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Agree and good post nitro.

I call nonsense on nononsense. Dare I say it but all traders and systems manage open positions. In my book that is the primary job of a system or trader once a position is open.

I can't really advise you because I approach things differently. But for me understanding my own weaknesses and devising an exit strategy that works off from my strengths has helped me. Also, through repetition you can train yourself to react differently. My primary function as a trader is to...

What is a pseudo arb? Can you provide an example?

Thanks. Yes knowing position is crucial. You might want to check out this thread on the slow MKT order problem if you haven't seen it already, particularly the comments by Mr NBBO: http://www.elitetrader.com/vb/showthread.php?s=&threadid=48040&perpage=40&pagenumber=1

Miami, Can you elaborate on this a bit? NBBO posted something similar on slow market order fills in a prior thread. As far as I know using a LMT order is the solution to the slow MKT order problem. Is this slowness that you experienced with the IB simulated market order or with a limit...

Instant fill and 3 seconds to report a fill or 3 seconds before filling an order? If it is really 3 seconds to execute then the market isn't what you see is what you get. def wrote:

I have a momentum system that I trade off from on occasion. I have to monitor the market for the right conditions - wide swinging, and typically the system's profits and losses are a good indication of what future signals will bring. Over time the system has shown to be about break even. Can you...

The ides of the summer doldroms?

I tried out the room "trading from main street" or something like that a while back when it was getting started and during its free phase. I was impressed at the amount of time Brandon and Toni put in chatting after hours. The low level of the chat room participants (newbies worshiping) put me...

Banjo and qaz have it correct. It probably boils down to fear and a desire to control risk. Think about where you're coming from: a tightly structured world where short term controlling risk and banking profits is paramount. Think about where you're trying to go based on your method's...

Pabst, Thanks for that information. Is there anywhere on the CME's site (or do you know the #?) where I could find out the # of market makers for each market? Specifically I'm interested in EUR GBP CHF.

You're seeing preopen - note EUR bid/ask are equal. Open confirmed at 10:45

Looks like the preopen must have started at 10:30, open at 10:45? Can anyone confirm?

See this thread: http://www.elitetrader.com/vb/showthread.php?s=&threadid=49621 Last time preopen was 10:15, open was 10:30 AM Eastern time. Have they annouced the reopen times yet?

Last time this happened, I had the same issue - order in then system went down. I called my broker - they called Globex and confirmed no order was in their system. You might call your broker to confirm if your order is on Globex and if they can cancel it.

When was EUR added to Reuters? I haven't noticed any change in the past month - it has good liquidity.

It really depends on your account size and needs. This topic has been discussed before. Here are some threads that more or less address your question. http://www.elitetrader.com/vb/search.php?s=&action=showresults&searchid=793441&sortby=lastpost&sortorder=descending

The guy who wrote the review had 30 years experience at Kyudo vs. Herrigel's 3 years experience. As far as Kyudo is concerned, the reviewer has a much better understanding and perspective. However, when I read the book I had no interest in actually learning archery, but more about zen, and as...

yes funds are immediately available when position is closed.