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  1. J

    Where do you set your stop?

    On whatever timeframe you're trading, use a multiple of the average true range (ATR). You can also use the ATR to define realistic profit targets. Crude can stop and reverse instantly, so be sure to protect your profits; however, don't assume the market will come back for you -- cut your...
  2. J

    How to determine CL calendar spread margin

    You are correct. At IB on the May/June spread, the initial margin is $540 and the maintenance is $400.
  3. J

    How to determine CL calendar spread margin

    I'm glad that I'm not the only one who doesn't come away with a clear answer.
  4. J

    How to determine CL calendar spread margin

    From this link, can someone please confirm exactly what the margin would be for a May-July CL spread (Group/Tier 2 = $250)? http://www.nymex.com/CL_marg.aspx Thank you.
  5. J

    what is dom

    DOM=Depth of Market
  6. J

    Internet connection problems/solutions

    I'm currently frustrated with my Verizon-provided DSL connection. FIOS is not yet available in my area, and I was unimpressed with Comcast's Internet service. I'm considering either a T1 or a fractional T1, in addition to a PePLink Balance 200 dual-WAN router (and adding Comcast service to...
  7. J

    How hard is to find the Barron's weekly?

    She should be able to find it in the newspaper/magazine section of any Borders or Barnes and Noble. My local convenience store even carries it.
  8. J

    Futures prop. question

    With that record, why not just trade for yourself? Why share?
  9. J

    Why have the price of NYMEX seat leases dropped so much?

    I appreciate the insights. I was focused on the aspect of commissions savings. Thanks.
  10. J

    Why have the price of NYMEX seat leases dropped so much?

    With the electronic contracts increasing overall volume, I would have thought the opposite.
  11. J

    Pros and cons of specializing in one market

    Same here. The CL has accounted for about 90% of my trading during the past few months. I only trade it from 9:30 until 2:00, and there are always more than enough opportunities each day for my short-term style of trading. I'm going to try focusing 100 percent on crude for a few weeks and see...
  12. J

    Why have the price of NYMEX seat leases dropped so much?

    Is this a function of going public? Any insights? http://www.nymex.com/ss_nymex_lease.aspx Thanks.
  13. J

    Pros and cons of specializing in one market

    I would agree that as the timeframe increases, the more homogeneous the market action becomes across different products. However, for short-term trading I think the personality of the specific market is a dominant factor -- how intraday S/R levels form, breakout/breakdown behavior, where...
  14. J

    Pros and cons of specializing in one market

    I'd like to hear opinions on the benefits and liabilities of trading a single market. This is primarily in the context of intraday futures trading, but others are welcome to comment. On the plus side I see... 1) Depth of experience with price action in that market (understanding its...
  15. J

    eSignal trouble this morning?

    Any opinions on SierraChart vs. Ensign? I run tick charts for 12-15 futures products simultaneously. I trade short-term, so speed is critical. Also, I would need to convert three custom EFS indicators to the new scripting language. Thanks in advance. Regards,
  16. J

    eSignal trouble this morning?

    Hi. Is anyone else noticing problems this morning with eSignal's feed on NYMEX May crude (CL K7)? It's running more than two minutes behind reality. I'm really at the end of my rope with them. Excluding tradestation, neoticker and ninjatrader, what platforms are relatively easy for porting...
  17. J

    Good Futures Eductation site?

    Both the CME and CBOT have good educational resources on their sites. http://www.cme.com/edu/ http://www.cbot.com/cbot/pub/page/0,3181,1058,00.html IB might have some archived webinars as well: http://www.interactivebrokers.com/en/general/education/priorWebinars.php?ib_entity=llc
  18. J

    Estimated slippage for NQ, and CL

    I was speaking on a per side basis. Very often the spread on the CL is just one or two ticks, but for system-testing purposes I think three to four would be more conservative. During volatile moments, it's not unusual to get a stop filled three ticks from your stop price. I always open CL...
  19. J

    Estimated slippage for NQ, and CL

    3 or 4 ticks for the full size oil contract (CL)
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