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Holy crap! We went up 65 points tonight already. After the Euro FOMOs come in to do their bidding, we might go up to 100 before the US opens for business. :wtf:

Dude, the bus left without you. It ain't coming back (and I know you ain't happy) :) From 10/3 close to 10/4 open = 50 points And we've already ran up 30 points tonight. 20 more to go.

Damn, FOMOs (MOFOs? What's the diff?? :D) are finally jumping in. At this rate, we just might see another 50 point gap by the open.

Jesus, you're one sino wingnut!

Another loner in his mom's basement with too much time in his hand. Please tell me why all these people never get tired of criticizing others' strategies when in fact theirs is probably no better? If it is indeed better, they wouldn't be here for validation. NO MORE VALIDATION!

On 10/4, it gapped up 50 points. Not saying that it will repeat identically, but there's a good chance the FOMOs will jump aboard tonight to catch whatever is left.

Well, as you can see from below, the two don't add up. From C2 I wasn't sure if it's based on Chicago or New York time, so I've included both charts for comparison. You will notice that the entry price lies outside the range (high and low) of both bars.

You're right. The prices on the chart don't line up with the timestamps on C2. But what timezone is that timestamp? Chicago time?

And I often wonder how your rational brain works. :rolleyes: o_O

You're too timid, aim for something higher, like 3800. :) Also today's bar looks pretty identical to the one on 10/3. They both opened at about the same level and reached a similar HOD.

IMO we'll very likely retest 3820 before reversing. And if we get lucky (eg. Powell opts for 50 pt rate hike) we could even see 4150.

Here she goes. Let's see how much juice she got

Yeah I got this one as well.

3720-3725 sounds about right to me.

Thanks guys, appreciate the explanations. I hope (one of these days) they will bust the monopoly wielded by CME.

Since I don't actively trade metals other than gold, I'm not at all familiar with this turn of event. But when it comes to counterparty risk, doesn't that also apply, if not more, to equities? There will always be some form of risk in all instruments, and I just don't see the rationale that...

You seriously expect me to believe that (nonsense)? The world of commodities isn't only congregated by speculators. There are also the whales. They are the big hedgers, like multinational conglomerates, hedging themselves against shock future shock. When all is considered, liquidity should not...

ECNs and dark pools have been available for equities for well over 20 years. Why are they off-limits to futures market? Considering that CME, which also operates NYMEX and CBOT, is practically a monopoly, isn't it about time?

Speaking of neutrality, I know for a fact CME is not neutral. Back when I first started trading, the floor traders were the gorillas. With the advent of Internet, they faced their extinction. And CME did their best to make that happen. Now they're floating the idea (and have since filed with...

But you say that in all your posts. :)