestly the best thing I have read regarding trading the DOM. It really is perfect to give you a feel for the kind of things to look for. http://www.nobsdaytrading.com/ I think someone posted a copy of the pdf on here a while back, might be worth a search. There is also a video with it.
  12. J

    Stellar Trading systems???

    Why not just use TT? I found Stellar to be slow to update during volatile conditions, for example during economic releases you may hit what you think is market but the market has already traded through that price.
  13. J

    Trading off of news

    The reason Michigan didn't have much effect is because it was the final reading, never reacts as much as the preliminary. As for ISM, the initial move was because the prices paid component was far better than expected. This is the main thing that you need to be aware of when trading the...
  14. J

    Trading Arcades have had their day

    What is the total cost that Marex quoted you for desk and what do you get for that? Also, what round trip costs did they quote you?
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