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Im really starting to belive ET is going "down"... 8849 members and growing.... BUT I have a feeling thete the threads were much, much better and Trading oriented when there was less members... In every online bulletin-board or mailing list I've been involved in, as membership increases, the...

What charting package is that? I like the "crisp" look & feel.

Why all systems are based on Full SP contracts? Two potential reasons. If they are showing you backtest data for more than 3 years, emini data only goes 4 years, and wasn't immediately liquid when it was first introduced in 1997. Also, because the tick size on S&P's is only 0.10, most...

Yes, that is why you would use an MIT order if buying below the market. That is how it has always been for sending orders to the trading floor. The point of discussion is that with IB, Tuork can place buy stops below the market and sell stops above the market and have it act as an MIT order...

I place IB sell stops *both above and below the market* Just a follow-up, I did a test today and placed a buy stop below the market with IB for NQ eminis and it was executed immediately as a market order. This is the same treatment it would get if I was sending an order to the floor. In...

"Because you only place MIT orders below the market if you are buying, and above the market if you are selling." That's what's confusing about this discussion. Are you saying that MIT orders can ONLY be placed in this manner, or that this is how you typically use them? Yes, they can ONLY...

Actually, if you call in a stop order, and the market is through your stop price when the order gets to the pit, it becomes a straight market order, not a market if touched order. Correct, this is what I was saying. If someone places a "stop" order below the market, intending it to be an MIT...

I'm confused by this discussion. How can MIT orders have any directional bias if they are executed when touched, from either direction, above or below the market??? Because you only place MIT orders below the market if you are buying, and above the market if you are selling. Hence, the only...

One of the reasons differentiation between stop & MIT orders exist is that before days of electronic order entry, RT quotes, & direct access to trading floor, there is a delay between when you phone in your order and when it arrives on the floor. If your order is to "buy SP 800.00 stop"...

Yes, See definition of "Market-if-Touched Order". <A HREF="http://www.futuresplus.com/glossary.stm#Market-if-touched%20order" target="_blank">http://www.futuresplus.com/glossary.stm#Market-if-touched%20order</A>

No, stop orders are placed in the direction of the trend whereas MIT are placed counter-trend. A sell MIT is placed above the market, a sell stop is placed below the market. A buy MIT is placed below the market, a buy stop is placed above. If these orders are used to liquidate, the MIT...

Trading the Ross Hook is a subjective approach. Ross gives you many guidelines on how to determine/trade the hook, but even he has admitted not being able to create a mechanical definition or systematic way to trade his own hook.

I have seriously checked out the times and prices on the MT chat board and they don't seem to match up precisely... Jeez, I wonder why... Not only that, they sometimes slip and post calls but the stock never touched those numbers at all that day. big oops....

I just got my daily statement and commissions were $4.80 r/t for emini. Very nice, IB.

Enron breaks down the risk components (production, transport, storage, etc.). of the commodities that they sell. They are a producer and market maker in one, hence giving them a huge advantage. There is also a lot of financial leverage that happens in the background, where they have...

G, give Rock a break, he trades with a chat room. They say buy he hits hotkey. They say sell he hits hotkey. Coherent sentences not prerequisite for chat room trading. :p I wish I was up as much as Rock is this year...

I am glad you are having fun reading how I lose my money. lol . :( that's not what I meant. I hope to see you succeed and to learn from you. The pro side is very interesting and I appreciate all the posts from you, Hitman, Don & others, even when we disagree and yell at each other.

Question for you pro firm traders- if you share limit is, say 500 shares & you opened a position with 500, what are the guidelines for increasing your position in one stock before the risk management people kick you in the butt? Also, do you have a limit on the total # of positions open...

I will do a bit of research and then likely sink a portion of my profits into the Jan04 $5 Calls. They are selling for .25. I'm thinking ENE will emerge from bruptcy with some valuable assets that will get picked up. Two years is forever in this market. Just be careful they don't go bankrupt...

voodoo, I believe altering the system in effect that is this guy is doing. Most trend following systems suffer from the problem of multiple whipsaws before a nice trend hits. That is the general nature of trending/consolidation. If you were trading just one system on one market you'd want to...