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It's unwieldy. The market scanning and monitoring function does not allow for much customization in terms of indicator packages and even more specifically custom user defined indicator packages. Building custom user defined studies is clumsy and needlessly burdensome - early '90's technology...

You are making fantastic points, Mav, as usual. And for the record in terms of the clients I take on, I insist that they have trading experience. I also get some feedback from the references those clients interact with as part of their due diligence - from time-to-time, I won't take on a...

No doubt about it. Well said.

Mav, I hear what you’re saying about particular aspects of the energy space. I spend a lot of effort with clients talking about the volatility risks associated with refined distillates, precious metals, Cotton, and a few other examples. Also, IMO in terms of intra market spreads generally...

Here are some exchange supported CME intra market spreads. (there are a few inter market spreads as well) This is just a fraction to the CME exchange spreads. ICE and Eurex will also have literally thousands of combinations. You can use a single price ladder to execute a slew of legs with the...

I personally provide my clients with other proprietary info I've generated over the course of several years, but here is some public info. It is limited in nature and I question how much of it could be translated into actionable intelligence as it were. Not much "why" and quite a bit of "how"...

Mav is entirely correct about intra market stock index spreads like ESH18 vs ESM18. But I've known and seen traders do well with volatility ratio'ed inter market index spreads like FTSE vs EuroStoxx; ES vs NQ; Dow vs Russell - stuff like that. In fact, I have a client who runs a small but sexy...

Just my own experience - fundamental movements are reflected in price action. You can indeed consistently trade intra market spreads (like a corn butterfly or a WTI Condor) using a price model. If you are OK with not buying an absolute bottom or selling an absolute top and you are NOT day...

There’s a lot more consistent approach to Trading spreads than using “ seasonals ” in the traditional sense of the term. You can model Spread behavior. Besides - for CL the forward curve is much more supply vs demand responsive than seasonal per se.

Let me say what very little I know about "Overnight" - he's trying to teach himself to trade in a live futures market and he's actually made some money doing it. And it's been a very bumpy ride for him. I respect that. My sense is that he's much more fortunate than he realizes. Props to him.

Let me talk for a minute about "platforms". Newbies obsess way too much about platforms. I used CQG for 16 years straight and was shamed by clients into using something cheaper. I was also spending about $250 per month on business broadband $800 per month on CQG charting along with $1800 per...

Overnight reached out to me over the weekend and I exchanged several private emails with him during the course of the weekend. I still have a very incomplete picture of exactly what kind of trading system or approach he was using. I only know of him from a couple brief PM's we've exchanged in...

And again, there are quite a few of these cases being brought the past couple years. And they are being referred by the CME Legal Department from everything I can tell in the CFTC Complaints.

Best post in 2018 to date :sneaky::D:banghead::p:strong:

What everybody is missing in the Nav case is that on the day of “the flash crash” he submitted 20M messages to the exchange ES order book and the entire balance of the ES market participants submitted 19M messages to the exchange. IMO the CME referred this case for prosecution, and they are...

Think spoofing is small potatoes to Futures exchanges and regulators ? In January 2017, Citigroup was fined $25 million for manipulating the U.S. Treasury futures market. The fine was the biggest ever levied in a spoofing case and the bank was the highest-profile target of an investigation...

The U.K. and the U.S. froze Nav’s Bank accounts. Even the Swiss ones. And if an Indian Bank wires money to or from the U.S. they will freeze an Indian account. Been that way since 9/11. And with the huge US and U.K. Indian populations no Indian Bank is going to contemplate getting black...

As ‘Spoof’ Trading Persists, Regulators Clamp Down Bluffing Tactic That Dodd-Frank Banned in 2010 Can Distort Markets https://www.wsj.com/articles/how-spoofing-traders-dupe-markets-1424662202

Here’s an ALGO designed to spoof that was indicted and ultimately enforced: http://www.cftc.gov/idc/groups/public/@lrenforcementactions/documents/legalpleading/enfpantherorder072213.pdf A Gelbert Group prop trader is as I understand it currently facing indictment by CFTC for running an ALGO...

Spoofing isn’t “just another tool”. It is a clearly defined illegal activity. There are specific SEC, CFTC, and Dodd-Frank LAWS against it. What’s more, all international regulated electronic futures and stock exchanges that are registered to operate in the United States have exchange rules...