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  1. bone

    Can you buy and sell russell 2000

    The ICE mini Russell 2000 Index is a nice spread trade versus the CBOT mini Dow contract. 1:1
  2. bone

    Call it a day after profit goal?

    In the past, and in a day trading environment, I never used profit to determine how long I stayed with a position, but I certainly considered my P&L for the day in terms of how enthusiastic I was for entering a fresh position. Good or bad, right or wrong, I always wanted to protect profits if I...
  3. bone

    Averaging into trends using pivots

    I really like the idea of adding to successful pivot (S/R) levels and getting out for your profit target or stop/loss on pivot (S/R) failure. It accomplished several things: 1. keeps you on the correct side of the trend, 2. dispenses with all sorts of timing strategies like wave counts...
  4. bone

    Help learning about a Firm "Traders Capital" in Chicago.

    Elie Mellul (CRD #2126020, Registered Principal, Great Neck, New York) submitted a Letter of Acceptance, Waiver, and Consent pursuant to which he was censured, fined $50,000, barred from association with any NASD member in any capacity, and ordered to pay $39,192 in restitution to public...
  5. bone

    The Erection Pattern

    This pattern frequently uses a high frequency strategy. Under certain circumstances, automation is used. Others prefer using the pattern with a mechanical system. Once the erection pattern is revealed, there is very little discretion in terms of how it is used.
  6. bone

    The Erection Pattern

    The pattern started with such momentum... but failed off quickly. An exhaustion of order flow.
  7. bone

    The Erection Pattern

    three minute bars... a very short lived erection.
  8. bone

    The S&P has topped !

    Make your target 1305. You can sell them to emrglobal and shortie.
  9. bone

    RBOB Crack Spreads

    On TT, for example, you can enable an order ticket setting to include implied pricing, which you definitely should do. You want to both chart and configure your execution platform order ticket for the actual exchange-supported spread. Do not chart the synthetic combination of the two - not...
  10. bone

    RBOB Crack Spreads

    Thanks, starfish. Clients continue to perform very well in the energy space. On Wednesdays, it is all about the supply and demand figures from the DOE-API reports. From the Schork Report this Monday: "Not only are we seeing high levels of imports, current inventories at PADD 5 are...
  11. bone

    The S&P has topped !

    "today is a perfect day to sell the open and cash in." where, at 1305?
  12. bone

    Exact Science

    Given the title of this thread, and the convoluted highjacking that evolved into schizophrenic psychobabble which ensued, this has become an abortion of logic and a waste of website resources.
  13. bone

    The S&P has topped !

    Nobody wants to buy "THE HIGH". They would much rather sell "the high". As I always tell my clients - "always, and I mean always, look for the path of pain". Everybody wants to pay homage to the almighty trend, but very very few people actually practice the art. Even when I trade at...
  14. bone

    WTI-Brent

    Last week, open interest in the WTI Nymex futures rose by 4.94%, while the ICE Brent futures open interest rose by 7.35%.
  15. bone

    "Cut your losses short and let your profits run"

    When you enter a trade, you must have both profit target and stop/loss level determined. For your stop/loss trigger, get out of your entire position at once. For your profit target, scale out of your position using a trailing stop once that original target level has been achieved.
  16. bone

    Abandon market

    OP: Please find a better use of your time and this website's resources. How many of these pathetic threads are you going to launch?
  17. bone

    BCS National Championship Pattern

    "The strength of schedule is absolutely brutal." That hurts them with the current BCS system (in spite of the statistical 'smoothing'), but will help them whenever a playoff system is enacted. I am always amused when sports reporters and the media quizzed the TCU head coach about their...
  18. bone

    The S&P has topped !

    All of these posters who start a thread with a proclamation and try to time the S&P in terms of a major market reversal are consistently wrong because they are using incorrect timeframe sampling horizons in their analysis. Some of them are also, IMO, over-reliant upon wave count techniques...
  19. bone

    Weekly Poll: 2nd Week 2011 - Standoff at Critical SPX 1270

    All of these posters who start a thread with a proclamation and try to time the S&P in terms of a major market reversal are consistently wrong because they are using incorrect timeframe sampling horizons in their analysis. Some of them are also, IMO, over-reliant upon wave count techniques...
  20. bone

    BCS National Championship Pattern

    Chip Kelly kept the score close by gambling on fourth down and with copious amounts of gadgetry - it was obvious by the second series in the game that Oregon's line play was in serious trouble on both sides of the ball. Cam Newton wasn't much of a factor, and neither was Oregon's running...
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