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  1. bone

    SpreadProfessor Clients - Thanks !

    For new clients I have been taking on the past couple of years, the typical "norm" for getting through the initially supplied materials seems to be about four weeks. The recorded webinars are about an hour each.
  2. bone

    Top 10 prop firms

    You will not find a "Top Ten" futures prop firm ( at least per the CME rules and regulations as a registered electronic prop firm ) that would allow you to trade remotely without first becoming an employee and working on-site first.
  3. bone

    SpreadProfessor Clients - Thanks !

    I would like to welcome a new client to the program.
  4. bone

    CFTC to Institute New Rule Governing Algorithmic Trades

    Well, if the exchanges and the NFA won't address it maybe the CFTC should. And I'm sure that Senators Dick Durbin and Charles Schumer will lead the arm twisting on behalf of their check writing constituency and any legislation which manages to see the light of day (doubtful) will be very milk...
  5. bone

    Scalping Futures

    Based upon the time frames you describe in your posts, I think it's way too early to proclaim victory over the markets and anoint yourself God of scalping. If what you're doing holds up over time, ( like, for a few years ) then go ahead and crow about it - deservedly so. Great start, but some...
  6. bone

    SpreadProfessor Clients - Thanks !

    Another client webinar recording going out today. This is John and Lee's second webinar meeting with me about paper trading. Their metrics look really good thus far, but since they just started mid-August way too early to make a judgement. Very good diversification. Lee has nine positions...
  7. bone

    SpreadProfessor Clients - Thanks !

    No matter what time frame you use for your "go-to" trading chart setup - if at any point you are unsure or a bit confused, then simply look at some longer timeframes to get some resolution and color to where the market seems to want to go. Simple but effective.
  8. bone

    Ernie Chan claims that statistical arbitrage is better than momentum like trend

    Point taken. In return, I just wanted to point out that the stat arb space has been crowded to the hilt for years now - and given the ECN and computing infrastructure requirements ($$$$$) stat arb is probably not a reasonable endeavor for the vast majority of individual speculators and ET...
  9. bone

    Ernie Chan claims that statistical arbitrage is better than momentum like trend

    As the previous poster mentioned, your link describes an IB creating a financial product - namely, they are monetizing their relationships with top traders who go out start up their own funds. Furthermore, there is no mention that per your premise in your original post these traders were stat...
  10. bone

    SpreadProfessor Clients - Thanks !

    A good price action-based model will indeed pick up on seasonal tendencies and changes in fundamental drivers. You will be later to the party than the Commercials - but that's OK, because the object is to make money and not get your ass run over. The Commercials will do the heavy lifting in...
  11. bone

    SpreadProfessor Clients - Thanks !

    Two thoughts: 1. If your charting package supports exchange supported spreads, all of your fave technical studies will work just fine with them. 2. Hint - the prompt months are largely spec volume and that driver makes them delta directional with the front month; much more even with a calendar...
  12. bone

    Double Butterfly spread

    My volatility studies work just fine with charted spreads. Hint - the prompt months are largely spec volume and that driver makes them delta directional with the front month; much more even with a calendar ( pair) spread. You really can't model roll behavior to the degree of likelihood you get...
  13. bone

    I am sick of these fake mentors

    Well, in the final analysis, a potential client needs to know if the "mentor" or "teacher" or "insert title here" has real actual clients who have used the methodology or strategy or "insert deliverable title here" to make money for themselves. Were those clients able to take that deliverable...
  14. bone

    I am sick of these fake mentors

    Fuckin' A, RN. Dead nuts on.
  15. bone

    Double Butterfly spread

    Well, my apologies for not being able to help more with IB. It is what it is.
  16. bone

    SpreadProfessor Clients - Thanks !

    And as far as charting goes, eSignal has 7,009 exchange supported spreads listed in their library to date. Please chart the exchange spread in lieu of a synthetic combination whenever possible - much better data.
  17. bone

    I am sick of these fake mentors

    I have to give him his due - this is a very smart post, Surf ! Another point is that the trading profession attracts very, very smart people.
  18. bone

    Double Butterfly spread

    Well, with TT it's simple in terms of the exchange spreads order book. And as far as charting goes, eSignal has 7,009 exchange supported spreads listed in their library - including double butterflys.
  19. bone

    Double Butterfly spread

    Double butterflys are indeed exchange supported spreads - at least for CME.
  20. bone

    SpreadProfessor Clients - Thanks !

    I have come to believe over the years that trade selectivity trumps trade frequency.
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