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My Thesis on Tape Reading
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My Thesis on Tape Reading

  #31 (permalink)
Market Wizard
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FesxEurex View Post
...Buy Sell to themselves is one way of looking at it...

"wash trading" is considered a illegal practice in the u.s.

but then again, if caught penalties are normally not terribly high

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  #32 (permalink)
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Silvester17 View Post
"wash trading" is considered a illegal practice in the u.s.

but then again, if caught penalties are normally not terribly high

Very interesting topic!

I have long realised that they Buy Sell to themselves or how its explainable that E.g the ES, made his new highs mostly after RTH, like the new ATH during the current night session?

I think "wash trading" is virtually undetectable. E.g. one firm uses two HFT systems or ownes a second arcane offshore company.

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  #33 (permalink)
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FesxEurex View Post
Their is lot of myth circulating from HFTs about only capturing the bid ask and not being present in volatile market and you should not worry about them but if you watch DOM then you will find these patterns which can tell you the signature of them in market and can gain from it immensely.

How do you intend to profit from what you've observed?

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  #34 (permalink)
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Silvester17 View Post
"wash trading" is considered a illegal practice in the u.s.

but then again, if caught penalties are normally not terribly high

CME dont allow buy sell to same account they restrict it. But can you have 2 HFT linked accounts.

From the link on scribd Posting again for lazy traders like me who don't want to dig deep or press breadcrumb links - Exploratory Trading Job Market Paper

"As a group, the 30 HFTs in my sample achieve size-weighted average aggressive order performance of $7.01 per contract. On an individual basis,nine HFT accounts exceed the relevant $6.25 + fees profitability hurdle, and each of these nine accounts exceeds this hurdle by a margin that is statistically significant at the 0.05 level. One of these nine accounts is linked with another HFT account, and their combined average performance also significantly exceeds the profitability hurdle."

Good Luck Trading!

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  #35 (permalink)
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ValueFocused View Post
How do you intend to profit from what you've observed?

By Selling

Good Luck Trading!

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  #36 (permalink)
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FesxEurex View Post
By Selling

Good Luck Trading!

So your thesis is that this kind of move should lead to reversal? How much of a reversal relative to the move? Have you tested/been trading this profitably?

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  #37 (permalink)
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ValueFocused View Post
So your thesis is that this kind of move should lead to reversal? How much of a reversal relative to the move? Have you tested/been trading this profitably?

Tape Reading is an art not an science.


Good Luck Trading!

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  #38 (permalink)
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FesxEurex View Post
Tape Reading is an art not an science.


Good Luck Trading!

I know you think you're blowing me off, but you just come across as not having a clue of what you're doing.

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  #39 (permalink)
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ValueFocused View Post
I know you think you're blowing me off, but you just come across as not having a clue of what you're doing.

I cant help if you think that way!

Wyckoff -

"It is an art in which one can become highly expert and more and more successful as experience sharpens his instincts and judgment and shows him what to avoid."

Good Luck Trading


Last edited by FesxEurex; November 18th, 2013 at 09:48 AM.
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  #40 (permalink)
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FesxEurex View Post
I cant help if you think that way!

Wyckoff -

"It is an art in which one can become highly expert and more and more successful as experience sharpens his instincts and judgment and shows him what to avoid."

Good Luck Trading

Yes, but even an artist can explain how they do things, or their thought process. You are being vague because it covers up a lack of, well, knowing what you're doing.

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