Thanks OC and nkhoi for pointing out my mistakes. The 13 contracts were generated by TWS somehow and I corrected immediately with lost of 13 points in that transaction. Another big mistake was the first trade with about 6 points lost because I was struggling with the book order screen. My P/L would be positive(13pts) otherwise. For most people in this thread, the result is nothing; however, it is very encouraging for me. Before I found this forum, I never heard about "Future" and never traded anything. I learned by watching recorded videos and reading posts here. Yesterday was my first time to HIT T. Again, thanks Spyder and all posters in this forum. Eneratom
You can apply to IB for a Paper Trading account (not a demo acct). The Paper Trading account (free) provides the same live quote and trade privileges as your real money account. You can test out your "buttons" over there. For more discussion of software issues, you can post your questions at: (p.s. we can accommodate HW questions too.) http://www.elitetrader.com/vb/showthread.php?threadid=97684
This was certainly a day of two markets eh? The morning with its shallow channels wreak havoc on me (per usual). It seems even the slightest congestion whether I anticipate it or not, chews me up Additionally, I find myself in the "damned if you do, damned if you don't" phase of learning. Specifically how to better distinguish FTT's and flaws. Seems at present I'm wrong either way if I presume a flaw or if I don't Finally, the huge swings in the end had their way with me...and not in a good way. All in all a good day, although exceedingly frustrated during the slow/shallow channel part. I have to get a better grip on the macro trend of volume to better handle these periods.:eek:
At what point today did anyone notice the 1045 bar was a change bar and what were the signals (tools) that you used to determine this ? note - I am using only ES price and volume My thinking was at 1045 everything looked OK. No obvious FTT. At 1050 a DEC RED PRV Bar so I'm thinking dip or stall but will not know to next bar. At 1055 I am seeing INC RED PRV lower lows and lower hi. Looks like a ST and change in sentiment. During the 1055 bar is when I had some confident of my short channel and probably during this bar would of went short.
Here is what I saw. I am recording my entire screen setup and just reviewed this portion of the day. In real time I think I caught basically what I am about to tell you. In review, it seems quite clear. About 10:47 stretch/squeeze started going below neutral and it got as low as -7. The s/s signal for change seemed to continue all the way through the close of the bar. I was not able to see any DOM wall get in the way of the drop. At the bar (10:45) close the YM showed a flaw bar in the non-dom direction suggetsting change also. Hope this helps.
YM tipped it off a little, tick chart definitely showed the dominant shifting. None of that helped me though. I have gotten in the habit of everytime a vol exp happens, pay close attention to the next bar. The 10:50 bar made a slight attempt at running up again before being denied. You will see this happen quite often, and although it doesnt seem like much, these moves often turn out to be big ones. The same kind of sequence unfolded at 14:25/14:30, but the run up attempt was a little more pronounced at this one. Also, in my opinion the 10:55 bar has all the makings of an ftt. Hope I dont have to put on the dunce cap when Spy reads this... EDIT : I see on Spy's chart the 10:50 didnt up tick, maybe mine was just off or something...