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I saw the ES as 5000 last Friday. Maybe I didn't notice since I was flat at the end of the day. You were right in your first comment. TDA doesn't want futures traders or naive in thinking they can keep them. They kept Penson as the clearing firm and they raised the marigin of the ES by...

No it really wasn't. You are right.

The raised the margin on the ES from 5000 to 6500 over the weekend. CME is still at 5000. IB last look is 5000. I am leaving TOS going to IB or someone else. You are right, they don't care about futures traders. Because with that one brilliant move alone they are going to lose a lot of...

Think maybe underlying cause may be with Penson. Rthetorical auestion: Where would Penson be if it didn't have TOS's future clearing?

Futures margin is going to be increased for former TOS customers or is that TDA's margin for their own original customers? I don't think they are increasing margin for TOS people or taking away any of the futures products TOS customers had. If I am wrong are they on record with this?

I do think TDA is trying to give special consideration for long time TOS account holders that are now TDA account holders. the call us legacy account holders. The Ninjatrader option would be a plus.

Should add there were a couple times I directly emailed Sheridan. Penson pissed me off a couple of times.

Yep. Me too. Staying with them for now, see how it goes. Gone are the days when Sheridan would send me a personal email on some question I had. I didn't send an email to him, he just personally responded. Honestly, I don't see what TDA has to offer me. Penson is still going to clear...

May be some non eventful choppy days, until the market goes nuts again. May not be. Algos or no algos, Monday - Thursday was wayyyyy atypical.

Stop hit at 1175.50 -5.75

Target 1190.

Its a matter of relevance of account size I would think. Someone with a 50 million account is going to look at it differently than someone with a 200,000 account.

Long 1181.25 Stop 1175.50 Target not yet set. One way or the other this will be the last trade of the day. Want a very good week to end a very good week.

I am not one to do stops of =< 2. or really 3 or 4 for that matter. Doesn't work for me. I balance the risk, by lower position size and trade off of longer time frames (except in crazy markets like the last few days where my charts are shorter time frames). I have not found that tight stops...

I thought that if you had a strategy that works (I assumed it did work) with two point stops in a low vol enviroment and not to get eaten up by noise, it would have to be a real short time frame of a minute of two or using a short number of ticks. Sounds you got it down with your strategy...

Got it. Thanks.

This is not a challenge and certainly not an attack. I am really interested to know. When you are using 2 point stops in a low vol enviroment, what chart time frames are you using: 1 minute, 5 minute, 15 minute, # of ticks or something in between or greater?

And the funny thing is we are still at about where we were when we opened on Monday. Got to admit, I love this volatility.

Did anybody short in the last 20 - 30 minutes for a profit? LOL that would have got you only about +10 to +15 give or take - what chump change - LOL. Like I said the other day, "To the moon!" Good times are here again!"

Ammo, I appreciate your comments. New chart and commentary very informative.