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aj,
in the same vein as I was quick to criticize the "shape" of the 3 white soldiers I would like to point out that they seemed to have worked.
Good job!
H.
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This seems to result in a limit order (after clicking the T) of 100 shares, and both the price and size can be changed by clicking on it
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Before hitting "T" you can click on "LMT" and change it to other types of orders. (Such as market)
You can also have several orders ready to transmit, (one limit, one market, etc.) and transmit the appropriate one when the time is right.
>>>>>>>>>>>>>>>>>
Do you consider it "safe" to enter and/or modify orders in this way or should I be more careful
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That's the way to do it. After a couple of days you learn to look at only the right things, and see through the many options only the ones relevant to you.
>>>>>>>>>>>>>>>>
Do I treat stocks and futures orders the same way
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Mechanically, yes. The tickers for futures are NQ or ES, then select the contract (March), and GLOBEX (I had to ask the first time...)
Futures move and feel way different from stocks so be VERY careful. Start with one contract. I assume you've been following the excellent comments by Train Guy and a few others about this subject. I also heard that Lee is VERY good so you should be in good hands.
H.
Yeah, I realized that.
My 3-white-soldiers mentor (Donald Sew) would say that that first candle is too imperfect to be considered a soldier. (And the target for the subsequent move is half way between the bottom of the first one, and the top of the last one, not the bottom of the first) BWDIK?...
And BTW you are doing a beautiful job with your analysis. (Somehow I feel we don't praise your work often enough <g>)
H.
Ahhh..
so that's how it's used!
I was trying to use it for break-outs. No wonder it didn't make much sense. <g>
Thanks.
H.
Some people recommend sierrachart.com for IB.
I use QuoteTracker.
H.
Mine look normal.
Sometimes before the market opens the bid is much lower than the close, and that affects the balance. It's usually fixed by 9:31.
(At laest that's what happened in Datek before I was switched...)
H.
>>>>>>>>>>>>>>>>>>>>>>>
Now some people like to use the 2x rydex and profunds to get some leverage, but if it's leverage you want, switch over to trading the e-minis in the futures. Leverage is huge.
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Up to a while ago Rydex and Profunds were the only practical way to go "short" the market from inside an IRA. (Main restriction is you can only trade at the end of the day, but it is not as bad as it sounds)
Now you can do it with e-minis. Problem is your last sentence: <g> ("Leverage is huge")
It's a whole different game that I (for one) have to learn all over again...
H.
I see only two white soldiers there. The third may come Friday, and then we might drop Monday?...
H.
E*Trade doesn't charge commission if you switch between Rydex funds, and the cut-off time is 4PM. (no Profunds though)
Minimum I think is $15K. Sometimes they force you to stay 2 days, sometimes you can switch the next day.
You can always open an account at Rydex, but the minimum is $25K.
H.
Hawk,
I just wanted to drop by, and tell you that I'm in a very similar position to yours. I have good experience in Rydex funds trading, and swing trading, but my day trading with NQ's and ES's has gone downhill from the beginning.
As I told Trainguy in a PM I'm really benefiting from his "Notes for Beginners to Futures Trading".
Hold on in there you are not alone... <g>
H.
I couldn't care less either way.
But if I were commissioned to make a "grass roots" video to discredit a candidate I wouldn't want to make it sound too professional...
H.
(Who sees black helicopters in his sleep, and is deluded into thinking that the powers that be are at this very moment conspiring to raise the retirement age. --Except for congressmen, of course)
Zeev,
I'm blinder than usual.
Do you see the march to the 1900's resuming tomorrow, or a couple of up days to mark EOM?
Thanks in advance,
H
Weird...
ES and NQ have been updating perfectly for me... (IB feed)
H.
Great post.
Thanks,
H.
No, no...
It's darkest when my stop hits.
Then it reverses shortly afterwards...
<g/ng>
H.
Trainguy,
just a follow-up to your message.
The problem was indeed a memory leak when running concurrently Sun Java and Microsoft JIT compiler. I disabled the MS JIT Compiler (Java) 3 days ago, and now my system has been running like a violin ever since. (Even IB TWS that was always very sluggish has now some spring in its step <g>)
Thank you again for the tip. I'm a very happy guy...
H.
Wow indeed!
I like the extra dimension the spiders add to TA!!!
In the original site they have another chart with a plane going down in flames.
I don't know enough TA to know whether the analysis is sound (it looks that way) but the graphics really scare the pants out of you. <g>
Good find.
H.
Hey. We've all been there, and it's useful to know what works for other people. (You cannot rely only on advertising, you know.. <vbg>)
H.
I've been using myIE2 browser for over a year now.
http://www.myie2.com/html_en/home.htm
It puts all my open browser windows in one tabbed window, lets me "un-close" closed windows, and blocks popups. (Among many others features that I don't use)
I highly recommend it as an Internet Explorer substitute.
Ah, it's free.
H.
Thanks for the tip.
You might consider upgrading to XP even if it might have Java compatibility issues. In all other aspects is far superior to 98SE.
If I don't run IB I can go for weeks without rebooting. (No system errors at all) I remember Win98 would reboot 2 or 3 times a day.
On the other hand XP has (lack of) privacy issues, and is going to cost more than 98SE for sure. <g>
Thanks again.
H.
Just back.
You might be right. I have both versions of Java (MS and Sun) installed 'cause I need them both for different programs. (Some programs work only with MS's and some only with Sun's. Idiotic!)
Tomorrow I'll try disabling the MS version looking for improvements.
Thanks for the tip.
H.
One more thing: you should always minimize IB when you are not using it. All the other programs work "jerky" if IB is still open even if its windows are not visible.
IB Java just takes over all the idle time available unless you minimize it.
You can confirm this opening the Task Manager.
H.
That IB software just consumes a lot of (RAM) memory. (And more so as the session progresses) See what happens if you close all the other applications. Rebooting the computer every hour or so should help too. (But is a pain in the neck)
I'm assuming you have XP and at least 256Mb of RAM. I have 512Mb and every 4 or 5 hours it slows to a crawl. I close all applications and re-open them and that gives me another couple of hours.
If I'm not running IB my computer works just fine, even with many programs open.
I suspect this is just a side-effect of the Microsoft-Sun fight for Java. (IB uses the Sun Java machine)
H.
Congratulations for today's roadmap.
Do you see more of the same for Tuesday?
TIA
H.
Well, I guess I missed the whole point too.
I do Dynamic funds in Rydex, and I'd like to divert some money to the sector funds once in a while, but I don't do it because I'd have to wait in cash one day going in, and one day going out.
Apart from that I'm very happy with Rydex.
(But I know I too missed your point... <g>)
H.
Please see my edit to:
http://www.investorshub.com/boards/read_msg.asp?message_id=2362979
Warmest, not wormiest! I apologize.
Yeah, we all heard that several times...
But honestly, now that I mentioned my wife, by constant preaching it comes a time at which you obtain exactly the opposite effect. (No hidden sarcasm or irony here)
We had horrid presidents in the past, (Johnson and Nixon come to mind) and we survived as a country.
This will come to pass too. (Although the other political party is doing precious little to help)
Wormiest regards,
H.
PS: My last post on the issue. You are welcomed to have the last word. <g>
ON EDIT: I meant to write "warmest" but stupid spell checker gave me "wormiest" and I went with it! I hope you found it hilarious!
Whatever...
(It was only a joke. If I want preaching I already have a wife)
<Rhetorical Question>
There are permabulls, and permabears.
Why would somebody that knows that being "perma" is bad so insists in being a permademocrat?
</Rhetorical Question>
H.
Well I doubt that Kerry drinks anything but tea...
<bg> of course.
H.
I think this is the "roadmap" Steve is refering to:
http://www.investorshub.com/boards/replies.asp?msg=2299114
H.
>>>>>>>>>>>>>>>>
No offense, but the fact that you own a Sienna and judge tires by the brand name with no reference to the tire model number strongly suggests you know nothing about tires.
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Yeah, cars are just a tool for me. I don't go gaga over them nor I keep current with the latest fads. (There was a time I took my car's engine completely apart, and put it back together, but engines have changed TOO much in the last 15 years...)
But I know enough physics to know that even if at 80 mph 2 psi might make a difference there's NO WAY you can measure tire pressure with that precision. So whoever designs them have to make allowances for a variance of at least +-5 psi.
I knew that a guy driving a Sienna would be a point of contention. (That's why I mentioned it in the first place <g>) It happens to be the best car all around I'd driven in 30 years even if I cannot participate in pre-superbowl conversations about Jaguars and Beemers.
BTW: This is my last post on the issue. You are welcomed to have the last word... <g> (If you didn't already)
H.
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And besides, it wasn't the tires, it was a combination of (a) lazy owners not maintaining proper air pressure in the tires and (b) a slightly low recommended air pressure for the tires by ford, and we're talking 28 psi rec when it probably should have been 30 psi.
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I see that you bought the party line. <ng>
If memory serves the reason behind the Firestone fiasco was that after a several week long strike at Firestone the powers that be decided not to ditch the tires that were interrupted in mid-process (ruined) and sell them to the public anyway in order not to incur in further losses. The rest is history. (but it seems collective memory is quite frail...)
Another thing: do you really think that 28 psi and 30psi makes ANY difference? Any gauge you use to measure tire pressure has an intrinsic error greater than that.
Disclaimer: at about that time I had 2 (regular) Firestone tires that came original with my Sienna going to shreds in two different occasions. Of course the Sienna was never close to turning over as it is a far better car than the Explorer. I've heard of quite a number of people with similar problems in diverse car makes that never made it to the news. (mostly because nobody died)
After the second incident I put 4 new tires from a 2nd tier manufacturer (Bridgestone, I think) In 6 months the threads were gone. Disgusted I switched to Michelins 1 1/2 years ago and they still look like new.
I don't want to start a debate, but you talk about FUD and FUD is exactly what Ford and Firestone did...
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What everyone fails to understand is none of these people are any good at all
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Amen brother! Amen.
<Rhetorical question to ponder by yourselves --No need to answer, please>
Now what does it make of anybody following them?
H
Hey, maybe is somebody who got 50 free trades (for not being able to trade yesterday) from Ameritrade and wants to piss them off.
H.
Zeev,
your turnips have been on fire of late. Congratulations!
(I cannot help but ask: <g> what % cash you plan to go to sleep with tonight?)
TIA
H.
I have another interpretation.
He has no intentions of raising rates now, but he switched the language now to something more ambiguous so he doesn't have to do it in the future when needs are more pressing, and the switch of language far more significant.
Just my interpretation.
H
If you are going to trade only Rydex funds then Rydex proper is an excellent choice. (Besides I think you pay commissions for trading Rydex funds in Ameritrade no? I would in Datek...) Only drawback you need $25K minimum to open an account. (But they can be talked to lower it...)
I also buy and sell Rydex funds in E*Trade and I cannot really complain. (Although E*Trade as a whole sucks) They charge no commission, and the cut-off time is 4PM. Only thing is you have to remember to keep a couple of shares of the opposite fund (ie: RYVYX and RYVNX) all the time to be able to switch everyday.
(If anybody has E*Trade and found out that sometimes cannot trade Rydex two days in a row PM me and I'll explain the trick to be able do it...)
H.
Hey, only a few hours ago most everybody (me included) was thinking that "2080 is too low"
I agree with you but I'm going to seat in the door of my house and wait... <g>
Nice calls Zeev!
H.
Rydex coming out with Dynamic Dow funds, and Reverse Mid-Cap and Small-Cap funds. (among others...)
http://www.rydexfunds.com/campaigns/redherring.cfm
H.
>>>>>>>>>>>
Anyone here trade Rydex intra day?
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You mean at 10.30AM?
It's more difficult to do than at the end of the day for 2 reasons:
1) You have incomplete information of what happened that day. (duh!)
2) (most important) The lag between the time you make the decision (10:30AM) and the time the trade is valued (10:45AM) is just too long. IT can move quite a bit in those 15 minutes making your trade go the other way.
That said this is the way I sometimes trade it:
a) If for any reason I was not able to reverse the previous day at 4PM, AND the trade today is going in my favor I might reverse at 10:30AM. (Depending if I think that the conditions of the market didn't change)
b) If at 10:30AM I have a gain of at least 1% and I think that the market might reverse I go to cash with 50% of the position. (Never reverse position)
(As you can see the key factor here is that for trading at 10:30AM I require that the trade be going in my favor. If I'm behind I don't move because I risk losing double if the market reverses)
Mostly anyway I only trade at the end of the day.
Hope this helps,
H.