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Having been a big Chicago prop futures spread trader in the past, from my experience the firm is going to insist that you're flat at the end of each day - and that IMO kills the trade you're speaking of here on this thread (and similar ones). There are some very experienced prop traders that...

In terms of swing trading, this is absolutely NOT the case. I have had probably 75 clients who have started trading live with $20K accounts.

Again, intramarket futures spreads are so cheap to margin overnight that under most all circumstances day trading them makes very little sense. A futures Condor with an 8 tic daily range can have, for example, could most certainly have a 30-50 tic trading range (maybe more) over a period of...

Right. And this is precisely why I don't have a satisfactory level of confidence in execution platform long term data with the exception of CQG Integrated Client. When you are trading intramarket spreads, and you are modeling and take interest in specific product expiries. Generally speaking...

For the record, I haven't even bothered to look at these order books as of yet. It is SO difficult for any exchange to introduce a new product.

Classic bull market channel since 2009. Downside tests at the channel bottom have been rejected to date. Helps to look at longer duration data. Now we have Yellen confirming the classic Fed response to accelerating equity valuations and modest price inflation. Next Quarterly earnings should...

There's no one right way to trade markets, and just because one trader is successful with a particular strategy does not mean that it's transferable or easily disseminated. Simple, repeatable entries and sound position management are great features to start with. You can have some sort of...

Based on what we've seen since 2009, significant buying comes in at the bottom of this bull channel - so yeah, there's historical context for your expectations.

Over 175 ET Members who became clients of mine would disagree with you in terms of my own integrity. Having said that, yeah, generally speaking trading instruction is a snake pit. I appreciate the fact that I have sponsored this website for many years now, and am likewise pleased that you are...

Well, based upon on a quick overview of your own posts your admonition holds water - not much at all about trading. Strangely enough you know quite a bit about credit card policy.

If a retail trader can stay away from higher frequency trading strategies I personally believe there's no reason that he or she cannot be successful. Especially if that trader has sound position management rules. My belief is that electronic markets have enhanced retail opportunities for...

I've always found it odd that certain traders are so incredulous and reflexive towards risk management. It's a bit more palatable to the ruffians to substitute the term "position management" for risk management. Somehow, it's more digestible.

Yep, bull market range channel we've been trading in since early 2016 is still intact. Bears got no love from Friday's number, and March rate hike is already baked into the cake. Will need some heavy lifting from the deep pockets for a sustained timeframe to change the momentum. The longer...

Personally, I don't like the spread analytics capability and the historical database on CTS or XTrader - at least what I've seen and have had clients try out up to this point in time. From 1997-2010 I personally used TT X-Trader for execution and CQG for analytics. These days, I recommend...

I'd like to welcome a new client - a West Coast fund manager.

Love him or despise him - Trump has had a very real effect on US economic prospects in terms of corporate optimism.

Amen brother. There are NO absolutes in trading. If you require an absolute this is NOT your place to be.

It would be orgasmic if we reverted back to the days of the surprise, unexpected Civilian Employment Labor Report. My personal biggest P&L days ever.

Semantics are important here as to your true meaning of the word TOP. If you think that we are at the top of the bull market range channel we've been trading in since early 2016, then by all means leave your profit target at 2331 and take your victory lap! As I read your original post, your...

My guess is that the market has been making a little bit of room this week for a strong jobs report tomorrow. Good rallys require corrections and pullbacks - you can't have buyers without sellers. If you see a strong initial price rally after tomorrow's report quickly rejected by the market...