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I don't understand how people can make money in the long run scalping for ticks (1-3) using Xtrader. I don't think it's possible using retail (IB) rates. I can imagine blackboxes doing scalping, co-located at FCM site, with a few msec overhead. And exchange member prices. To me, human...

The only bottleneck in PHYSICAL oil market right now is in REFINERIES in oil consuming nations. Oil stocks are at 5yr highs. Why do you think there's a bottleneck in refineries? I have many friends in shipping biz (owning oil tankers and delivering all over the world), and know the status...

This is a dated article (late 2004), but still relevant, as effects of speculation on oil and (even more) nat.gas has increased even more during 2005. I accept speculation as legit activity. But it's important to understand that it's not real supply/demand imbalances due to phantom...

Following up my previous comment, the e-mailed Daily Statement by IB, accurately reflects P/L of Friday 19-Aug. By day's end on Friday, the TWS->Account->Futures PnL was almost $1k different from the correct P/L. PS: Right now (Sunday afternoon 16:00EST) markets are closed, yet TWS still...

Hoi, yes I know ButtonTrader, in fact I considered it the best of all TWS front-ends I had evaluated (was 9 months ago, so things may have changed). It was just that I thought BT had too many features and I just needed a relatively simple DOME entry and bracket order mgmt.

I would, but a screenshot wouldn't help. I spent 20min on the online realtime Chat (the java app) earlier today and your support staffer agreed that there was a difference of about -$500 between the "Futures PnL" shown in TWS->Account and what it should have been, based on closed trades and...

IBsoft, I'm not sure I understand. It's (now) my understanding that IB STOP orders for eCBOT are ignored outside of 09:30-17:00EST, regardless of "trigger outside RTH" setting. I.e. they don't work for the first 1hr10min of US bonds (ZB/ZN etc) RTH. I assume you mean to use STPLMT+"trigger...

Also, IB should fix the PnL reporting in TWS. Both the realtime MTM PnL on the symbol's line on workspaces (happens everyday, I practically ignore TWS unrealized PnL nowadays), but most importantly the "Account"->PnL display are wrong on occasion. PS: This particular issue has been going...

Forget NYMEX. Once they move it to ClearPort the only advantage of emiNY products had, that of trading in the reliable GLOBEX system, will be gone. Why deal with the crooks in NY (NY has a -well-deserved- reputation of having the most crooked markets in the world) when you can trade the...

This is reply I just wrote in another threads: http://www.othernet.org/ Dozens of free rooms, with thousands of traders there. Markets include futures, equities, forex, regional markets etc. Software to use: http://www.mirc.com/ there are also other s/w as well as Java-clients that...

Exactly. I mean, how long does one have to be trading stock/indices to realise that there is ZERO price discovery or anything resembling funnymentals driving these markets?

TGM, thx for feedback. But, visiting ZL's website, I still can't tell if it supports per-instrument configuration of STPLMT offset (between stop trigger and limit order). I.e. different offset for YM than ZB. E.g. Ninja doesn't. In case of trading QM with Ninja, when a STPLMT order is...

I'd like to compare notes with people trading markets beyond SIF (stock index futures), specifically bonds (ZB/ZN) and energy (QM, QG, COIL) with IB and 3rd party front-ends (Ninja, Button, Bracket etc). Considering that IB's STOP orders are useless for those markets(can't be used during the...

Frankly, I find it quite odd for IB to use its own RTH (09:30 - 17:00 EST) definition for all eCBOT markets, regardless of what the official RTH of those markets might be. Bonds RTH (open out-cry) are 08:20-15:00EST. Instead, the IB eCBOT STOPS in US bonds are only triggered between 09:30...

In ZB, I just had a resting (green) STOP (115'27) order ignored and traded through as if it didn't exist, as price got up from 115'23 to 116'02. I waited for about 2min (in previous cases, sometimes the order might have triggered, but be late to get reflected on TWS itself) I had to cancel...

In ZB, I just had a resting STOP (115'27) order ignored and traded through as if it didn't exist, as price got up from 115'23 to 116'02. I waited for about 2min (in previous cases, sometimes the order might have triggered, but be late to get reflected on TWS itself) I had to cancel the STP...

Macro, I fully agree with your analysis. But I think the powers that be will fight this "mean reversion" (i.e. asset price deflation) with any means, including unorthodox ones. In fact, I'm pretty sure they've been doing it since 2003. The US asset markets won't be allowed to correct. And...

Remiraz, Good points and something new traders should keep in mind. Also guy2 posted a nice study several months ago, outlining the edge needed. Which is why I don't understand why there isn't a popular uprise about the ES still having 0.25 ticks (vs 0.1 of pit), in addition to the fact...

So they take directional trades, not just quick scalps off order-flow? PS: NY futures markets have a reputation for having the worst slippage of all.