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Bowo - your viewpoint is too narrow. There are many people on this board who have moved beyond MC and want to develop their own trading platform - since having your own trading platform liberates you from the inadequacies of off-the-shelf-products like MC, TS, NT etc. I understand you would...

just write EUR in the TWS and enter...you will get the options to select the Dec contract. Alternatively ask customer service, much faster than ET

So, with the idea of building a medium term LONG position, I am going to put in following limit orders. Limit orders to Buy 1 ES each at 1703, 1705, 1707, 1709, 1711 levels.

Thanks for chiming in! I agree that it should be a cash-settled contract. Futures Speculators on this contract do not want delivery of electronic bitcoins. And the tinfoil hat guys - who actually use bitcoins to actually buy/sell real stuff from online stores on the internet, they can continue...

out of all 3 at 1715 for 6 points = 300 USD I want to be long till end of year but will wait for a better price point to start building the long position. Total Account equity = 40900+300 = 41,200 USD

I will go on to say that if CME can't do it because of political pressure etc. other global exchanges like LME, SGX, NSE, FTSE, Eurex, Dubai etc. should introduce this contract. Its bound to become a hit.

If any CME members or maybe CME Chairman himself are reading this forum, or if someone has access to higher ups in CME, maybe its a good idea to use your contacts to suggest them to introduce BitCoin futures. Who cares if the digital currency survives or not or if it changes its form etc. but...

NEW TRADE: Buy 3 ES at 1713.

got out at 1713 for a loss of 3 points = -150 USD. Account Equity = 41050 - 150 = 40900 USD

Trade 5: Short 3 cars ES now at 1712.

out of these 2 contracts at 1711 for 11*2 = 22 points = 1100 USD profits. Total PL = 2300+1100 = 3400 USD Total Account value = 37,650 +3,400 = 41,050 USD :cool: :cool:

out of 3 more contracts from 1693 at 1703 for 10*3 = 30 points = 1500 USD. So, total booked PL on this trade till now = 1500+800 = 2300 USD. still have 2 long contracts from 1700.

Thanks for the thread. My +1 to the request. I would like to trade these contracts on LME, if IB can become LME member. I had this conversation with them 4 years back when I wanted to trade lead and tin and they gave me the same response that if there is enough demand. I really am not sure...

obviously good advice, end of january is just 3.5 months more. Meanwhile, do following: 1) Paper trade the system, keep detailed stats, plot equity curves and post on ET for all to critique 2) Try to make improvements to EXECUTION NOT THE SYSTEM ITSELF. What will happen is that you will...

First, it needs guts and a very different trading style to be able to hold till 1800 :) In my real trading, I am mostly an intraday trader :) Also, that 1800 target applies only if markets remain kind of ok and 17th (debt ceiling date) is behind us. If there is a turmoil, I will take the loss...

Folks at IB please respond. We are waiting to hear the logic behind this implementation. Thanks

out of 2 at 1698 from 1690. Booked PL = 2*8 = 16 points = 800 USD. Still have 5 long contracts, 3 from 1693 and 2 from 1700 long.

Added 3 more contracts at 1693, already have 2 from 1700 long. So, total of 5 cars long. EDIT:Adding 2 more at 1690, so total of 7 long cars.

Back to the long ES position. Long 2 contracts at 1700 if debt ceiling danger passes without much problem, I would be looking to buy ES and add on each pull-back and move-up with the year end target around 1800.

Q: Did anyone make any money using this approach? how consistent, what PF, win %????