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This is like any other average down method or progression type betting system. The theory is that 1-of-4 trades will win, but when you go 0-for-4 you will feel the pain. If you have a sound method, you should never average down. If this money-management technique works in the long run...

I was short ES01Z. I had a profit target buy stop 1142.75 (one tick above low of opening range) and a buy limit at 1141.75 (three ticks below opening range, I was playing false breakout b/c SPX.X did not break through its lower channel). LOD was 1140.50. This occured about 1:30pm. ES rallied...

Yeah, but what happens if you find out tonight that you got filled after all. That's the main reason I'm so upset, if IB can't even verify if I'm net long or short, I can't offset my positions with another broker. IB did everything possible to drive me to find another broker today. They...

Def, the problem is when IB starts handing out fills after the market closes when many traders have already made additional trades/offset their positions, then one can only think the worse. There is also no excuse for being on hold 30 mins when calling the help desk. Hire more customer...

tymjr, what charting platform you using? That graphs are neat. I like them.

Not to mention that if you're really concerned you can place stoploss on Globex overnight to help sleep easier. Although I would only place stops farther out than normal as the low volume on Globex at night sometimes it seems people are pushing the market around to trigger stops. Normally I'd...

It depends on your time horizon and risk/reward. Fixed profit targets can be very lucrative. Say you are looking at 2-3 min bars and are using a short-term RSI to enter/exit trades. A good stop loss is a one or two bar low, and a good profit target is the truerange of X bars where I usually...

I couldn't get an answer from IB whether my stops were filled or not. I tried both the phone help desk (on hold 30 mins) as well as the live chat. The live chat person was especially stupid. They couldn't tell me anything, not even what the nature of the problem was, was it just IB, was it...

Scalping, meaning less than 4 ticks I would agree with you 100%. If you're going to try and scalp, get enough capital to scalp the full SP. The min tick size on eminis will kill you. But if you're looking for short-term, say 2-4 pts (i.e. 8-16 ticks), there are a lot of players doing well...

[1] Some traders use very extensive mathematical models to predict price movements (chaos theory, neural networks) [2] Some use complex but understandable to most college graduates who have taken calculus (intermarket spread relationships, option model pricing) [3] Some traders use...

Just create a proven record of good results, sound methodology, strong risk management over time, and the money will find you. You need to make sure you have a system and methodology that works first. And you need to trade your own money first. Usually what happens when you are even...

That is CRAZY. IB/Globex went down at 13:12 and back up about an hour later. They sent this notice 1.5 hours after it was back up?? What if you offset position with another broker and/or made a trade immediately when Globex came back up, now they distribute fills after-the-fact? I bet that...

In tandem, yes, but exactly no. You will get small divergences between the ES and SP. There are plenty of arbs so the difference will never be a lot, but if you take a look at any intraday chart, you'll see support/resistance and breakouts that occur on one chart, but not on the other. This...

IB's Globex connection went down today for over an hour, during which time two of my stops were hit but never filled. I called the help desk and was put hold for 30mins. There was a recording that said "sorry Globex is down" but I suspect it was only down for IB. Then I went on live chat and...

And another question- what happens if I'm not at my desk and my sellstop was hit, if IB's "interface to Globex" is down does my stop order get placed? Probably not. This is a totally unaceptable risk, even if you did have another broerkage account, if you were just trading EOD this happened...

So IB/Globex is down, now what? It went down at 1:13pm EST today, right as my sell stop was hit. IB says I'm net long, but I should be net short, but I'm not 100% sure. I call the help desk and have been on hold 30 minutes, there is a recorded message that says Globex is down. I could...

Well for one a lot of people are watching the gaps, so there's the self-fulfilling prophecy thing. But more importantly, a lot of people enter/exit at the gap when all their stops are hit on a gap move, so you have a lot of people who enter/exited at the same price. E.g., if S&P closed at...

Good info, as always, Don, thanks. I figured there was a lot "discretionary" trading involved, otherwise if it was just a valuation technique then everyone would be doing it. Do you have any strategies/war stories for pairs trading when catastrophic situations hit one of the legs, like PVN...

I can't take credit for that chart, it's from a guy named Michel and that's his website. He runs a Yahoo group <A HREF="http://groups.yahoo.com/group/enthios">enthios</A>. I also thought it was very neat.

This may be of interest too <A HREF="http://www.enthios.com/trading/carta_diem.htm">http://www.enthios.com/trading/carta_diem.htm</A>