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No wonder, thanks. I should have been able to figure that out on kiwi's pic. They shift each month then?

Ummm I must be looking at a different contract? It's late so forgive me, this is what I get from IB chart.

And I thought ZI was bad. I guess I'm just not used to the tick/movement, but I would think it would be hard to trade if the charts don't even tell you where the true high/low is -- I guess that's what the cash index is for. Don't worry, I ain't planning on making these late night sessions...

It's being offered 70 pts below the low print of the evening, scary stuff. I'm guessing IB (or us citizens) doesn't have access to the main exchange where this trades?

*edited* HSI -- I just pulled it up for kicks, watched it drop 80 points with 2 prints in between. This is normal? (make that 130 points with 4??)

Wups, I misread the first post. Still, very good points by chaos. I'm sure professionals do this all the time, although it would never be as explicit as you propose. But if you're one of the 2 who would change their mind based on the other 8, I don't think you would be in this business...

Isn't it usually jerk and then clean? Or you mean a reward for doing chores?

Perhaps another myth: why does everyone posit math abilities as an innate talent needed for trading? Sure if you're trading derivatives, arbitrage etc -- but I've never done a single math equation in my head in figuring out when to buy or sell in the past 8 years. It's enough just to let...

Can't they classify Doug Kass as a permabear? Like that other guy that comes on cnbc, doug Tice or something.

Some writers have posited this "desire to fail" and point to a subconscious irrationality, but when you think about it, the subconscious or whatever part of your brain which decides to pull a stop, double down on a loser, or gamble on news events, is actually much more rational and logical than...

To be honest I am one of those that "for all practical purposes" should have gave it up years ago. On the surface, especially from the outside, it was not difficult to believe I was just wasting my money and time; even the people closest to me feared I was an addict, a market junkie, always...

No clue really, expecting a choppy week if anything.

Don't you have to wonder where were you 3 days ago on this trade? Profits if any will be harder to keep on this one.

Yeah he seemed to know his stuff -- has he been around these parts lately?

Something that requires loose stops just means it's timing is fairly inaccurate, which was pretty much my point when I say "leftovers". Using wider stops just makes a trader lazier in my opinion, work harder to find the better entries.

Traditional TA (chart lines, s/r, etc) basically gets you leftovers; sure it "works" when support breaks and you get a nice 50 pip downdraft, but that's usually in the midst of a 300-pip move that has faked out alot of TA traders going the other way to begin with.

I played this game for 10 years, hasn't changed too much since. http://www.subspace.net/

But like a "trend", there is no evidence that something that has happened in the past will continue in the future. In fact, history will likely show that anything that is actually worth pursuing (and not random/noise/incidental) will eventually fail. How can you tell if something has gone...

While you're asking whether or not TA which worked for others in the past will work for you in the future, you might want to also ask yourself why anything "statistically signifcant" (or insignificant for that matter) in the markets will necessarily continue in the future as well. In other...

Sure, then it's a separate trade. I would not, for example, be more willing to short something just because you're already long in a longer-term time frame, but just think of things completely independently aka nothing to do with a "hedge".