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Looking good. Great support at 80. Barring any catasrophic event (alien invasion, godzilla attacks), ICE is a good swing trade right here.

If all it takes to make money in trading is news and logic, we'd all be millionaires many times over, wouldn't we? :)

Massive volume? Um.. it's people rolling over from Sept to October contract the past 2 days. Watch the September contract volume drop the past 2 days. That's explains why the October contract surged.

My thoughts exactly. As bad as it sounded, CL should be trading at 110 or lower. But it's only down a few and Ag futures and Gold is holding up pretty well. Meanwhile, ES just reversed and started going down.

Don't be too surprised if you see oil end in green. The market is never that obvious.

I doubt it. I use Amibroker and it's only $279.00 one time fee - not a monthly fee. It's well worth it.

Why would you make the same %? It's half the size per contract unless I misuderstood what you're trying to say. If you bought QM and oil jumps to 200 tomorrow, you'll make half of what you'll make if you bought CL instead. For ever $1.00 move in oil, CL gives you $1000 while QM gives you $500.

The main reason they're called minis is because they're a lighter version of the original in terms of the amount of barrels each contract represent. Buying 1 contract of CL is buying 1000 barrels while buying 1 contract of QM is buying 500 barrels. It has nothing to do with the tick size...

It's not about the tick It's about the total dollar value. Pretend crude is at $112.00 If it goes to $112.10, for CL, that is 10 ticks ($100) = 112.01, 112.02, 112.03,... For QM, that's only 4 ticks ($50) = 112.025, 112.05, 112.075, 112.10 So you see the difference? If you still...

It can't be 6 seconds faster. Perhaps 6 milliseconds? The one advantage I can see of going with a T1 is reliability and predictability when it comes to speed (latency).

LOL. yeah I could see that. But regarding your problem with trying to ride a trend and end up buying it at the top - the general idea is that even on a trend day/one sided day, there will be pauses and pull backs. The best way to ride a trend is to wait for those small pullbacks (even better...

So you're doing all this from a demo account? If you are, then the psychology of having "unlimited" money and the fact it's not real money (hence, not real losses) tend to make getting out of a losing trade easier. I used to scalp and on choppy days or even weeks, I make great money until the...

I think it's time to get in on corn along with other Ags. Limit up across the board - and wheat seems to be pushing to go up for the past few days.

Also, the speculation is that after the Olympics, construction spending on infrastructure among other things will slow down. Plus property prices will start to decline once the Olympic hype is gone. People are just rushing to the exit in droves. My guess is after the olympics, we'll start...

I wish I know the answers to your questions but I don't. I suppose we'll have to wait and see come opening time. I'm gonna get nailed though if this is true because I got 4 contracts short on the Yen and if ES drops big, first thing I'll be doing is cover my ass when market opens. The only...

Gold up over 40. Interesting to see if and by how much ES will drop when market opens.

Does anyone know how to get the BDI on IB?

Yeag, I think it'll want to test the intermediate top again and try to break through. I'll be preparing to short though around 87-90 level.

I should stop bothering with ISEE index and just check ET polls. This was one of the best contrarian indicator I've witnessed on ET.

What do you guys think of the resistance right around the 1291 range on the SPX? I'm a bit leery about getting in at this level so i'll just do a wait and see approach.