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After ten days away from trading it was good to pull the first trade off around 7am. The character of the market is the same, used one of the techniques from the play book. CL meandered up into the open, got hit for 20-25 points and started moving up in a very choppy fashion. This kind of...

look on Ebay GC

I scalp CL and ER2, live in New York and also would like to meet other short term traders. GC

I scalp CL and ER2. I am a very visual person and I created a structure for myself to measure market movement so that my decisions are more mechanical since the same patterns repeat ad infinitum. (most of the time we can't believe it's happening again and we miss the move) I use MA' ribbons...

Has anyone heard what is the latest on ER2 migrating to ICE? I am trading ER@ and CL now. I would also be interested in WTC and Brent. TIA GC

I have traded ER2, migrated to CL (see my thread "Some Observations on Scalping Crude")and I am doing more ER2 again as the tension is creating more treadable patterns. I am basically scalping using visual aid and my sense of momentum. It's been hard but I am adapting by trading with volume...

Sorry but I have no clue about the reasons for the larger moves in the market. The people on the Natty Gas thread seem to have a thorough understanding of the fundamentals. I am a technical trader specializing reading momentum. I did notice however that nice ascending triangle on the 60...

This morning many CL traders are mesmerized by action in ER2 which has been truly fantastic so there have not been that much action this morning so far. These markets are a traders dream. Waiting for the inventory report. GC

This morning was a repeat of yesterday, not the swings but how CL ramped up to take out yesterdays high. Sold 5 points over the old high and all of a sudden a large order appeared instead of vacuum. 350 + lots were wanted 6 points below the high and it would not budge. Enough to scare a...

In futures: the leverage is better, tax treatment is better, don't have to pay the fund's management fee(which is built into te share price) depending on the futures the bid/ask per dollar invested is better, in a backwardation situation tons of money can be made on rollovers as...

Sometimes size matters.... This morning between 4:00EST and 5:15EST CLU07 was tumbling down to 73.91. In some short covering it came up to 74.10 or so. When it eased down to 05 I saw a bid line on the TS DOM for 416 lots at even. For one hour the price has bounced off this in a 10 pt...

I've been trading more CL again. I have noticed that when I follow both CL and ER2 I loose concentration, which leads to sloppy trading. Some days I've been doing hundreds of lots with not much to show for(makes the people at IB happy though). One of the things I've been practicing is...

As I mentioned before I seldom see a decisive move in Crude at the time the indices open because some of the traders are distracted. Still today there was a 25 pt move in July in 2 minutes around 9:30 ET. The start of CL and NG options (and Gold and Silver options) on GLOBEX opens up a lot of...

dougman100, Great news, thanks for posting it. GC

Most of the trading books are available used or new on Half.com - sometimes for fractions of the published price and one can resell them for about the same price as one bought them. Basically the cost of checking out a book is the cost of media mail. Occasionally some of the TTM products...

I hope someone from IB picks this up. I am using the latest standalone version with my new computer that has Vista. Seems to be running OK but in this latest standalone version there is no way to see open P/L by item, only total for the day. This is unacceptable! In the java version one...

Interesting thread. Sometimes there is little difference between the unethical and the illegal and some sharp businessmen skirt the illegal, like in the case of their advertising. Early in the morning I trade some forex futures through IB, mainly the yen. Most of the time the spread is 2...

So true, agree 100%. I am also a scalper and one day after being ahead over 3K I ended up loosing money and I asked myself why was I doing this? Since then I set up performance targets for myself. If I am losing more then my average gain I have to quit and if I am between my average gain and 20%...

Manage yourself. Probably the first time in history it just the trader and the market. Information how to trade can be bought, price information is cheap and fast, money -if you don't have any- can be raised and the markets are liquid with good ranges, but you find out after you have...

In all seriousness there is a very strong inflationary bias to all markets (no need to remind me I understand the market could be down next week, month, year). Inflation is at a stage where government reporting is structured to deny it and we are nearing hyper inflation. Some companies...