@kbit thanks for sharing your chart with us.. Great call on calling the mkt bottom today... Looks like your Delta & price action are on the same page now... Im glad to have you share trades & ideas in the room, which makes it more interesting everyday.. I also took one trade today it was 8 ticks only, will get a few tomorrow.. Just wanna be consistent after a few days off..... We have to make up for this week its been less green so far for me.. I cant speak for the rest as I dont know how much theyve made so far......
I wish everyone best of Luck..
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If this is true..it might be good for a lot of people.. but for a few might be bad.. I know what this could mean to trading... casue figuring out the math behind everything was making these mkts move in certain ways..... it was bad & good at the same time... bad for the ones that couldnt figure it out.. & really good that figured everything out & were draining the banks daily.....
Well now we have to see how everything moves after all this.. cause mkt movements are not just simple resistance & support levels...reality is its not...(Im not saying mkt dont respect support & res.. they do but not all the time)if you know what I mean.....
Future will tell
"The crusade against High Frequency Trading which Zero Hedge started well over two years ago, is now coming to an end. Reuters reports that U.S. securities regulators have "taken the unprecedented step of asking high-frequency trading firms to hand over the details of their trading strategies, and in some cases, their secret computer codes." As everyone knows, the only thing of value within the sub-penny scalping HFT universe are the odd nuances in computer code. Which is why its supreme and undisputed secrecy is sacrosanct. As soon as anyone, especially a regulator, has a whiff of understanding how any given algorithm works, it becomes the equivalent of collapsing the wave function: observing the HFT theft-scalping duality in action eliminates the Schrodinger equation associated with any simplistic algo and collapses its "wave function" to a worthless series of ones and zeros. Said otherwise, this is the end for HFT."
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I saw that, will be interesting to see how this plays out. There remains the possibility that nothing will be done and HFTs will still be churning away into the future. There is a lot of money at stake on this stuff and I'm sure they will be bribing congressmen or lobbying or whatever else they might have to do to protect thier "golden goose"
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