Our friend from Annapolis, Paul the "Animal" sent me this video. Listen to this guy Karl Denninger, cry about the high frequency traders that play in the e-mini market.
Like I told Paul,
Don't listen to this stuff.
The FRO reveals actual buy and sell pressure. Not tape activity.
This guy is whining because he's like the rest of the voodoo traders out there with their silly rules and superstitions. They are 'beat-up' but they don't want to stop running around looking for one silver bullet after another, long enough to figure out the only thing that matters. Buying and selling pressure.
I wish there was 10 times the volume out there than there is. The tick charts would move faster. The FRO formations would set-up quicker too.
Deninger is talking about a few ticks.
Do you want to be a bitcher and a moaner like Karly girl?
Or do you want to clean house on this market everyday and enjoy watching the herd go over a cliff?
Thanks for the video Paul. I've never seen anyone sit there and film the phantom orders like that. It's good to know that even the so-called seasoned people like Karl are distracting themselves with tape watching.
Get your binez' done before this gravy train stops rollin'. You never know what these g'ment gremlins will do next.
Stay quiet and grounded instead of groundup.
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