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I am out at 6.695. Was going to be a retracement trade and don't want to carry it with a stop. GC

I wonder if this dramatic opening - against the weather background - represents hedge fund liquidation. Got long in Oct at 6.660, hope to sell on a snapback to half the gap GC

Cqtrader, When you are in the financial district in Manhattan be sure to check out the Museum of American Indian at the southern tip of Broadway. The Financial District is architecturally interesting but otherwise boring. No offense intended but a lot of us independent traders put...

I second that. Weekday evenings are good for me.

I have been trading for 40+ yerars and acquired a lot of experience on and off the exchange floor. I am intelligent, inventive and motivated and experienced to the point that if I have a loosing week scalping CL and ER2 it is because I was a pig.(which happens less and less often) My...

Slightly off topic but today I bought Dec Cocoa but I did not realize that I checked Nymex on the IB prompt instead of Nybot. After I noticed this I got out with a limit order and placed an order to reenter at Nybot a few ticks below and I got it.:) I did not think there was any...

The weekend is coming up, one should expect the trendline on the 60 min chart around 73.20 to be broken, additional resistance around 74. After that who knows? I had a great morning and I am not going to give it back, I am migrating over to ER2 for a few hours. Monday I'll start trading...

The general liquidation in the markets, how does it affect the energy futures? It would be already priced in. No? Comments welcome. Oops, I made my first trade selling at 79 against the swing high and taking it back at 75. No doubt the action will be in ER2 today. Yesterday it had...

Prague is spectacular, like a three dimensional Venice when it comes to architecture. I love it, it is a thousand years of accumulation of accomplishment. Otherwise it's a modern city, all conveniences are available, there are a few bars even that exists for expats and in the central area...

I traded from the Hamptons, Budapest and Prague a month at a time. It's been great aside some minor glitches. Once I had to call IB to liquidate my futures positions because I lost the internet connection. Amsterdam is next. It will probably be an exchange deal for my NY apartment, but...

I am scalping Crude but I have been also tading ER2 and YM lately and today I started trading off the 4 second bar charts instead of the 16 second charts (Sierra Charts)that I normally use. Trading off the 98 share bar chart in TS has been working all along ( I understand lot of people...

There is important support at the 70.00 level this market better hold. Basically the surprise would be even more down. Interesting dynamic, the weather background and scared bulls. After I finished for the day I have been watching the action on the DOM. I don't like it because the dancing...

We are still in the denial phase of this down move. Looking at SPY, in the last bear market it lost 50% of it's value. Currently it's off 10%. If this is indeed the beginning of a bear market then there may be a long way to go. One of Dennis Gartman's items on his checklist is this...

Thanks for the clarification, GC

I am scalping Crude and noticed that TS does not plot volume and OBV correctly while Sierra Charts - which I use as a front end fed by IB - shows more accurately what's happening. To discover this was a real shock to me because everybody on this board is bashing IB for their data being...

Copper is actually in backwardation. BTW I have no position in Copper. GC

Yes, I have. Copper has not made new lows this week, Gold has not either, while BP/USD has been straight down for six days and this what prompted my question. GC

Would someone comment please? GC

The CL, Euro, Bp, and the Yen futures are very liquid early in the morning, so I would definitely recommend a part time trader to master those futures. Trading is hard enough, one should not be concerned with other peoples notion of ideal style or time spent at the screen. GC

I do not take positions in CL, I am only scalping, but I like to have an idea where the market is trying to go. There is a six day trading range with the top at 73.30 (Sept). On the 60 min chart it looks like a HS bottom - if the top would be taken out . Yesterday the market was trying to...