Search results

There was a nice pop AH which I slept through. I have let this go at 61.75. At 8:04 AM. While it looks there is more to go I do not want a position on when I am scalping. GC

I seldom do this and only after I am done scalping. Otherwise it would affect my trading. GC

I took a small long position here in CLM07, 61.27. for some short covering. I have been scalping all day and for the first time in days it feels like it could be a two sided market. GC

Trading on the floor is not as inexpensive as it seems. I used to trade for myself on one of the floors in NY in late seventies and early eighties. (In those years in NY one could not lease a seat yet.) One had to have one's own clerk physically match the trades with the other party's...

promagma, If you visited etfinvestmentoutlook.com you would see which groups/sectors are gaining strength or weakening. Limit yourself to components of the groups/sectors whose ETF is showing exhaustion of the latest swing. Looking at their McClellan Volume oscillator or the ETF...

If AIG is going to take off it is not only because they are cutting corners at the main office but also because they are well positioned on a large scale in China. At some point it will show up in the bottom line. GC

There is a clear rising seasonal tendency in Crude from the first of May until the middle of the month according to http://www.seasonalcharts.com/ (It did not seem to matter this week). After mid-month the tendency is for lower prices until the end of the month. GC

Are we having fun yet? I have noticed that during the recent weakness the discount of June CL to July CL widened to almost 200 points. Looking at a spread chart I see that the spread was near -200 several other times when the market was making swing lows. Would someone please comment if...

Would anyone know how US citizens are taxed on overseas futures transactions? Thanks in advance, GC

I am scalping Crude but I like to have a trade on that I passively manage with resting orders. So, about a month ago I started scale down buying the Yen futures. Looks like it will take longer to take off as I thought but it has been very profitable because it had so many small gyrations. I...

From a post above: "so what worked 3 years ago still works today?" What worked 100 yeras ago still works today. I happened to look over zillions of commodity charts and stock charts from different countries over the years and personally subscribed to services since the late sixties and...

trader151, Thanks for the clip. I also scalp, Crude Oil, and when it is busy at about the same frequency as your series of trades. I heard Dax is a great trading vehicle. Someone started a thread on trading HongKong with IB. I would be interested trading these but I would like to...

I have no clue when it comes to fundamentals and I am reading this conversation in appreciation and awe. When it comes to technicals - June contract - on my 120 minute charts I see that a bullish failure swing triggered Friday that should propel the market for a day at least. At the 8.00...

Here is the link I mentioned above: http://www.nypost.com/seven/04252007/business/street_puts_energy_behind_uranium_business_zachery_kouwe.htm GC

I agree. I have the book turned off. GC

I have been with IB for at least 5 years but I don't remember TWS crashing more then twice. Regards, GC

In a former life I was a floor trader - fast forward decades - and now I scalp Crude Oil futures in front of the screen for a few ticks all day. Sometimes I trade ER2 if trading there is hectic. See my thread:Some Observations on Scalping Crude under Energy Futures. Each market has a...

I was hoping when I started this thread that we would hear from some people in the trenches. In some of the other threads about scalping or VST trading they don't even mention CL. At the moment this market is still under recognized by the trading public. When it comes to game playing...

I used to be a local on one of the NY commodity exchange floors. After fifteen years away from the markets I am a screen trader now, mainly scalping CL and ER2 and and I am good at it and I like it.. There were three kinds of traders on the floor: The broker and his crew - having an...

According to a NY Post article today, as soon as next month. GC