The chat room used to be very active, but has, of recent times, fallen by the wayside due to lack of enthusiasm. I used be be there every day, but, sadly, work commitments means I can no longer be there. If you want to get in there and take a hold, be my guest. I'm sure you will generate an immediate following. We always used to post our trades in there and the reasons why ( sometimes) and it was great fun.
I see a lot of you use indictors trend lines moving av. and most traders wait for they magic indictors to turn up to go long, did you know pit traders know where the head and shoulders are when macd go in to positive or negative which gives the public they signals, also the market makers know what all the public traders are looking at,
plus new traders ignore the cost, example lets say you are a 1 lot trader and trading the $5 mini Dow future OK if you just place 2 trades a day and commission cost you $12 round turn that's if you luck most newbes get charged $15 to $20 to trade 1 lot, anyway you trade 2 times a day comm. $15 over 5 days commission cost would be $150, you would need 30 points profit in a week just to cove cost.
I disagree that market makers know where all the values are. They can't, take MACD for example at anyone time the same indicator take be showing both buy and sell signals.
What I do believe is that market makers know where the market orders are and take price to those levels in order to do there job i.e. fill orders
$15 a round trip for the Dow is massive. IB charge I think $5!