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Sounds like the OCX is somehow becoming unreferenced. Are you saving before you exit? Are you using a trial version of VB that doesn't allow you to save references? Are you deleting the reference or renaming your OCX object? Did you switch from using no index # on your OCX to using an index #...

Yes the reason a scalper likes to exit all at once is because a scalper typically doesn't want to hold through a pullback. A pullback might take all their profits away because the "usual" scalp is a relatively small range operation. However if you are an intraday position trader you pretty much...

Ok holtsberg answer me this: Who is the moron, the one who posts blatant disinformation in an attempt to be funny, the ones who identify the disinformation or who don't think it is funny, or the one who snipes with a 2 sentence post? At worst I have no sense of humor but this does not make me a...

Do you actually believe any of what you just posted? I was going to rebut point by point but frankly the post above contains more disinformation word for word than anything I've recently read.

This is true and this is a way to infer when IB's datafeed is slow. Between ES and NQ and during RTH there will pretty much always be an update in one of the fields, such as bid/ask size EVERY SECOND. When you see a break in the regular 1 second rhythm you will know you are experiencing some...

I like your comments. What has helped you approach the market in a selfless or unselfish manner?

Just a reminder, today was quarter end so we have new limits for the next 3 months (same as the old for ES). ES 5% 55pts NQ 5% 70pts http://www.cme.com/news/shownews.cfm?NewsItem=00006FC7-9B54-1CA3-B13780EDBEFB0000 Also as quarter end always seems to catch some people off guard, be...

You will really have to use trial and error when learning to scale out of positions. I started off with a hard and fast profit target, but determined that by doing this I was leaving the majority of my profits on the table. So I switched to using my feel for when the market is about to react to...

This is my observation based on ES. After you are positioned in your profitable open position, the exit is far more important than the entry. :) The rules of exiting that I use are not hard or fast except that once a profit has gone x in my direction I will take a profit out of it and not let...

No an exit strategy is not the holy grail. It is one piece of a trading strategy that can give you the edge if it has a positive expectation. If you only enter into losing trades you will have a hard time making anything but a stop loss. The holy grail is the combination of the right trader's...

Like Archangel mentioned, you are liable for all your losses in the markets, even if they are greater than your account balance. Let's look at this from a historical perspective. Since the price limits were introduced we haven't had an instance where a motivated seller (assuming you didn't...

Actually my math was off. 4pts *$50/per car = 200 not $250 but it still gets you to $1M. And while I'm on the subject, trading 20 cars at 5K margin per car means you would be taking an account from $100K to $1M. Some might argue that $5K/car is not enough and $10K/car is more reasonable in...

My apologies if my post offended you. When I was in 4th grade I had dreams of winning the spelling bee. But alas, my dreams went unfulfilled so I guess I had an uncontrollable urge to spell it out.

Ok everyone zip up your trousers for a minute. This thread is getting a bit heated. Even the usually jovial tom_p is fixin for a duel of words. Here is a formula (not the only path) for making $1,000,000 trading EMINI ES contracts over a year's time: Trade 20 EMINIS day in and day out...

Until the paperboy comes after you. Ever seen "Better off Dead"?

Just a reminder, tomorrow is the last day of the quarter (since Friday is a market holiday) so limits will be set off of tomorrow's closing price. Unless we have huge swings we should have 55 pt limits for ES and 70 pt limits for NQ for the 5% limit level. To calculate the 5% limits take the...

Although the initial scenario is not based on an actual experience of mine, it is similar to some that I have had. The variation that occurred today was: See what looks like Pattern X set up for the buy. Buy and watch it go up a small bit. See Pattern Y setting up (indicating a sell) and...

This reminds me of my experience yesterday. I was talking with a couple of traders about the market action and noticed that I was really angry and stressed out just listening even though all they were doing was talking about the actual moves. I finally realized that even with the market closed I...

Thanks Nitro, that gives me a lot to think about.

I'm not particularly looking for any kind of answer, just good solid analysis of the situation (like you provided). I have some ideas of my own about the scenario but that doesn't make my ideas any more right than anyone else's. I'm really looking for new perspectives on this scenario, and...