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So, if the market is at: Bid: 850.00 Ask 850.25, and I want to buy, I would be filled sooner if I put in a limit order to buy at 850.25 rather than just a market order? Or in other words, you're saying that when I put in a market order to buy, the broker enters a limit order to buy at the ask...

Thanks for the comments. I'm trading for about 2pts , which by most definitions is scalping. I have noticed a significant number of my trades trade below the signal price before the target is reached, so I'm curious to see if using limit orders will improve the overall success of my methods...

That brings up another point... As I watch the bid/ask contracts they are continually rising and falling. The same is true with the DOME, so I suppose those are all limit orders that people are posting and pulling? If so, amazing. Originally I thought there were market makers who were...

I understand there are no 'market makers' on the ES, but the contracts available under Bid or Ask represent Limit orders in the system. If I submit a Market order to sell, I sell the bid price and someone out there buys at the bid. If I want to enter the market long, I can also 'join the bid'...

You got it. Commission is $15 /RT on the e-mini. You pay them about $2,000 deposit on the equipment and need to fund your account with $10,000. Equipment upgrades, data and so forth are free after that. Cheer, kp

I'm just glad I wasn't in a position, and I guess it' just too bad for anyone who was! I never watch the news anymore while trading. It's just too distracting and utterly worthless. Thanks for the info. kp

What's going on? I just got a notification via TradeStation that Globex is halted. Anyone know? kp

Quote from the above-mentioned link: “Those attempting to illegally evade U.S. income tax through the use of ‘so-called’ tax haven countries will find they are not beyond the arm of the IRS. Promoters and clients of international evasion schemes can continue to expect scrutiny and...

Only one I know of is Global Futures (GFETC). However, they use J-Trader. kp

Youbetcha! My greatest difficulty is hanging on to a winner. I went long ELX at 17.80 and under normal circumstances, I would have dumped it at about 19.00. Locking-in profits with the puts keeps me in the position. This definitely is a volatility position. I believe that over the next...

Didn't Chris Manning make a pretty thorough study of patterns and their probability? Is not his trading course based on giving you the results of his 10,000+ hours of research? Someone who has taken his course please comment. As far as I know, he isn't teaching anymore and has gone to...

The plan is to hold my current position until expiration, or until I have a bias that ELX is heading up again. At that time I will sell my 22.50 puts and use the proceeds to buy more stock, hedged with puts. Cheer, kp

Hey! you guys are missing the point. Everybody knows where to get pivot numbers, calculators, formulas etc., but the question is: "Who thought this up? Who invented the formula? What's the history behind this?" kp

You bet! Don't you know, God is a Republican! :D kp ps: PLEASE! all you Dems., the above is said only in fun!! Don't flame me unless it's funny! :p

ES was up a couple points, now is down 1.50. Dow is down 13 NQ is down 2.50 Don't know about the foreign markets. I think you can look them up on Yahoo. kp

Yep. It works. Windows ME also has the same thing. kp

A minister was trying to get his congregation to understand the difference between Heaven and Hell. "Heaven" he said, "is a place where the mechanics are German, the policemen are British, the French do the cooking, Swiss run the trains and all the lovers are Italian." "On the other hand"...

Sounds like you need basic math functions Excel will provide. I doubt anyone is going to write a dedicated program to handle what can easily be done in a spreadsheet database. Cheer, kp

Let me be President with enough influence in Congress to reform the tax code (make it Flat or VAT) and I'll be happy. I'd also eliminate capital gains & dividend taxes, so my trading buddies could really have a party! :D kp

Meanwhile this rally is shaking out all the shorts who sold when the VIX got really low last week. When that's done, it will fall. kp