Thanks for the reply. I had IB on the subject because I wanted someone from IB to answer the question since I have an account with IB but I got the answer that I was looking for.
Say , I want to buy the mini-dow if it moves above 9030. I put a limit order to buy at 9030. If it is currently trading at 9020, can and will my trade be executed at 9020?
Is it different if I'm already short at 9035?
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Can you use SC and QT for futures too or is it just for stocks. I was playing with SC but could not figure out how to change the parameters of the indicators. For example if I want MACD to be 5, 20, 10 instead of 12, 26, 9, how do I do it?
I had the book, it is nothing more than a moving average trend following system. The only time this system works is if the market moves after a long inactivity. I would not buy the book, but borrow it from the library instead and save the money. If you like the book, you can always buy it later.
July Soybean is down significantly from where I had recommended. My initial target was 617 but since it is acting very weak, it could very well go below 617. I would put a close stop and take some money off the table and watch how it is going to act in the coming days.
I had anticipated Dec...
Arizona:
'The futures game' is a must read if you are new to commodities trading. The book doesnot have any trading strategies but the book explains a lot about commodities. There is a chapter on money management that I found to be very helpful.
From my personal observations I've noticed...
Scenario 2 and 3 took place today. Soybean was unable to close above 653, so I'm bearish on July beans. I'd look to short any rally otherwise I'll sell 660 calls. Target is 617.
Long term I'm bullish on corn but I think it is overextended, I'd look for an opportunity to go long at/ around...
Commodities look very strong now but I still beleive that soybean is going to consolidate or revese.
Here is what I'm going to do:
Scenario 1: Soybean breaks-out above 653. I'll wait for a pullback at/around 644-646 to go long. Target: 705
Scenario 2: Soybean doesnot breakout above...
From my calculations july soybeans should see some selling at 640-644 range. Hard to say whether it will reverse or just consolidate at that point. My strategy will be to sell ITM calls and buy OTM calls when prices are in the 640-644 range. Bullish on corn.
Here is the link about the QQQ additions. I am not sure how the strategy works.
http://cbs.marketwatch.com/news/story.asp?guid=%7BA7F60460%2D1818%2D4D6F%2DB548%2DB89A4C67C5E7%7D&siteid=mktw
I am starting this forum to see if anyone can predict which team is going to win the super bowl and by how many points. Please post your reasons why you think the team will win. Your reasons could be based on mathematical calculation, or the position of the planets, or just a random guess. I...