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  1. bone

    IB : the end of excessive messaging?

    Oh, they are all turds in my book. I actually went and opened an IB Professional account 2 years ago because Goldman Sachs made everything hard to borrow in terms of short sales on RediPlus, and they wouldn't approve my automation strategy either. And GS at the time had like almost 80% of...
  2. bone

    About CQG Spreader.

    The TT AutoTrader is the app. that uses Excel links, actually those orders are only market orders - it cannot use limit orders or conditional orders, and it cannot send orders to the AutoSpreader app.. The client I have with the CQG Spreader is trying some very complex relative value trading...
  3. bone

    IB : the end of excessive messaging?

    "Obviously, if you have to change your orders so frequently, either you don't know what you're doing or your system ain't robust. " I have to agree as well. As has been pointed out earlier, this isn't an issue so much with futures because the exchange itself will come after you vis-a-vis...
  4. bone

    Scaling in/out: Crutch for the Weak

    I'm not sure how a bid/ask spread for a technical trader defines either brilliance or mental retardation - especially in the context of an average true trading range for just about any instrument. Selling an offer in a rally market is hardly a technical or fundamental edge, and getting a...
  5. bone

    Scaling in/out: Crutch for the Weak

    Well, scaling used in what context? If you're a "fader" (so sorry, let me re-phrase to the term 'mean reversion' trader) or a market timer (you're right and everybody else is wrong) then of course scaling might aptly be labeled a "crutch for the weak". If you're moving size then you are...
  6. bone

    CL Spreads

    Rodney King: I take your point and in fact it is self-evident. It's possible that you're missing my point, however. By design, I do not try to time the market or pick tops and bottoms. My personal preference is to give up some trading range (profit target potential) in exchange for more...
  7. bone

    CL Spreads

    "Fair value based on what?" Well, if he's looking at the calendar spread value last month compared to the front month futures priced during the roll he's correct. Problem is, at the same time in the roll and with the same sept. futures price ($77.50) the sept-oct calendar spread is...
  8. bone

    Choc Finger

    Cocoa Squeeze Play: I like his style - he actually took delivery of the contracts. Brilliant, because it makes it a bit sketchier for the trading exchange and regulators to complain IMO...
  9. bone

    Cost of Orc Spreader?

    Price out Apama, Portware, or RTS. Makes ORC look cheap.
  10. bone

    About CQG Spreader.

    No, the TT AutoSpreader does not support Stop-Loss orders. I have asked for it many times over the years.
  11. bone

    Leave stop loss and target or exit early?

    First Degree: the author of the post doesn't understand it either. If a person can distill his or her thoughts down into a lucid and concise statement, it demonstrates mastery of the subject matter.
  12. bone

    Leave stop loss and target or exit early?

    Oh good grief. W..........T............F..............
  13. bone

    6 days ago the DOW was under 9700 today 10363

    Gibbs sealed the rally with his mea culpa/statement on "Meet the Press" Sunday morning. Sidelines cash starting to be put to work.
  14. bone

    6 days ago the DOW was under 9700 today 10363

    Roughly correlated to fresh political polling regarding the October general election.
  15. bone

    which is more important?

    That is a delicate balance to achieve, and is more than a bit correlated with the volatility of the market(s) you choose to trade. I have a similar malady, which explains why I trade spreads.
  16. bone

    Leave stop loss and target or exit early?

    Nobody can "read the tape" successfully and cover all aspects of trade management. I started trading by scalping bond futures in the CBOT pit in 1992 - and I was taught a firm puke rule first and foremost. The best scalpers (tape readers) I ever met and interacted with both socially and...
  17. bone

    These Biases I have are Killing me

    1. Lengthen the timeframe on your technical studies. By alot. Your perspective is shit. I can trade several thousand futures contracts per day on a 360 minute bar, and be flat at the end of the day. Think about that. Your source of calibration for these "biases" of yours and your...
  18. bone

    Only losers daytrade from their own home?

    Kill this thread. Please.
  19. bone

    which is more important?

    You somehow forgot the most important option: don't let your losers run. Somehow, for most traders that is an easier task than letting a winner run.
  20. bone

    CME Crude Oil Long term long position

    USO, USL, UGA, and DBE are going to be affected by futures "roll yield" in order to comply with the terms and conditions of their prospectus. Crappier return in terms of capital use efficiency than rolling a futures position yourself. Remember, their roll TWAP might be worse than yours, and...
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