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Most noble Brutus, Your statement is straight to the heart of the matter. However, my hat is off to stevet who has now given me a good reason to utilize the the ignore function.

If you had the IB workstation you would see that it is set up to place trades off the bid and ask. Manually keying in the price is so much slower. If the prices aren't timely, you can lose a lot by chasing with a market order, or by missing a fill (market has moved but you aren't filled).

Yes NQ is only traded on GLOBEX. Your description of NQ's movement is pretty accurate. I personally prefer ES to NQ but then again I've been following the ES for a lot longer.

Keep us posted! I think I'll let someone else beta test this before I give it a try.

Read it and weep: http://www.cmerulebook.com/cmewg/wg.dll?page&file=c5 Rule 557.B. Execution of Orders [/b] Note #4 above says "may be executed" and not "must be executed". The friend *could* trade 350 at a time as long as he did it as 2 or more orders of 250 or less. Whether the friend...

There isn't too much information available on this product, but I did find ONE site on google.com under cme e-quotes other than the CME site that has some information: http://www.caplin.com/articles/wallstreet142002.htm

Something that has helped me transition to holding longer is scaling out of positions. For example, take half your profit where you would usually take the whole profit. Then you have a "free trade" (runner) on the other half (move your stop point to make sure you never take a loss) so then it is...

Thanks for the link. Also don't forget to rank telephone contact high as this is an area IB SORELY needs help.

LOL I think that just about sums it up! :D

[/b] Yes learning about short term trends might be helpful but many scalpers can't see the forest for the trees. If you want to learn the short term trends you should trade like a swing daytrader or a scaliping position trader. Maybe this is what you envisioned by the term "scalping" anyway...

I just want to be sure we're talking about the same software: Globex Trader by the CME: http://www.cme.com/electronic_trading/trading_access/etrading_solutions_providedsolutions.cfm It appears that this is the same software used by globex traders at their terminals ouside the pit. The...

I looked the site over and there just isn't enough information. I grew tired of watching the flash presentation, but that seems to be about the extent of the info. The application seems to be web based. For me the interest is in the data only subscription, and interfacing this into one of my...

Someone could ask the same thing about the purpose of your question.

Yes I would agree that the brain surgery analagy, if nothing else serves its purpose of changing the trader's paradigm and checking our assumptions against an alternate reality. Very nice job Babak. Scalping indeed does require the most precision of any type of trading out there because the...

I was meaning to ask about the globex software, and since you have experience would you mind commenting on it? How does it compare to say IB's trader workstation or other popular trading interfaces and how is the support? Does it allow ActiveX connections (or some other way to connect a custom...

Craigross: Do the dance to: http://www.cme.com/risk_management/clearing_house/fees.cfm and see that round turn customer fees for emini trades are $2.28. Clearing fees ($.39) are only a small part of the total Globex round turn. metooxx is right on the money. If a broker...

Not true. When Friday is the first day of the month, it is the first Thursday of the month, as is today's case. Hope you rolled Dave or you're in for a hectic morning!

Actually it is always the 2nd Thursday UNLESS Friday is the first day of the month (like this month) in which case it is the first Thursday.

Is it just me or is Bono obsessed with marthanyc's picture? Is this how stalking starts?... :D

Very well put DufferDon - couldn't have said it better myself. It looks like it is time to start writing letters to IB's management telling them to offer board support on this board or some other board.