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Actually I'm sold on using multiple time frames. Starting with the Weekly and working your way to higher granularity and shorter time frames depending upon your trade position holding objectives/constraints.

1. I don't know of any futures prop firms that "teach" newbies how to trade. DRW does (or used to) have a college internship program. 2. Please name one exchange registered Chicago or NYC electronic futures prop firm that does NOT have a really good trader as a firm founder or principle. You...

In the first half of 2018 the CME will be rolling out a Fed Funds versus Eurodollars exchange spread. This is very, very exciting news - I personally anticipate a great deal of commercial, institutional, and large spec interest. I am providing a link below for you to register for the...

Nearly all of the proprietary futures trading firms that I'm familiar with are run by principals who for the most part are somewhat legendary in their trading prowess. The equity prop business model I understand to be vastly different though - I have no experiences in that regard.

No, my experience from working with a couple hundred clients and my own personal trading resume is in fact very objective. There is no opinion or personal feelings involved.

I posted two charts yesterday on this thread - at your request in fact. Please reciprocate.

Showed a Daily and a Weekly chart to a stripper the other night and she said “oh yeah, that shit’s being accumulated”. Put a twenty in her g-string. (That’s not completely true).

Fucking A. Showed a Daily and a Weekly chart to a stripper the other night and she said “oh yeah, that shit’s being accumulated”. Put a twenty in her g-string. (That’s not completely true).

Please insert “legit trend trader” into your Member signature. And on your resume Mighty Thor.

Please insert “legit trend trader” in your post signature.

All price action features consolidation points, corrections, and retracements. It’s an unavoidable and even quite necessary Universal tenet. In fact, an old mentor of mine once schooled me that he wouldn’t buy into a rally or short into a sell off without a retracement or correction because...

Nice. Over on the Zero Risk thread Rickshaw Man bought 2564’s yesterday evening and he's already got ten points in it. That seems to be what the deep pockets have been doing for, like, the past several years....

You freaking stud. Got ten points in it already.

All price action features consolidation points, corrections, and retracements. It’s an unavoidable and even quite necessary Universal tenet. In fact, an old mentor of mine once schooled me that he wouldn’t buy into a rally or short into a sell off without a retracement or correction because...

With all due respect you are exceedingly passive aggressive. Which is trolling. And after reviewing your posts as of late you are quite heavy on the [Jokes 2] and sarcastic put-offs and virtually non-existent when it comes to meaningful trade craft related content. Just an observation.

All price action features consolidation points, corrections, and retracements. It’s an unavoidable and even quite necessary Universal tenet. In fact, an old mentor of mine once schooled me that he wouldn’t buy into a rally or short into a sell off without a retracement or correction because...

Yes indeed that sounds sexy ! There’s literally millions of ways to trade market (some much better than most) and if you’re fortunate enough to find something that works for you and you have confidence in it then ride that horse until it drops dead.

Pure semantics. Use the term “choppy” if you’d like. Modern HFT’s have to deal with “choppy” “noise” [insert your favorite descriptive term here] as well : https://www.ibm.com/support/knowledgecenter/en/SSEPGG_9.7.0/com.ibm.im.model.doc/c_ts_time_series_algorithms.html

That makes absolutely no sense, and is wildly contradictory to my experience. If anything, charting longer timeframes should give the trader the confidence and conviction to stay with his bias.

In terms of Spread constructions like butterflies Convexity shift protection. Big time. Notice that every commercial line of credit or even a home mortgage rate contract specifies LIBOR plus basis points.