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  1. bone

    Spread Trading Strategies

    While most of my clients are seasoned professionals, I have taken on a few more "retail oriented" clients who are starting out with very modest futures accounts. They want to position trade, which makes sense. They can carry about a dozen different spread combinations, overnight, in several...
  2. bone

    Spread Trading Strategies

    One of the fantastic developments amongst the major futures exchanges the past few years has been the expansion and proliferation of the exchange spreads. For the exchange supported spread, the exchange matches the legs internally for you - there is no legging risk ! Better yet, at least...
  3. bone

    Spread Trading Strategies

    Spread Trading - to me at least, is a completely different way of looking at markets. Statistical or fundamental relationships between instruments are the driving influence. I personally like to use both statistical analysis and a specialized charting technical study in terms of spread...
  4. bone

    Spammer

    http://www.elitetrader.com/vb/showthread.php?s=&threadid=243784 Spam - He has a link for a coaching paid service.
  5. bone

    what kind of training do you get at a prop?

    I hear that one as well time and time again; 'nobody wants to take risk'. It seems like they want arbitrage and spread trading and highly correlated relative value strategies ( like 'lead-lag' ). If you have that on an automated platform that is already proven - then that seems to be the...
  6. bone

    Firewall that doesn't increase latency

    Trading Technologies generally makes you disable Windows 7 User Account Controls, the Base Filtering Engine, and any anti-virus or firewall applications. It does worry me about security, but so far nothing bad has happened over the years. I have a workstation dedicated for trade execution...
  7. bone

    what kind of training do you get at a prop?

    The challenge with being totally reliant upon a firm to teach you is that the firm suffers from complete exposure to that singular strategy, and you as one of the trained monkeys goes down with the ship. I have seen alot of it here in Chicago. There is/was a prominent fixed income spread...
  8. bone

    Prime International Trading

    Prime is a proprietary trading firm in Chicago - mostly market-makers, especially in options, but they do have some spec traders with track records. My point being, it would take a legit track record to get them interested in backing a speculative strategy. I trained one of their traders...
  9. bone

    leasing a CBOT membership

    Are you planning on standing right next to your Brother who fills paper and has lots of opening market orders to fill ? If so, fine. If not, why not just save the time and hassle and money and trade electronically ? There is no "edge" or advantage to being on the floor otherwise. In...
  10. bone

    CME/CBOT Seat Leases -Why have they just dropped in value?

    Correct. Even if you are registered as an Electronic Trading Firm with the CME, you have to either own or lease a seat to get the Member Rates, which is huge. It would be economically impossible to HFT without Member Rates. And there are no economically viable or substantial futures...
  11. bone

    Crack Spread - Information

    Actually, July RBOB future is ten tics wide on the bid / ask spread, and the July RBCL exchange spread is five tics wide on the bid / ask spread. The volume on the RBCL spread is weak, but you would not realistically be able to leg the spread better on a consistent basis using flat price...
  12. bone

    Crack Spread - Information

    Yep, you want to definitely use the exchange spreads ( RBCL and HOCL ) - legging those manually would be a shit show for sure.
  13. bone

    CL / RB / HO volatility mismatch?

    Don't do it... the Cracks have ALWAYS had very high vols. Always. Crude is very abundant... the refined distillates, however, are very production dependent. You can't just dump raw crude oil into your Camaro.
  14. bone

    Who has the cheapest futures commissions, ans safe?

    I have always been curious as to why even retail oriented traders use an Introducing Broker and tolerate that additional haircut and trade routing - I have clients who seed accounts directly at FCMs like Crossland and Advantage with $25K. Just interested to hear that perspective.
  15. bone

    Why do we need a 400 million a pop F-22 jet to blow up camels?

    The F-22 ( and the Seawolf submarine ) are a few of the more expensive and notable timing artifacts from the cold war. The last hurrah and 'swan song' for manned fighter aircraft in the US inventory. All future generations of both land-based and carrier-based fighter/interceptor/air...
  16. bone

    Billionaire trader John Arnold retires at 38

    If you pay Republican administration tax rates, you can afford to be an Obama supporter ! IMO, the really thin Energy OTC markets precipitated this move more than anything.
  17. bone

    Learning to read Price Action with P&F Charting

    The breakouts in Market Profile from an existing control area to establish a fresh new 'value area' is a very similar concept. The great thing about P&F is that you don't need to have this extended price chart on the horizontal axis in order to see where the price breakouts are occurring...
  18. bone

    RSJ - latest update or lack of

    I do not think it realistic for you to expect a firm to continue to post volume figures when they are under no obligation to do so - except of course that they started down this self-promoting narcissistic path themselves. If Monika will not provide the latest volume figures, I think it only...
  19. bone

    Understanding IB Spread Charts

    And the previous TT spread market order book matches the exchange spread chart with live Nymex data:
  20. bone

    Understanding IB Spread Charts

    Here is a screen print of a CL Exchange Spread Order Book, June12-Dec13, off of my Trading Technologies Pro Platform:
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