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The Red Bar is the one minute ZS N/X exchange traded spread, and the Blue Bar is the synthetic spread expression. You can appreciate the latency issues with the outright November contract prints creating a different synthetic price trading range as compared to the actual (true) exchange traded...

Don’t do that if intraday spread prices are important for this person’s project. The latency between prints for July and Nov outrights during the course of the trading day will give much different synthetic pricing than the actual exchange spread. HOWEVER, if all that is required is a Daily...

I didn’t intend that post to be a jab at TA - more a reality check on what quality to expect for free in terms of timely, actionable and useful information. Make ONE bad trade with a live account and “free” becomes very expensive :banghead:

The cartel bid ? :D

Why?

Only useless for speculative trading purposes.

I once saw a floor broker in the Five Year Note Pit buy a twenty lot like clockwork every two minutes. Over a six hour period he had bought a couple thousand for the client - without anyone knowing or caring. Only reason I found out was because I stood near him and of course had noticed then...

You’re hilarious. 2940 is where the big swinging dicks goose the MIT and stop-limit orders. It’s the world’s cheapest short term call option.

The Wave Counters, the overbought/oversold index aficionados , the Gann boyz, get F’ed every time in a trending market

What did you do with your February short at 2813 ?

Meant no offense. Lots of opportunities in the CL and RB spreads.

The play was in the CL M19 - CL V19 Spread (or N-X). You had the correct trade development premise but your choice of expiry and product was schite. Maximize the Summer bid but close it out before hurricane season.

For OPEC.

The refining runs have already been converted over to gasoline for the warm months. There is very little supply or demand drivers aside from Jet Fuel in late Spring / Summer for HO.

SIZE traders in modern electronic markets have several methodologies for moving size without attracting too much attention. And you won't pick it up with Market Delta or any of those other "footprint" tools. Hands-down their favorite method is to ICEBERG orders. TT has offered the iceberg...

Wipe your butt with "the books" :banghead:. Floor brokers get paid on FILLS. They don't get paid for unfilled orders. They will have their clerks shop around size to all their best customers.

The best bid and best offer gets spoofed all the time as well. And trades get crossed. The DOM is full of illusion. And bid versus offer imbalances are pure smoke and mirrors as well. If anything, resting volume invites trade. One of the first things I learned while on the floor was NOT to...

This depends entirely upon what you expect for "free". Will you be able to beat other day traders in the precious metals markets with "free"? No way. The LME drives the market. And LME traders don't use "free" metals news feeds. They're mostly commercials and dealers - and they're very well...

Really strong bid in the front end of the curve.

Well, we would be looking at a minimum $80 - $100 if not for prodigious and durable North American production. There will come a time when we get a serious stock market correction which of course would likewise crush the oil market accordingly. Iranian production is about 3800 barrels per day...