In the situation where a futures position moves against you, resulting in a margin call while you are on vacation and unreachable, and where there is other collateral in the account (such as equities, options on futures, etc.), what happens? I imagine one of these three scenarios? A) The brokerage firm liquidates the other collateral in the account to meet the margin requirement, keeping the losing futures position open. B) The brokerage firm liquidates the other collateral in the account... What happens when a margin call occurs during vacation with other collateral in account ..read more

CPI for April (released May 15th). Forecast 3.4 % / Actual 3.4 %. The market traded higher into CPI and rallied 1.75 % to all time highs and closed up 1.68 % on the day. Chart below showing the entire week. Prior to that this year, every CPI came in higher than forecast. With the exception of the March release (+ 1.08 % on the day), every prior CPI this year saw a decent dip on CPI day. This particular Wednesday also have FOMC on the same day, so it could be an eventful day. An educated... CPI Wednesday ..read more

Just curious what you thought about it. I'm not looking to attend one myself but I'm sure someone here went.. Please friends, do not post unless you went. (or have gone to any previous workshop of his). I understand many people do not agree with his method or like him. That is OK; I just request that you don't talk about that here, please. Mahalo ..read more

Hi, I’m struggling to get the same settlement price as the NQ futures on CME. On their site it says it’s calculated by VWAP at 14:59:30-15:00 CT I went to that 30 second bar on the NQ chart and did the following calculation : High : 19067.75 Low : 19052.75 Close : 19065.75 I added those 3 values up then divided by 3 = 19062.08 The volume for that 30 second bar was 5919, so I multiplied that by 19062.08 = 112828471.3 Finally for the VWAP figure I did 112828471.3 / 5919 = 19062.08 The... Calculating settlement price ..read more

I am looking for a subscription service recommendations for someone who primarily trades ES, NQ (open to GC, CL too). I am after someone who: provides alerts for their entries uses wider stop losses of 10 points or more (happy to consider 10-50 point stop losses) day trades during RTH provides some educational material too is experienced and profitable Please share any traders who fit this criteria. Thank you ..read more

Hi, everybody! I realize this might seem like an incredibly stupid question for seasoned traders; but, I am relatively new to daytrading—have only been practicing for about two years on Paper Trading on TV and Funded Accounts with Topstep and Apex. I have a very limited amount of exposure to the actual Live market conditions. I have a very simple question. One of my best models is scalping NQ for 3 handles (12 ticks). I have had success with this model trading it on Funded SIM Accounts... Is scalping 3 handles/12 ticks on NQ feasible in Live market environment ..read more

Is price eligible for more selling pressure this coming week? I think demand is weak and sellers are still having a strong interest on lower prices ..read more

So, this morning(2024-05-14 07:30:00). There is a big spike on MES. Almost 30 points in range. I checked the news, without finding any big events happening. Any clue, why is this? View attachment 340352 ..read more

I have a question to the ES traders out there who mark yesterday's close on their charts. As far as the day session is concerned, what is the statistical probability based on historical data price will "close the gap" back to yesterday's close sometime during the regular session? Take today for example, the ES traded above yesterday's close (5205) to 5226. Later in the session price fell back to 5205 and bounced off it. I have noticed that price has a frequent tendency to find it's way... Yesterday's Close ..read more

I am curious how everyone did daytrading and/or swingtrading futures in calendar year 2023. For context, please let us know whether you traded part-time or full-time in 2023, whether you daytrade or swing trade, what instruments you trade, and whether you are discretionary or algo, or something in between. Also, feel free to share to your broker and any thoughts. No need to discuss specifics of your strategy, as I don't want anyone to give out their edge. I'll start. I daytraded... How much did you make daytrading or swingtrading futures in 2023 ..read more