Happy new year to $$$ !! I know I'm late but its better than nothing right? Started trading gold futures thinking about getting back into equities soon

Eid Mubarak Yak! This winter I will be back trading iA. I like what I've been seeing on this board great trades

Looks like I wont be able to trade for a while now. 12 hour days for me 5 hour classical arabic class in the morning straight to a calc 3 class and a differential equations class 8am-8pm days this summer is going to be rough lol

lol.

Yeah i've gone through that a couple times in the past year or so I'm looking for something a little more in depth preferably in book form especially something that explains the theory/math behind TA

Does anyone have a recommended reading list for TA? I'm looking for books,articles/whatever to advance my learning.

Thanks, very informative I'm a little confused on how you drew the blue wedge though mainly the bottom trendline on it

Great call, if its possible can you explain your first chart in a little more depth when you have the chance?

Finals are finally over for me. One year left to go. Now all thats left is working for the next couple months to get some funds to trade with. Its going to be a long summer

Hong Kong Mercantile Exchange's 1 Kilo Gold Contract To End Comex Gold Futures Trading (And "Bang The Close") Monopoly

http://www.zerohedge.com/article/hong-kong-mercantile-exchanges-1-kilo-gold-contract-end-comex-gold-futures-trading-and-bang-

Damn the CME must be pissed.

Does anyone know why silver is just getting dominated? It can't just be the margin hikes this is just ridiculous

Their $$$$ but I wouldn't even get to trade for a minimum of like 6 months. By the way I saw this on my schools job board system looks like a scam though http://www.pataktradingpartners.com/ I applied anyway and they said they would let me do the combine for free you think it would even be worth to go through with it?

Yeah its all about having the lowest latency

Personally i dont think that will happen too much goes into it. As for it being forbidden in the future I highly doubt it but who knows

My understanding of HFT:

Ok so some background real quick, I've been developing a HFT system with a few people from my school (CS guy and a probability theorist) and I've talked to financial engineering professors at length about HFT. The kind of HFT that I semi-understand are algos that use statistical arbitrage. Basically these algos use a high frequency data feed with all the orders included something like a Nasdaq ITCH feed. Taking all these orders they are able to reconstruct the limit order book. They take the order rates for everything cancellation buys sells how many ticks away etc. and run a bunch of calculations based on complex probabilities. So after doing all that they are able to calculate the probability of the price going up by 1 tick and the probability of executing an order before this happens. Some even take into account how their order will affect the orderflow. What they have then is a system that can execute roundtrip trades extremely fast <1s which is way faster than someone manually trading can do. Again this is only one type of HFT and they are way more complex than what I just said but hopefully someone got a better understanding of how they work/ what they try to do

Thanks Yak now I'm stuck do I take a Trader Trainee job a firm or just trade for my self? Im having trouble deciding what to do it sucks lol

2 more weeks and I'll be trading again cant wait to get back in the room and trade :)

Going to be a great game hopefully there will be more than one goal

Maybe you can get a couple cents if there is a pullback but i think silver moves higher the spot price and may futures are at 40.6

Thats dangerous I wouldn't want to be short silver or gold right now

Check out SPY put/call ratio

Done trading until may for me :( hopefully it will be better no school to worry about then.

Yeah insider trading

Waiting on DRYS earnings hopefully make up some losses from today but i think i might be out for the count

It happens Yak there is no way you could have known about the FDA news or even expected that big of a tank. I know I didn't think it would tank that hard.

KV.A wiped me out for a while probably cant trade until may :(

Thanks man, hopefully its just a cold. Damn roommate getting me sick lol

Sick day today for me hopefully I'll feel better tomorrow and will get to trade looks like I missed out on a couple plays

thought that spy would bounce got rocked on tna looking for a bounce in the last 15 mins

Did you short that pos

Good day indeed although it is the last day of spring break for me, back to the daily grind starting tomorrow

I was green in the morning got back from friday prayer and then it was downhill from there never trading on fridays again lesson learned.

I was red today too :( i told my self i wouldnt trade today started off green ended red not a good day

good call

I'm so pissed that I couldn't play RIMM. EBIX a possible play for tomorrow?

RIMM big pullback

I hope i can play RIMM a/h today gotta go give my deposition for a car accident from two years ago lol hopefully it doesnt take long

today was a very bad day for me :( hopefully tomorrow will be better

I hate watching cramer but as soon as he goes on IRDM starts going up lol. I hope he pumps this to $10

RHT is just ridiculous +$4