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    Suggestions

    Ohhh, I see. Are you guys part of some Blue Arrow Cult? Stick around folks. I'll be here all night. ;)
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    Suggestions

    That sounds fantastic, but forgive me, because I've looked everywhere for this little blue down arrow and I cannot find it. I see little green sideways arrows on the homepage but that's it. Any idea why this may be? TIA
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    MGB: Journal

    I didn’t explain myself properly. Almost everything I do is automated. I have specific rules for entry and exits dependent on different conditions. I only meant to convey that I assign weight to different inputs based on the market environment much like a system might be programmed for...
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    MGB: Journal

    I agree and disagree. I think this absolutely true for new traders. From a system development perspective I'd also agree, at this time. For guys that have been around the block it seems to be a matter of preference. A lot of what I do has some very basic elements to it and I could explain...
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    August Trading Journals

    Ahhh, but I've heard it said "Stochastics have more fun".
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    NexTrend Charting Software

    I spoke with the data people at the CME and my understanding is that the Mini’s will still be 6 months free, then $10 per month. The 1 min snap quotes apply to any data outside of the Mini. http://www.cme.com/market/fees/mdfees.html
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    MGB: Journal

    I think settings on most indicators and timeframes are largely irrelevant. As you find those tools you prefer, overtime you will develop an understanding of their relationship to the market. I feel that what I do is relatively unique and offers me a decided advantage in the market. I would...
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    MGB: Journal

    For what its worth, ditto.
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    MGB: Journal

    I hope you didn’t take my story the wrong way. I’m not suggesting you get a fulltime job or that you do anything that requires a prohibitive amount of time away from learning how to trade. I’m not implying that you should have a backup plan either. I imagine you can realize your dream and...
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    Data Vendors for Futures

    I've used CQG forever. http://www.cqg.com If your interest is strickly in the Mini, they will not charge a reduced exhange fee, unlike most other providers. That's a bad thing.
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    MGB: Journal

    That is an awful lot of pressure to put on yourself. When I started trading I had no additional income, although I had enough money live off of for a quite a while. Let me tell you that the pressure of watching money go out, predominantly in living expenses and trading costs, was very difficult...
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    MGB: Journal

    What everybody else said. Obey thy stop.
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    DO STOPS WORK WELL AT IB?

    I've been with IB for a long time now. I've never had any good experiences with stops. This topic keeps coming up and up and up and up again. It's pretty frustrating. It's gonna take a lot of good feedback before I ever trust an IB stop order again.
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    Software beats humans at Commodities trading

    Hey, you spelled f%&@#$* all wrong. :)
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    MGB: Journal

    At no time is being in the black pathetic.
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    New SEC rule has me crying...

    No S/R. I have successfully used an indicator of my own design that would indicate when program buying/selling may be taking place. This is another leading indicator in addition to the original I mentioned. Top Secret Discovery makes it sound a lot more impressive than it really is. It’s...
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    New SEC rule has me crying...

    Ahhh. I knew you were gonna ask that? Shoulda kept my mouth shut. I put it out there for any traders who might be searching for such an idea. All I can say is my partner trades stocks and he has found it only mildly useful, as he trades stocks that are uncorrelated and it is very short term...
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    New SEC rule has me crying...

    Not for me. I couldn’t make shit on the Q’s. Poor fills. Actually, that’s not completely true. A lot of my problem revolved around my frustration with the fills or lack thereof. I’m sure some traders have no problems with them. I think that is definitely wise. I really worry about...
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    E-Mini chart

    I trade off the 5 and 1 min charts. The 1 min can be very noisy when the locals are in control. I may find an opportunity on the 5 and drop to the 1 to fine tune an entry and an exit. I don’t imagine there is a best TF to trade off of. If you’re new, you are more likely to be scalped than...
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    Mark-to-Market

    Ordinary Income (OI) is taxed at a higher rate than Long Term Capital Gains (LTCG). If taxable income falls within 15% bracket then LTCG = 10% If taxable income falls within 28% bracket then LTCG = 20% Thereafter, regardless of your tax bracket LTCG = 20% Short Term Capital Gains...
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