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That's a very good question. I actually pulled up my data from 2011 to take a look. That was the last year we really had any kind of meaningful downside volatility. The answer is, we got number line confirmations to the UPSIDE right before major corrections. Now why and how this happen...

Here are some choice words from Nassim Taleb about our leftie's fav economist: http://www.theatlantic.com/business/archive/2010/09/nassim-taleb-dont-listen-to-geithner-or-krugman/63871/ "Paul Krugman is a danger to society!" "He uses the wrong mathematics, that's how I knew he was a...

I've had a theory for some time now that the world is going to do to us what we did to the Soviet Union. The cold war bankrupted the soviet union and by default ended communism there. I think the world sees us as a greedy obese child with blood sugar levels through the roof. And debt is our...

IIT is a great school. I know many guys that have gone through there. Here is the catch. If you want to stay in Chicago, IIT is perfect. It actually has a lot of faculty from the chicago prop trading community. You will have a decent alumni network to tap into. Outside of Chicago, I'm not...

I've been told if you just go over the first 500 pages, it will provide a nice "brief" introduction to the methodology. :) Welcome aboard.

And people ask me why I continue to blame Central Banks for increasing income inequality in this country. As long as the Fed is handing out free money, hedge funds will buy up all the property reducing supply and driving up prices and at the same time allowing the oligarchs in Greenwich to...

One thing I forgot to mention on Thursday was the spike in the ISEE. We finally got a huge spike on the total ISE index over 200. That was the highest reading of 2013. The only equity reading got up to 238 which actually was the 2nd highest reading. And the index and etf reading got above...

A book? You mean more like a 30 volume collection. LOL. I'm sure some point down the road I'll write a book on this. I'll get Mark to write the forward. I always thought Mark was going to write a follow up book.

Yeah I've tried to keep the "making calls" out of this thread and that is certainly not what I would want on other threads discussing ACD. If any one of you are wondering why I have objections to making calls it's simply because I don't think it's a value add. I think discussing process is...

You may be right. I appreciate all the feedback. I thought it might get more people involved who trade those "specific" products. Many of them don't even know we are discussing the various products they trade over here because maybe they don't read the technical analysis forums.

Tell that to Japan. Are you saying the Yen is not real? Japan has had negative interest rates. Getting interest on something does not make it real, it simply has carrying costs. The US Dollar is a fiat currency. By definition fiat means it has no intrinsic value, it's completely based on...

Marty, ALL the chicago prop firms are getting hurt in the rate space. I NEVER stated that the basis trade was where it was at at the moment. In fact, almost all these firms have seriously downsized the last few years. I simply stated that is where the edge was at. Not in trading stirs where...

These prop firms were very well funded. I think Breakwater had some capital issues before they restructured their firm but TMG and Chopper are monsters. All three were heavily bid in every treasury auction. I'm sure you know that Rubio was one of the founding partners of ELX.

Marty, Breakwater, Chopper, TMG, M&N, all trade the basis. It's the cornerstone of their business. Eurodollar spreading was bigger years ago when rates were not at or near zero, now that trade is not as exciting as it once was. I'm glad you "profoundly" disagree. We'll leave it at that...

Martin, stop being a dick. And yes, you are being a dick. I brought up bonds because I wanted to explain to him how prop firms here in the states, and over on your side of the pond how they trade rates. And I brought that up because I was trying to explain to him that THAT is where you want...

Thanks for the input guys. I'll take all your comments into consideration.

Yeah it confirmed around 1.70. That's why I mentioned it. Just the good old fashioned number lines.

BTW, I'm thinking of trying something new here. In an effort to compartmentalize ACD, I'm thinking of starting separate ACD threads under various product categories. I would start with ACD FX under the FX forum. That thread would focus only on FX and ACD. Then maybe a thread in the energy...

Yeah that yearly OR is holding up well.

USD/JPY and GBP/AUD.....just bringing this to your attention. Do with it what you will.