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It's all in the charts...

http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=34282199 This is all I saw.

That doesn't sound like chart analysis either. I could be wrong., BTW, dollar index ripping to the upside today. Nice smooth uptrend the last month.

Sure. Cassandra. Consolidated.

Pick a city, NY, Chicago, Philly or SF. Move there. Hedge your overhead costs and go to town. I got news for ya, if you don't have enough edge to make money for a Cutler or a Peak6, you sure as hell don't have enough edge to overcome 12k a month in overhead at a minimum.

Are you in Chicago? Why not make a really good trade and lay off the overhead risk on a firm and just work for Peak6 and just get long the MM call. It seems to have a much better payoff distribution.

Can I ask what you do now?

That doesn't sound like chart analysis. The only thing you should be listening to is price, not companies issuing caution.

Sure, FTRs, day ahead power, hourly power, heating days, cooling days, basis swaps options, freight options, tolling agreements, etc. Shit I could list a thousand of them as the combinations are endless, but you get the idea.

Most of the edge on the futures side is on the physical options, not on exchange listed futures.

Absolutely not. Like the others said, the overhead will destroy you. Large firms have economies of scale. I don't know anyone as an individual that is doing this anymore. And you quoted about 4 different exchanges which gives me the impression you think making markets in bananas is no...

+1 Some men put on a uniform, go off to war and come home without their limbs. This kid has to learn accounting. Sigh....

What do your charts say? Everyone on ET is a chartist right?

Wheaties, a few things here. A currency's value is derived from what it can purchase. There is a formula you can google called ppp (purchasing power parity) that helps derive this value. When the currency is sitting in reserves and not in the market, it's not driving down it's value. I...

Pure gobbly gook. Say this is Monday, you look at your charts and "predict" price is going to continue trending or continue to stay in a range, until it doesn't. How the hell is this different then "say this is Monday and you pull up your charts and look at price action and decide to get...

Umm, I said "banks". Banks report their excess reserves. This is NOT the same thing as the Fed's balance sheet. Why do I get the feeling this dialogue is not going to go anywhere. LOL.

There is nothing to believe or not believe. The data explains the current market environment to a T. Nobody is debating this data, the debate is over the interpretation of the data. Every bank in America reports their reserves. We know how much they are holding and we know that money is...

This is absurd. You swapped one bet for another. This is analogous to me saying not sure which way the market is going to go tomorrow, buy a straddle, you make money if the market goes up or down. Yeah, but you changed your bet from a directional one to a bet on volatility. All you...

Wheaties, I'll help you out here. Monetary base= cash deposits + reserves Reserves = required reserves + excess reserves Here is a chart of excess reserves. Does it look similar to the chart you posted? http://research.stlouisfed.org/fred2/series/EXCSRESNS The Fed began paying banks...

I'm not terribly surprised Pekelo couldn't help you out. No, I don't think doing well on a combine will get you a trading job. It is a sim account after all. If you pass the combine and become a funded trader and stay a funded trader will that help? I highly doubt it. There just aren't...