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Sorry for the naive question. Does anyone here monitor light sweet crude during the day alongside the YM chart? I just found the symbol for it on IB and it *appears* to be negatively correlated with YM.

Well I'll be watching your trading record closely to decide if I'll letcha go out with my daughter. LOL

Jmowery, I hope you're not obsessing about trading to the point that you're missing homecoming, the prom, chicks, etc.

Recall that whenever Jesse Livermore had one of his many blowouts in the stock market, he'd crawl back to a bucket shop. It was the only place he could *consistently* make money.

I've been looking at them for some time now and they're very useful. The main benefit is that support and resistance levels jump right out at you (at least they should) because PnF filters out so much noise. By adjusting the box size and reversal amount, you can visually determine trading...

Yes, his charts *are* nice and his explanations are very straightforward.

Volente, for a quickie like that do you just trade 1 contract?

Hmmm. In my real account I don't have enough $$$ to comfortably trade more than 1 YM contract with a 10 point stop. Just for grins I've been paper trading like volente does. 2 contracts, 20 point stop. At 10 point profit, sell 1 and set stop to BE. So far, 3 trades, 3 wins. Trade 1...

Why are you shorting the midnight rally?

On IB there's a tool called the "Arbitrage Meter" that appears to tell the delta between an index and its front month futures contract value. *edit* Never mind. The Arb Meter just shows a red or green bar and isn't all that useful as far as I can tell. The delta between INDU and YM at...

I was wondering the same thing as stalker, volente. How do you calibrate the Dow to YM when you see S/R on the Dow. The delta between them seems to vary quite a bit from day to day, maybe even hour to hour.

Let's just post trades and trade ideas.

LOL, I've been posting/lurking in message boards for years. Just like in "Real Life" there are annoying people, nice helpful people, popular people and unpopular people. I hardly notice anything that isn't useful to me any more. Everything else doesn't make it past my filters. You have...

Yeah, what's up with the sudden increase in volume this afternoon? The volume seems to generally be before lunch.

What's with me anyway? I never look at the daily charts! There's also an upsloping trend line providing support in addition to a horizontal support level. The bullish percentage index for the Dow is 73% and rising too.

Guys you lost me again! What's the rationale for going long?

Do I need special permissions from IB to trade after-hours like this?

Yes, the middle class *are* revolting, aren't they? *sniff*

Volente, any idea what EqtTrdr is babbling about with overnight longs and risk free trades?

What a very strange person.