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Yes, you can initiate new shorts for Sep, and yes you can cover your shorts. But they won't let you initiate any new longs.

Welcome to ET, jcgcap. While including the overnight action worked well today, it may also negate otherwise valid entry signals. A sideways action overnight/premarket session due to hesitation or uncertainty approaching or at a S/R level for example, might lower the ADX level from where it...

I appreciate no_pm for sharing his method by starting this thread. Thank you. You've detailed several ingredients essential to a solid trading plan. However, I disagree on the volume analysis of the pit SP vs the ES. here's the facts: the CME sends trade size (volume) for each ES trade...

Hi OffShoreTrader, very interesting journal so far. Thanks for sharing. re the above '1-2-3 low breakout', can you describe the method? I see the 1,2 and 3 swing points on the chart, but can't decipher your setup. Thanks. 3dog

AFterburner: That's a great quote. As I read your journal, I regularly find myself smiling and nodding because I see so much of myself in your thoughts, many times thinking to myself, "I know EXACTLY what he means!" It's a very mental game, the toughest I've ever tackled. But the challenge is...

FutureSource http://www.futuresource.com/charts/charts.asp

I got this one from Theresa Lo's new site (this is not a link to her site, nor an advert for her, just giving credit where deserved): http://www.nasdaq.com/econoday/calendar/US/EN/New_York/year/2003/month/08/day/07/daily/index.html

They reported a single trade of 973.10 at 10:57:12. So 973.10 looks correct for that 5 min bar. I say 'looks' because the only way to really know what happened in a market like SP is to be in the pit as it happened.

Per Time and Sales, 10:47:24 a 973.50 trade was cancelled and replaced by a 973.00 trade. (good 'ole pit price reporting!) The low for that 5min bar BEFORE that insert was 973.20. Any data vendor showing the low to be 973.20 for that 5 min bar apparently is not processing correction messages...

Yes, methods and techonology change, and we adapt to survive. But the one thing that doesn't change is PEOPLE. People are the market, expressing their fear and greed through price action. And people's gut emotions (fear and greed) and their reactions to them, are one thing that I for one...

The electronic currency futures are misleading. The CME offers their full sized currency contracts side by side in both the pit and on Globex. These full sized contracts are very liquid on Globex. '6E' is the exchange symbol for the full sized euro contract on Globex. 'E7' is the mini euro...

in the 10 year the commercials are LONG!!!! http://www.softwarenorth.net/cot/current/charts/TY.png

It looks to me that the small specs got long big time last week. The commercials covered and reduced their exposure but are still net short. see: http://www.softwarenorth.net/cot/current/charts/US.png

Here's a chart of the Dec 1987 Bond futures. They had peaked about 6 months earlier in March, and were crashing into the October period. Then note the spike rebound as the Fed pumped money into the system in response to the '87 stock market crash. I'm not saying that it's the same this time...

We've had a runaway one way up long bond market, now followed by a severe one way down run. What does that lead to? nervousness (i.e., fear!) which means tighter and tighter swings, producing a contraction/consolidation period at these lower levels. Sure we're due for an oversold bounce, but...

Just curios: where was your original initial stop? Thanks.

Try entering 'EUR' then choose the Futures -> Month/Year -> Globex from the IB menus. That should give you the larger sized Globex executed contract for the euro.

That's because Globex shuts down for maintainence then. See http://www.cme.com/about_cme/about_tradinghours.cfm

Thanks a bunch!!! I used it tonight for a new laptop. :)

take a look at http://www.briefing.com/FreeServices/fs_bonds.htm