a_gnome
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I can't seem to find where this is. All the details I've seen on their website want funds deposited with them first.
It's well hidden:
https://www.tradestation.com/fees/subscription_op.shtm
I can't seem to find where this is. All the details I've seen on their website want funds deposited with them first.
Jilly,
Just because your system has had a few bad days doesn't mean it doesn't work. With any system you have to stick with it. However, having said that breakout systems have had such a poor run recently, after years of working, there is always the chance that the market is just different. As all those commission grabbing financial advisors say "past performance is no guarantee of future returns"
http://www.newscientisttech.com/cha...don-gekko-makes-way-for-trading-software.html
the June 2nd edition of New Scientist covers the changes in trading, especially the advances in algorithmic trading.
(full article by subscription, but I got the mag yesterday)
overview:
10 yrs ago, algo-trading was almost non-existent, but now 1/3 of all US trades are automated. by 2010, projections are for 50% automation.
Deutsche Bank in London automates 70% of its spot currency trades right now.
article goes on to explore the advances in algo-trading, as any advantage loses its edge as competitors catch up, necessitating (sp) the next advance.
some banks pay big money to have their (proximity) servers physically closer to the exchanges servers, so that the "electrons have less distance to travel" eek: ) and get faster execution.
mention is made of "stealth trading" using VWAP.
also, to keep an edge trades are made in small increments to prevent others finding out their intentions.
but, other algos monitor small incremental trades to seek out these very effects.
getting an edge (advantage compared to a tracker) is called "adding alpha". (I like that)
2/3 of professionally funds underperform an index tracker. (we knew that anyway)
one algo-writer origianlly used 8 parameters to make decisions; now he may use upto 60.
also, their is mention of "dark liquidity"; trades made off the exchanges. described as the equivalent of trading on eBay. maybe 15% of trading is like this.
(affects volume-analysis types?)
good article overall - pity we cant get new Scientist to post it in its entirety here.
Well there's been no opportunity to re-enter long so far for me. With more than 100 pips in profit I am trailing a stop on half my core position - I know it's not logical but I don't want to leave so much on the table. I'll still have a core position it's just that it will be smaller than before!
Just my short-term view : The Cable may rise to hit the 1.9965 level, or possibly beyond it in within 1 or 2 days.
I may be wrong though...
.....
Currently long 1.9926.
if it does go through 1.9960 with strength ,hmm cant see why it wont go beyond $2 and even test the high 2.0133. I'd like that to happen today lol.
good entry.
I missed the Long entry at 9921/5. think its gone too far for me for today.
on the sidelines till US open.
fib, looks like 1.9957 and 2.0023 I think thats right ?