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Probably wise but you can trade ES with as little as a 5K account if you use proper risk controls and do not hold positions overnight. Granted you are trading on a shoestring and will probably be adding money to the account after awhile. OP is better off though looking at YM to start trading...

It is a very shortened session tomorrow. ES closes at 9:15est... not much of a trading day, so many already called it a week

not lately, probably why no one is replying :)

this happens "a lot". Call it your initiation into the wonderful world of semi-liquid softs . Same thing happens in the others as well. it always seems to be right before the RTH close... hmmm... someone must have needed to square the books before quarter end. Sorry it hit you but that's the...

NoDoji, have you thought of starting with QM at first and then moving up to CL after awhile? That is what I did and it helped me gain confidence I don't think I would have had with only paper trading. It took me over a year to make a full transition up to CL but I was able to learn a lot by...

Other than the occasional day long outage at ICE it's all good, it will save you some commissions but I'd rather stay with NYMEX... learned my lesson with WTI awhile ago and haven't been back. Also, WTI had different opening times (don't know if this is still true) which I never liked either.

Sierra Chart. I coded my first automated strategy in a week, tested it in a month on a simulated data feed and has been autotrading live for over a year with only minor glitches so far.

Rather than not use a stop at all, use a stop limit order with enough room to limit your risk but have a good chance of being filled if needed. Obviously it will get blown through if a big move happens so you need to monitor it quite often or have a notification setup to alert you if it trades...

popcorn time... sounds like challenge accepted. gentlemen, choose your weapon

Don't forget about the coffee enema. Heck, with maple syrup chemo and coffee enema, all you need is some pancakes and bacon and you can also have breakfast all at the same time! Seriously, I did enjoy the movies Food Inc and Beautiful Truth good to know about alternative methods of healing...

Excellent point and great show!! If anything you will want to live to see Season 5 once you start watching it. The Season 4 finale will keep you alive long enough to see what happens after. This will give you until at least September-December! Maybe by then you will have found something else to...

.40 was high of day so you can see if a big order was sitting on ask right when the high was made... you can also get past time and sales that shows the bid/ask size at the time a trade was made

Sounds like a description of a highly evolved society to me. What has all the rampant materialism and money lust done for our evolution? Not much!

Blow up is a subjective term. He's down about 162k (40%) since the beginning of the year. He's still trading and posted results for last week (+5k). Yes, he's lost a lot of money and a substantial percentage of his account but longer term he is still up over 200% from where he first started out...

If you are just now figuring out that MetaStock has backtesting problems I don't know what to say to you. This has been well known for _years_. There are also backtesting problems up through version 10.X by the way. This report is underwhelming and a several years late imho. Legal options? You...

I've never used TradeStation. I have mostly replaced MetaStock with SierraChart. It works with a number of brokers and has good backtesting and trading capabilities. The charts are very good too. I think it is light years ahead in other areas that MetaStock doesn't even have. Their website is...

It is ok (used it for years) but I have also noticed some problems with the EOD data. For instance on the Crude Oil continuous it shows some days with the same price for OHLC (2/24 for instance shows 80.00 for all four prices). I haven't yet had time to investigate these discrepancies but...

I have my TWS setup to show the letter codes (View / Symbol mode) so it is easy to keep straight between TWS and my software but I can't understand why they would change the API symbols to a different format and also something that could easily get confused with a different month.

Well, that's confusing... I have noticed that IB has come out with new contract codes for API trading and in my software May shows up as CL-201004 and June as CL-201005. Anyone else notice this or have an explanation as to why they would list them this way?

Expiration and rollover are necessary, not everyone is a speculator and need to hedge, take delivery of the underlying or only play in certain months and not others at a time. One continous contract would not accomplish these goals and would not be a futures contract. Contracts must have an end...