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Yeah. The real action right now is in oil. The number lines have all confirmed.

One of these days I have to figure out how they calculate these ratings. Hows the hell can one get awarded 39 rating pts for throwing an incomplete pass?

No! Don't fade! We failed at the monthly A up already. Never fade the 2nd test. I now have a plus 11 on the ES 30 day as well as a weekly A up. We're going baby!

As you can see when we take KOL over UNL, we get the same shape of the curve but much less pronounced. UNL really improves on the contango issue.

Just for fun, here is a 5 year chart of KOL over UNG. Keep in mind that a big part of this move was the contango cost in UNG which as you can see over time, is a real killer. Keep in mind, natty had a historic drop during this period as well. Use to trade in the mid teens.

Not sure I would use them intra-day. I don't put much faith in intra-day correlations. You are talking about trading noise and drift. Natty gas and coal are input costs to producing electricity which is the output. So the relationship is inversely correlated. As coal gets really cheap...

Well, luckily there is a coal etf KOL. Electricity has a futures contract but it's very illiquid, for now. KOL is not terribly liquid either but it's there.

BTW, someone was asking earlier about the best way to play nat gas without having to deal with the large contango effect. There is an ETF UNL that consists of the avg of each of the first 12 months of the nat gas curve. So it has a smoothing effect. You are basically long the one year curve...

Coal and electricity. A very popular spread trade is the spark spread which is nat gas vs electricity. Another is the dark spread which is coal vs electricity. Both coal and nat gas produce power. When one becomes too expensive, the other becomes attractive.

Why the end of the month? I don't get what the purpose of this journal is. So at the end of the month you are going to come on here and tell us your account is up 100% and game over? Why are you afraid to call your trades in real time?

Max you and I both trade. You and I both know the reality that this business is tough. It's actually a lot more then tough. I've been around thousands of traders. Some of them actually are pretty insanely talented. The fact of the matter is, you and I know that real traders don't talk like...

How does that work? Without real time calls there is no way to audit this process. Do you know easy it is on Oanda to create 30 different $1 accounts and then report the highest performing account at the end of the month? Maybe I missed some of the previous dialogue but who is this other...

This trade is already 150 pips in his face. See, this is the problem with ET. If one never employs stops, this is what happens. Guys will sit on losers for weeks on end and when it's finally in the money scream winner! I don't know what kind of leverage he is employing but at 50-1, he has...

You do know you haven't listed any prop firms yet right?

How many languages can you program in? If the answer is none Chopper won't return your phone call.

This journal is real right?

You may not see it but we went after and collected. Apparently Don has as well. We have also ruined many a credit report. It's not kosher. We made sure the info was out there so that the next prop firm that ran a background check, and they all do now, your debt would show up and you can try...

I agree it's not a good idea for the trader. He has nothing to gain by it. It's good for Patak for publicity and good for Pekelo if he needs to be inspired.

Pekelo, in the last 10 years I've yet to see someone from Bright Trading do that. I'm just using his firm as an example since Donny Boy has been around the block the longest and has arguably more traders then any other firm. No trader profiles from him except to say he has guys doing well...

This is not true. You need to read your operating agreement carefully. My old prop firm hired a collection agency to collect debts that went debit. You have to understand that while you are buying in as a Class B partner, you are buying into a pool, there are no sub accounts with your name on...