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Good idea. Wouldn't it be better to hedge with IdealPro or Ideal?

There's a long thread about using EFPs to gain interest on the first $10,000 with an IB account but this is only helpful if your base currency is USD. If your base currency is GBP (or any non-USD currency) you would be taking on foreign currency risk if you used EFPs. My account is going to be...

We only need to trade 40 points below today's low to bring that to an end. The words hot knife and butter spring to mind... But you're right - it's a traders' market right now and you need to trade each day as it comes.

The trouble is the market has been slicing through these support levels like they don't exist. The market is loving giving bulls false hope at the moment - little rallies off of support followed by sharp down moves. That 12800 level might provide a few hours of support but the bear move is too...

So you wait until it's down 20% until you start shorting? I'm not too worried about the definition of a bear market. The rallies are weak and sell offs are strong but orderly. Who knows how far it will go but for now the easy money is on the short side.

That's just a bit of profit taking from day traders. Asia and Europe will sell off and US futures will follow them down, at least if recent overnight action is followed.

The S&P is now down on the year. Massive double top on the monthly charts. And all this in a pre-election year (supposed to be a strong year for stocks). I think it's fair to say the bear is back. Futures are going to get hammered tonight.

He needs the Dow to go down another 3000 points before he breaks even.

There was a guy a few weeks back who started a thread every day with a poll asking whether we would be up or down. ET members were actually quite accurate in predicting whether the day would be up or down.

The Dow closed with an "official" head and shoulders which doesn't bode well for any potential rally. It would be surprising if there wasn't some buying at the 13000 level though.

On the Dow the sneaky little test below support followed by a big hammer candle on the daily charts looks very similar. All we need is a higher low and we're off. The big difference is that the last sell off was based on nothing (a pullback in the Chinese stock market) whereas this has a more...

It was a 61.8% retracement of a large down move. The shorts were probably let's see .... shorting? Do you think markets move in one direction?

Because you don't see why it's such a big deal does that mean it isn't so? The reason you don't see is because you don't understand. I suggest you do a bit of research and post your findings instead of posting the same drivel over and over. You didn't predict the Dow would fall over 1000...

The BBC news website is leading on the fall in world stock indexes which is usually an indicator of a bottom.

The truth about socialists: http://uk.youtube.com/watch?v=AnxPuidq1qQ

Thanks! Unfortunately only my 12th account is up 9473%. My 17th account is down 12058% and my 3rd account is down 29%. All my other accounts are down 300-900% except my 8th account which is at break even.

Great strategy bro = $$$ My strategy is when the first account is up $600 then move to double sixth account down for up move in triple wedge. EXCEPT if the loss on the fourth account went below triple the third ($600 x 2 x 3 = $3600) in which case we double down for the 7th for total profit...

Yep, that was the best ET flame war ever.

As long as the order was at ECBOT that's out of IB's control. I had no problem with IB or ECBOT today. I'm on the European server.

Great day for me too. I went long at 1432.25 earlier in the week and and my stop and reverse order was hit today at 1510.50. Covered at 1483.25. Trading is so easy.