Trading Futures Online

Issues with IB data source

January 15, 2008 – 6:23 am
10:23pm I had a tough time trying to sort out the pre-market data that screwed-up my charts yesterday. There were some price bars reflected, that were clearly not even shown on IB's trading platform, that is, the day's (Globex) highs & lows- it was really strange. In any case, it simply distorted my charts and the online help that I asked for, was really of no help at all, in handling my

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New Feed by FeedBurner Added

January 13, 2008 – 6:13 pm
For those of you who actively subscribe to feeds or emails of blogs, or websites, I am pleased to announce that I have added those features to my blog, as of today. Being rather "blur" (local euphemism for "stupid", "dummy"...I think you get the picture) to such features, please feel free to let me know what other things I can add, to make your visit to my blog, a more pleasant and fruitful one.

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ES TREND Chart: 2 Leg Bear Break Invalidated - PRICE Failing But Some Possible Respite Next Week?

January 11, 2008 – 4:50 pm
My ES TREND Chart above... My earlier post yesterday had suggested more upside in PRICE for yesterday's trading session. But as the day wore on, PRICE movements during the Globex session, coupled with the start of the actual trading session, made me shift my view. That's the reason for the single post last night, warning of a possible failure in PRICE, in trying to breach the previous day's

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Will We Get To See Yesterday’s ES Trading Session High, Today?

January 11, 2008 – 6:50 am
10:51pm With the SWING Chart's indicator pointing down, it may be a tall order to expect PRICE to breach yesterday's trading session high of 1436.00

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ES SWING Chart: PRICE Is Still Heading Up…No Failure As Yet

January 10, 2008 – 4:17 pm
My ES SWING Chart above... Clearly, PRICE is yet to reach PRIME, so expect more upside to this move. To continue the Bear TREND, PRIME Resistance at 1511.00 must not be taken out.

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GBP Futures: Still No Bottom in Sight…

January 9, 2008 – 7:53 pm
My GBP TREND Chart above... As you can see from the chart above, there is still no sign of a bottom...we are totally in a Bear TREND, with Lower Lows, Lower Highs, then Lower Lows - other than the "occasional illogical" oscillation, like a Higher High or a Higher Low. We need a 3 Leg Bear Break, to stop the Bear TREND, and then an entry to go LONG, on a SWING basis.

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ES SWING Chart: A Bottom in Sight?

January 9, 2008 – 4:14 pm
My ES SWING Chart above... Even though we may see a bottom in sight for the current down move, the expectation is still for PRICE to make a Lower High, due to the current Bear TREND we are in...

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The First “Crack” Has Surfaced…As Mentioned In My Last Post On Saturday, 5th January

January 8, 2008 – 4:04 pm
My ES Position Chart above... Yesterday's trading session has resulted in a Leg 1 of Back Door Bull Break, on my ES Position Chart. It is just the first warning, the market is telling us. We still need 2 more Legs, to confirm the Top.

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Futures Traders Make Money on Noodles

January 8, 2008 – 1:39 pm
No, we’re not talking Chinese here. We’re talking about the NASDAQ 100 e-minis, also called noodles. E-minis were introduced with the rise of electronic trading and are now traded on the NASDAQ 100, S&P 500, Dow Jones, bond, currency and other markets. In our Futures Trading Secrets course, we recommend that our students trade the e-minis. Why? (more…)

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Leg 1 of Back Door Bear Break in Progress, on the TREND Chart

January 8, 2008 – 6:31 am
10:43pm Long 1431.75 / STOP 1430.75 10:45pm Moving STOP to 1431.25 10:46pm Moving STOP to Break-Even. 10:48pm Out at 1434.50 / +2.75pts. 10:50pm Whoa...got out just in time...the retracement in PRICE is pretty deep. 10:52pm Are we done with Leg 1 of Back Door Bear Break? Let's see if a SHORT set-up presents itself... 11:04pm Thot the data released would dampen the mood...apparently it didn't. 11:

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