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Prop firms cannot LEGALLY allow you to trade someone else's capital....PERIOD. You need to establish an entity. I ran the office of a regional Chicago prop firm for 6 years and put several of these agreements together.

Well, if something "confirms" it means it "did" stay above the A up for a certain amount of time. If it does not confirm then it's not an A up. The best way to think about this is that A ups ARE time confirmations, not price confirmations. And no, sectors do not influence how I score the ES.

Yeah same here. Nice follow through on the monthly A down. Regarding the grains though, I was shocked at how accurate the A levels worked for the grains. Over the last few years the CBOT has tinkered with the opening times. And now it appears as though they have a true OR. In fact...

That's a good question. They look very similar. I've modified my number lines so I score things differently then him and I've tried to apply a little more "logic" as to how I score things. There is no magic in how he scores his or how I score mine. At the end of the day I try to ask...

BTW I've just started tracking the number lines again for Cotton, Coffee, Sugar, Coco, Corn, Wheat and Soybeans if anyone wants to begin a dialogue on any of those products. I'm tracking everything but the sun now. :)

Well, we had a failed monthly A up in the ES and we ended up bouncing off the failed monthly A down as shown in the attached image. I still have confirmations in all 4 indices. However, the VIX number line has been breaking down for weeks now and is showing some damage. I would not call the...

It's a federal crime. You will be charged with money laundering. Federal courts...federal prisons. Oh and your firm will be shut down. And then they will sue you and your investor. So yeah....don't do it.

And as promised, let's run the numbers using Pekelo's 10% success rate: ($175 (.90) + $0 (.10) + ($175 (.90) + $0 (.10) =E(X) $157.50 + $157.50 = $315 $315 is > then $150 So using Pekelo's much more pessimistic success rate, TST will earn, on avg, over time, $165 more on the non...

Honestly, this guy is giving all pizza delivery drivers a bad name. When you do data analysis, or in this case, cash flow analysis, you don't analyze a single data point. You use terms like expected value and expected cash flows. I already did the math before but I'll do it again and I'll...

Welcome to the thread. I look forward to your content.

Then trade FX. You get prop firm type leverage. Hell even futures gives you prop firm type leverage. Your legal fees will wipe out his investment so looks like this is dead in the water.

Any reason you can't trade in a retail account? This would be a thousand times easier.

The answer is no. What you need to do is setup an LLC. This will cost you a few thousand on the cheap. Then you need to find a firm that will let you open an account with an LLC. Most "should" let you do that. But for purposes of money laundering, you cannot take money from someone else...

Why is this urgent?

Pekelo continues to struggle with anything numbers related. There is no difference if someone does 10 day combines for a year with horrible results and then passes on the last 10 day combine in Dec vs the guy who does a continuous and takes an entire year to pass. In fact, more often then...

It's not guaranteed anymore then you getting a rollover is guaranteed. People can stop after one month with the continuous just as easily as they can, as you put it "take a break". Although I think the data disagrees with you regarding the 10 day combines. Overwhelming evidence shows people...

Not quite. If you do the 10 day combine, you are paying $175 or potentially $350 for two rollover notwithstanding. The continuous is $150. So not only is that cheaper but it has a free combine embedded in that cost since you really are getting two combines for less then the cost of one non...

OMG, where do I even start with this...

Just a review here of ISEE. ISEE basically measures dumb money. It's open only transactions, no firm orders, no spreads, only buys. So it's measuring the guy who simply buys calls. When this activity reaches an extreme and exuberance is at it's highest, it often signals caution. When...

Bearish! High numbers are bearish. It's calls over puts. It was an extreme bullish reading which translates into a very bearish signal. Just as anything under 75 which is bearish is actually bullish. It's a contrarian sentiment reading.