Search results

Its a little more complicated than that (when trading currency futures - if your not day trading)....you have to take into account the currencys 'cost of carry', its time to expiration, and how that is priced into the futures contract. Otherwise you could essentially give away all your profits...

Personally i think CNBC is one of the best indicators on investor sentiment of the "dumb money" in the markets. Its a great contrarian indicator to find short-medium term tops and bottoms. As for Crammer, i wish he would explode like that more often....that interview was hillarious.

Your going to eat cat food!!!!....you need to just close out every position you have, cash out all your trading accounts and deposit that money into your checking account and buy some real food! Your contemplating eating cat food and still trading, what the hell are you thinking? Use your...

wow....excellent post 'Comanche'!

yea i was curious about that also....anyone have some more info?

They've probably had the carry trade on for years....i'm sure their avg cost isnt anywhere near 119 usd/jpy....it's probably well below 100.

""Maria is like, hey, why isn't it me on the 'Today' show? She's very jealous of all the attention Erin is getting," our source said." Maria (and crammer) were on the Today show this morning....she must have read the article and quickly scheduled the interview haha

as for the yen carry....hedge funds have been loading up on that trade for years....most of which have average position costs below 110....and it seems that every time we get some weakness or retracement, all they do is put on more and/or add to the position....the people getting killed on that...

Yea i've had that 119.00 usd/jpy level marked on my chart for the past few weeks....50% fib level from this past rally (March to June)....Even if this carry trade is over, i'm thinking we'll test about 122 again (we'll form a nice H&S) then drop drop back dowm to 114. As for the equity...

I also gotta take the exam soon; i was wondering, are you allowed to use a calculator? As for studying I just used the 'CBOT Commodity Trading Manual' and bought the 'practice exam' disc at securityexams.com ($99)....it seems like the exam is pretty straight forward and simple (esp if...

anyone been on the cme or bot floor today? whats been the sentiment of the traders down there? whos been buying? any large paper buyers?

"Headlines are headlines; don't forget the cameras don't show up on television until there is a picture – they can't show process. All great trading events are not televised, because they are processes; by the time the cameras get there the event has usually already taken place." - Yra...

Is anyone familar with GRZ Energy (http://www.grzenergy.com/main). I've seen them on CNBC numerous times and they really sound like they have a pretty good grasp of the energy markets. Has anyone every used their service (its pretty vague on what they do on their website), but it seems that...

[good looking] Women make better Clerks/Runners....goto the floor of the CBOT or CME - all the top traders have HOT clerks/runners.

<B>"A one day straddle might be a good play"</B> ....at what strikes and what month? Aug? Today is the last day of July options. today, $520-$525 will be a key level because everyone that put on the $550 straddle yesterday, will have their break even around 520 - 525.....so that level...

Why dont you just call the floor (or your broker, who will then call down to the floor) and ask for the market BEFORE you just blindly send an order?

I think the best documentory on trading is the PBS documentory called "Open Outcry". Its recorded in the CME pits. Check that one out; you wont be dissapointed.

No....How much your willing to risk, vs the potential reward on the trade.....Risking 10 ticks to make 10 ticks (1:1). Ideally you want ratios like; risking 10 ticks to make 20 (or 30) ticks...that way you can be correct only 50% (or less) of the time and still make a profit.

If i can remember correctly....didnt the fans want Vick to be benched half way through the season last year? I remember Vick giving the finger to his home crowd after one game cause they were "booing" him. Then ATL trades backup QB Matt Schaub (who could be an average starting QB) and now...

I had the impression that the limit down day was somewhat weather related....that was a day or two after the massive heat wave that hit the midwest, followed by a new 6-10 day forecast of cooler temps and rain in IL & IA (which is very bearish for the mkts - the current weather we are having...