01/31/2012 Intraday Watering

[Petsamo]

long UNG @ 5.32, 150 shares only

Since I've been winning, the probability is high that I lose this one

[soku]

Could some one tell me about TD Ameritrade Sink or Swim. I use there Command Center.Is Sink or Swim that much better.Also it seems hard to use. Thanks

thinkorswim is somewhat complex. lots of features. craps out on occasion. iphone app for thinkorwim is excellent. can add prodigio to thinkorswim and craft queries to run backtests or live trades on platform, this is very cool.

i'm a TOS user...but as has been pointed out - takes time to really get into all the features, and it has the tendency, especially on NFP fridays and such, to crash. i trade a lot less intra-day, almost never now, so at this point that doesn't matter. but last year when i was trading up to 5-10x's a day, it was getting rather frustrating. with that being said, i think it has some really great features if you can wrap your head around them...eg their risk and probability analysis tools.

it's single options' commissions are really high...but their spreads/straddles are much more competitively priced.

which reminds me, i'm going to open a separate account to trade single options...

anyone have a personal review/experience with Option House?

they seem to be the cheapest for that @ plan 2 which is 8.50 + .15 per contract trades...

aka 50 contracts would cost you 8.5 + 50(.15) = $16 each leg.

TOS 50 contracts cost you 84.95 per leg.

as a tos user, i don't have problem day trading (most of the time). in a market with dramatic move, nobody is reliable. tos is reliability rating is lower than average tho.
i trade option house a while ago when they still have the 10 buck flat rate. for commission price, number of contract each trade and overall volume are 2 big things. if your trade is big, such as 50-100 per trade, you shd consider those flat rate broker. i think there is still one there charging 17-18 per trade. if you are trading 1-5 per trade, there are brokers don't charge order fee but just contract fee for about 0.75-1 per contract. overall, if yr monthly vol is high, u can always negotiate commission.

[Unique]

The dollar and bonds are ripping to the upside

good boys.

eur/usd just broke its neckline......lets hope it drops like a rock!

Bloodbath! Go bears, below yesterday low eur.usd

[TraderGirl]

looks like a bear flag so far.

Nice!!!

[jarbo456]

Could some one tell me about TD Ameritrade Sink or Swim. I use there Command Center.Is Sink or Swim that much better.Also it seems hard to use. Thanks

thinkorswim is somewhat complex. lots of features. craps out on occasion. iphone app for thinkorwim is excellent. can add prodigio to thinkorswim and craft queries to run backtests or live trades on platform, this is very cool.

i'm a TOS user...but as has been pointed out - takes time to really get into all the features, and it has the tendency, especially on NFP fridays and such, to crash. i trade a lot less intra-day, almost never now, so at this point that doesn't matter. but last year when i was trading up to 5-10x's a day, it was getting rather frustrating. with that being said, i think it has some really great features if you can wrap your head around them...eg their risk and probability analysis tools.

it's single options' commissions are really high...but their spreads/straddles are much more competitively priced.

which reminds me, i'm going to open a separate account to trade single options...

anyone have a personal review/experience with Option House?

they seem to be the cheapest for that @ plan 2 which is 8.50 + .15 per contract trades...

aka 50 contracts would cost you 8.5 + 50(.15) = $16 each leg.

TOS 50 contracts cost you 84.95 per leg.

as a tos user, i don't have problem day trading (most of the time). in a market with dramatic move, nobody is reliable. tos is reliability rating is lower than average tho.
i trade option house a while ago when they still have the 10 buck flat rate. for commission price, number of contract each trade and overall volume are 2 big things. if your trade is big, such as 50-100 per trade, you shd consider those flat rate broker. i think there is still one there charging 17-18 per trade. if you are trading 1-5 per trade, there are brokers don't charge order fee but just contract fee for about 0.75-1 per contract. overall, if yr monthly vol is high, u can always negotiate commission.

thanks for that advice. my average initial position is 10-20 contracts. i try and keep a max size at 50 contracts.

[BullBear52x]

I see some pos D, but this one will trade sideways to down at best.

[shumushu]

long UNG @ 5.32, 150 shares only

Since I've been winning, the probability is high that I lose this one

Every trade is an independent event.

[Petsamo]

long UNG @ 5.32, 150 shares only

Since I've been winning, the probability is high that I lose this one

Every trade is an independent event.

Statistically, I guess you're right

[fehro]

for TZA fans... a break of the trendline?... or support (could be a flag for another pop up) fwiw.

[KENA]

Thanks for the info on TOS..I think I will just stay with Command Center,I have been using it for a long time.Thanks again.

[waverider]

I'd say that the HFTs are responsible for all moves now and especially the fast ones. There was a day a few months ago where they put the Dow up 70 points and back down again in one second. Fundamentals have absolutely nothing to do with this mkt, although they'd like you to think so. It is a casino where the house (a select club running HFTs) have all information and are constantly pushing money into that slot on the craps table in a game where there is a large pool of money. Like a divorce lawyer, his job is not to protect the client, but to figure how to best get at that money involved in the game (I knew a divorce lawyer and he told me that while drunk....great guy!)

Swalsh, the HFTs are competing with other HFTs. The HFTs are not after our position size... If you pay attention to the screen, you should be able to understand what they are doing.

[BullTart]

Thanks for the info on TOS..I think I will just stay with Command Center,I have been using it for a long time.Thanks again.

I like to use both... Command Center suits my intra day needs better. I use TOS and Prophet for analysis, and TOS has some basic scripting capabilities to create your own indicators which is useful.

As others have mentioned, TOS does tend to die once in a while.

[thanos]

long UNG @ 5.32, 150 shares only

Since I've been winning, the probability is high that I lose this one

Every trade is an independent event.

It should be an independent event but we are human and tend to remember are past trades which affect our future trades.

[SB73]

long UNG @ 5.32, 150 shares only

Since I've been winning, the probability is high that I lose this one

Nice move...I was considering the same since we are at the 61.8% fib retrace.

[Al_Dente]

TLT 30 min
http://stockcharts.com/h-sc/ui?s=TLT&p= ... =255737147

[Al_Dente]

Junk is selling off a bit, risk-off (HYG) but corporates are still risk-on-ish (LQD)

[xglider]

Cobra,

is the SPX a bear flag or a bowl shaped basing pattern?

Concerned this can become a cup and handle! (Yes,I'm a bear)

[Petsamo]

long UNG @ 5.32, 150 shares only

Since I've been winning, the probability is high that I lose this one

Nice move...I was considering the same since we are at the 61.8% fib retrace.

Since my buy is 48 cents below my previous sell gives me some comfort.

[Cobra]

resistance. normally, should be another leg down. let's wait.

[Cobra]

Cobra,

is the SPX a bear flag or a bowl shaped basing pattern?

Concerned this can become a cup and handle! (Yes,I'm a bear)

still looks like a bear flag so far.