12/06/2011 Intraday Watering

[wayne0708]

Crude Oil hourly update

hey Dow Trader, do u have a blog? i like your charts

yes .... http://easytrades50.blogspot.com/

heading toward end of triangle...any time now!

[millie]

what times is the planned impending news, to goose it up then for the crooks?

[CognitiveDissonance]

Any thoughts on IB as a broker for equities, futures and options?

Thanks!

[alphahorn]

what I'm thinking

[CognitiveDissonance]

vix chart and analysis - not mine - it's way too advanced to be mine

http://vixandmore.blogspot.com/2011/12/ ... n-row.html

[dtguru168]

I am using it, pretty good

Any thoughts on IB as a broker for equities, futures and options?

Thanks!

[CognitiveDissonance]

I'm playing with less than 20k, worth it?

[stucap]

Any thoughts on IB as a broker for equities, futures and options?

Thanks!

can't beat their pricing on commissions....

but be aware of the following:

a) customer service reps are not polite and it almost seems like you are bothering them with questions
b) if any errors occur, you are guilty until proven innocent and treated as such
c) be careful with margin because they reserve the right to liquidate your positions intraday (i.e. i know some people who got screwed during the flash crash)

[Me XMan]

Come on let me say BADA BING BADA BANG!

[RZRsharp]

Any thoughts on IB as a broker for equities, futures and options?

Thanks!

Hey CD, I use IB and I have found them to be superb, and better than OXPS, Schwab, and TOS all of which I have used in the past. I do still have a TOS account for the free data, and I still use Schwab for checking, but for trading, the cake is taken by IB.

The way I use IB is JUST to execute, that is ALL. There is ZERO data feed in the account, save for the $10 corporate events calendar which is very handy for earnings announcements. Other than that the monthly expense is negligible. The pluses aside from ultra cheap commissions are the myriad ways to create orders to hide size/intentions, there is a LOT of functionability with respect to bracketing orders.

Two big pluses are they hold the stops on THEIR server until the trigger price is hit. I will take this ultra millisecond lag in exchange for my order NOT just sitting on the order book, like it will do with those other brokers. The other HUGE one for me is you can elect for trades to trigger on a LAST price, not bid/ask which helps prevents the stop runs where your trade is the actual tick low.

I have heard their customer service is poor. Do not expect any niceties from them, although I myself have not had any trouble.

I am not affiliated, so this review is just my perspective from being a customer, hope it helps your decision.

[RZRsharp]

I just saw stucap's comments and want to add that I have heard ALL of those things myself, but not experienced any firsthand. But I have heard them as well.

Also, the knowledge of their limitations in advance (ie that they are not accommodating to various customer issues relating to margin, fees, etc) can go a long way towards prevention (inasmuch as you can plan a remedy for the problem or be aware of the possibility).

[Me XMan]

Oh yeah! BABY! BB52X you better grab on with both hands...

Come on let me say BADA BING BADA BANG!

[cougar]

what I'm thinking

NOW: Did U change your mind ?

[Petsamo]

Cup & handle worked out. So, what's the good news ?

[MrMiyagi]

Cup & handle worked out. So, what's the good news ?

They looked at my account and saw I was short and decided to check my tonsils; through my anus.

[Me XMan]

Banging $127 would be real nice.

Cup & handle worked out. So, what's the good news ?

They looked at my account and saw I was short and decided to check my tonsils; through my anus.

[wayne0708]

is this a head fake?

[stucap]

I just saw stucap's comments and want to add that I have heard ALL of those things myself, but not experienced any firsthand. But I have heard them as well.

Also, the knowledge of their limitations in advance (ie that they are not accommodating to various customer issues relating to margin, fees, etc) can go a long way towards prevention (inasmuch as you can plan a remedy for the problem or be aware of the possibility).

Agreed --- if you know what you are getting into, they are fine.

Also, they are a solid company financially --- they even had the $$ and cohones to look at buying MF Global until they saw they got the books and saw the mess and hightailed it.

[CognitiveDissonance]

I just saw stucap's comments and want to add that I have heard ALL of those things myself, but not experienced any firsthand. But I have heard them as well.

Also, the knowledge of their limitations in advance (ie that they are not accommodating to various customer issues relating to margin, fees, etc) can go a long way towards prevention (inasmuch as you can plan a remedy for the problem or be aware of the possibility).

Thanks for the feedback guys, I think I'll make a move to them soon.

[stucap]

is this a head fake?

i pray so. mkt is teflon coated right now.