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I know that if we break 2000 retail will be shitting bricks. Not sure if BTFD will be happening - of course then the Fed will find some kind of reason to "delay" rate increases. Probably keep Greece simmering for a while to bring out for parties when it's advantageous to do so. I'm not sure...

Same shit. Different year.

So what actually ended up happening with this?

Well I'm still sticking with me 2120 as a strong resistance area.

It's under chart. "Show bid and ask lines" and "bid/ask average line" right next to it. It helps greatly because even though the bar shape itself is delayed the actual bid/ask is realtime and overlaid on top of the bar being drawn as vertical lines. The bid/ask moving around is all the brain is...

I would also agree that the N225M futures are most similar to ES. IMO HSI and HHI are not like ES. K200, haven't figured out what that thing is like yet.

Did you enable bid/ask lines like I said? It's totally usable with that turned on.

Yeah I was gonna post the CME disciplinary advisory on it but didn't think others would be intersted too much. http://www.cmegroup.com/tools-information/lookups/advisories/disciplinary/COMEX-14-9807-BC-MIRUS-FUTURES-LLC.html#pageNumber=1

If you have futures access you can always hedge it out right now (albeit it'll be like a 30 lot) but other than that all you can do is wait. In the future don't do this kind of stuff. Any trade that relies on "oh it'll never go there" its a bad thing to get into. Or at the least reduce the size.

Well you're probably just saying it to the wrong guy. TheStreet wrote that.

"In general it is not time per se but nonlinearity to volatility that counts, so a six month out of the money (measuring out of the moneyness in low delta) is preferable to a 1 year OTM with higher delta, for squeezes. Niederhoffer went bust with short term options... they went from .2 to $38 ...

The reason I recommend the chart Dom is because the price context is right *there* from which to place resting limit orders. To clarify what I meant by the trade window requiring too much thought is that it requires too much thought to set resting limit orders with. Most people who are hitting...

When you see the move start to happen and you're mentally playing forward the "future" or what your expectation of the future is, immediately find the most recent local support (we'll use a long case) and place a resting buy order. Then sit and wait while everyone else gets screwed and you get...

Bigger traders don't just hit the market in order to get in before the move. They use small traders to fill their resting orders. So any large orders you see coming through should be taken with skepticism. In fact consider them intentionally misleading within that smaller time window. Your...

Drift is obviously a second order trend. But I'm not sure why we're even discussing it as trend or counter trend given that Vic or others are not selling 10y options on anything. It would be like saying one should not short the market because its a counter trend trade due to drift. That's just...

Okay well stop doing that. Once you see price doing what you think it should be doing so do you and 200 others. Unless it's on the absolute last final leg (you should be noticing before this) it WILL retrace. Place a resting limit order at the edge of the most recent support or resistance and...

What's tbe ratio of the amount of time you place a resting limit order below or above price vs hit buy or sell?

Make sure if you use true data you use bid/ask lines (chart option). I used to use the ib data but switched to SC's data so that number bars were actually accurate. Everything is better with SC data (except paying for yet another thing).

BTW kp: You might want to enable Tool Settings -> Chart Values -> "Always On When Using Other Tools" and General -> After Single Tool Use -> Hand. I notice in your video you flipping back and forth between hand and crosshair. Get the best of both worlds by having crosshair basically always on...

Sierra. Takes a bit to get configured but I definitely prefer it over Ninja.