ES Journal Archive (2009 - 2010)

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Quote from austinp:

I doubt we'll make a steady diet of -109pt drop / +80pt pop v-turns in the ES intraday. But we probably won't see two <10pt ES sessions each week, either.

In my case it's irrelevant because CL is my primary and eminis secondary targets. In today's adventure, imo the eminis were easier and offered more profit than CL did. But I'll trust the CL to keep the vol-vol cranking for several years to come, as it has the past several years behind us now :)
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Both CL and ES crossed the point of no return today. Unless both markets shoot up significantly tomorrow, the Bull Market that started in March 2009 is now a goner as we know it. It's time to rub elbow with ammo again. :D
 
Quote from tstones:

Use stop limit, which is queued in globex. Stop is saved on IB servers, and it might not even trigger.
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dont mean to derail, but are you saying to use "STP LMT" instead of "STP" for stoploss because "STP" is saved in IB and only get converted to market order when IB "feels" like it.

While "STP LMT" is queued in the exchange as soon as you submit?

are you sure about this? because according to IB help, even STP LMT are only activated after the stop price is hit not at the time of submission.

A Stop Limit order is similar to a stop order in that a stop price will activate the order. However, unlike the stop order, which is submitted as a market order when elected, the stop limit order is submitted as a limit order. Use the Lmt Price and Aux. Price fields on the trading screen to enter orders requiring multiple prices or values.
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Thanks
 
Quote from schizo:

the Bull Market that started in March 2009 is now a goner as we know it. It's time to rub elbow with ammo again. :D
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says one closet bear to another. let's face it... veteran futures traders all prefer playing the downside. we force ourselves to buy the uptrends, but we love selling into cascade waterfalls that roll up fat profits fast. right or right?

RED: the color of money :cool:
 
Quote from newguy05:

dont mean to derail, but are you saying to use "STP LMT" instead of "STP" for stoploss because "STP" is saved in IB and only get converted to market order when IB "feels" like it.

While "STP LMT" is queued in the exchange as soon as you submit?

are you sure about this? because according to IB help, even STP LMT are only activated after the stop price is hit not at the time of submission.



Thanks
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Don't mean to intrude, but yes, IB will hold on to your order until the trigger price is hit. Only then will it submit a LIMIT order.
 
Quote from austinp:

says one closet bear to another. let's face it... veteran futures traders all prefer playing the downside. we force ourselves to buy the uptrends, but we love selling into cascade waterfalls that roll up fat profits fast. right or right?

RED: the color of money :cool:
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Sure, I'm a permabear at heart but I also know that the market don't give a damn which camp you belong to. Only thing I truly care about is volatility. Let's fess up. For the last year and half, it was painful to trade ES with <10 point range, especially with all the T-day crews and their ilk, no?

Come to think of it, where were the TDAYBOYZ today?
 
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