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    markets never GAP open anymore

    Yes, a miniscule amount of very large moves. I was responding to a post that said they couldn't recall any 2% or more moves. So I responded by pointing out all the moves of 4% or more. But if you looked at all the 2% or more gap openings, there would be hundreds of them during that era. The...
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    markets never GAP open anymore

    Then you've got a bad memory. The Nasdaq 100 market gapped open by MORE than 4% on 28 openings from 1997 through 2002. This included a gap opening of more than 6% on 4 occasions. And the 9/11 to 9/17 period when the market was closed was not the largest gap, it happened a few days later on...
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    markets never GAP open anymore

    Notice how the markets never gap open either up or down anymore? Every day for the last 6 months its the same thing, the markets basically open at the same level they were at the closing bell the day before. This is a fundamental change, particularly for the Nasdaq markets. For 4 or 5...
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    Huge danger of not knowing CME cancelled your trade

    I read an article online that got me thinking about the potential for massive losses the CME could inflict on a trader, without them even knowing it. Read about how the CME recently cancelled many trades here: http://www.thestreet.com/markets/aarontaskfree/10099985.html Here is the...
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    Terrorism Futures To Start Trading

    Unbelievable as it sounds, apparently they are going to start trading futures based on possible future events like terror attacks, assassinations, government overthrows, missile attacks, etc. Full story follows: Pentagon's Futures Market Plan Condemned AP to My Yahoo! By KEN...
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    Fast Trade

    I've used the Fast Trade trainer quite a bit, and would say that it gives a very realistic perspective of what the real trading will be like. There is almost no difference. What I liked about it is that it does not fill your limit orders until 2/3 of the contracts have traded at that level...
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    Fast Trade

    yes, I believe that $2000 rate is for people actually located in Chicago. I asked about that and the best rate I could get was the $550 per month plus $3.32 RT.
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    Advise for new futures trader.

    This advice is not very good, in my opinion. I have traded both and the emini's are vastly superior. they are much cheaper to trade and more efficient if you are doing any kind of $$ volume at all. The biggest problem I have with trading SPY and QQQ is the way brokers charge for your...
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    What types of orders do you use for ES?

    I know this is the only way to guarantee you are 100% in for the entire amount, but I hate giving up that spread every time. I use a strategy that ladders in my trade over the course of a couple minutes. For example, if I want to buy 30 contracts, and the price is 950.0 - 950.25, I...
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    Fast Trade

    I used to use j-trader and moved to Fast Trade 3 months ago. Having used both extensively, I can say that Fast Trade is MUCH better on all levels. It is a much more stable and reliable trading platform. I have NEVER lost my connection, something that used to happen to me all the time with...
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    How to hedge e-mini S&P exposure when systems go down?

    I've thought about this too, here is my plan: 1. Have a laptop with a good battery and a regular dial-up connection. This is in the event of power failure in my home, I can still use the laptop to exit a position, because no power is required, and phone lines are not affected by...
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    success rate trading S&p's

    The oher good thing about these 2 is the almost unlimited liquidity. It doesn't do you any good to master trading in something that is too illiquid to make huge trades in if you get really good at it. Maybe you can make a profit almost every time trading tiny amounts, but that's useless if...
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    Here is the CME's complete explanation

    For those of you that didn't receive this info from your broker, here is the official complete explanation: This is a Message From: GLOBEX Control Center Effect Date: Fri May 2, 2003 03:37 pm CST Notice Number: System Update #18 Message: TO: All GLOBEX(R) Users...
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    How much are you paying per round trip?

    I just moved to Ffasttrade 2 weeks ago and have been very satisfied with pricing, system speed, connectivity and custoemr service so far. I do NOT work for them, so don't accuse me of trying to generate business for them. They have a rate calculator on their site which I used to calculate my...
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    How much are you paying per round trip?

    Just out of curiosity, I am posting a poll to see what others are paying to trade e-mini's. I just switched brokers and reduced my costs from $5.75 per RT to the $4.15-$4.25 range per RT, based on the monthly volume I trade. The reason its not a single figure is because I now pay a $550...
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    ES and NQ Trading

    I didn't say WORTHLESS, I just said you can't use a strategy that relies on limit orders being filled, unless you only count the trade as having occurred if the price action trades completely through your limit order.
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    ES and NQ Trading

    I agree paper trading is useless if your paper trading strategy involves the use of limit orders, because its impossible to know whether you would have gotten filled sometimes. A safe assumption is probably that you would have taken ALL the losses, and missed many of the really big gains...
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    Is my money "safe" with an inexperienced futures broker ?

    Yes I am, but I didn't mention their name this time, because last time I did, people in this group thought I was promoting them and their low rates. I have no financial interest in this company, I am just trying to get some other people's opinions of this company, who it seems to me, has...
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    Crude Oil just hit $40

    More George W. Bush bullshit if you ask me. You think terrorists give a damn what color it is today? Israel has been on the high alert for 50 years and you can see how well it has stopped suicide bombers. Some Korean nut job killed about 500 people with a milk carton of gasoline on the...
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    Is my money "safe" with an inexperienced futures broker ?

    First of all, I am not promoting any particular broker. I am asking for opinions here because what I am hearing from this certain broker seems a bit too good to be true and I am suspicious. That's why I am asking more experienced traders for their opinions. As a follow-up to a previous...
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