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I just tried the generic combo feature and it won't let me do two different underlyings, it only does calendar spreads for the same symbol. :confused: I'll send an email to IB and see what they say.

Just got stopped out again. That second trade was stupid, I don't know why I went long.

I am trying the long one more time. Long @ 41.18 exit @ 41.68 stop @ 40.68 if this loses, I am stopping for the day

I just got stopped out $-500

Yeah me too, I am not liking this action at all. I was expecting to see small dips with strong bounces, but seeing the opposite.

lol, naw i am little older than they are I am going to keep this one tight with 42.28 for exit and 41.28 as stop

Just went long @ 41.78

Nice trade.

I just woke up. Little surprised that 42.60 wouldn't hole up as support. I guess the selling the is much stronger than I thought. Still watching for for long entries. Where is spanish?

My strat for tomorrow: I think oil has a put a short term bottom here. We have broken out of the downward channel and are above the 50 sma. I think we'll see some selling resistance at around 43.69, but if we break through, which I think we will, then we can go to 45.50. I'll...

Anyone trade the crack spread in IB? I don't think SpreadTrader supports inter-commodity spreads; it only allows me to enter calendar spreads on the same underlying.

You nailed it! Since 2000 we have lost 4.5 million manufacturing jobs to China

Thanks for posting this. I need to learn how to read this. I have taken accounting in college, and can read the standard corporate balance sheets (asset / liability), but I don't understand the FED's balance sheet. Is there a link to a website that can teach me how to read this...

Yeah, I also like the part where he breaks down split strike conversion strategy on pg 5 and explains how it would be impossible to earn 16% returns on it, especially for a fund the size of Madoff's. hehe

Read the doc first: pg 2. "However the hedge fund isn't organized as a hedge fund by Berndard Madoff(BM) yet it acts and trades exactly like one."

Sorry if this has already been posted. Harry Markopolous is an independent fraud investigator and derivatives expert who had first informed the SEC regarding Madoff back in 1999 and wrote them this letter in 2005: "The world's largest hedge fund is a fraud" Edited: The attachment is...

Spanish, You have done a pretty good job, I am glad you are keeping a positive perspective. Don’t stop posting!

Future contracts converge to the spot price as expiration nears, not the next month. The current spot price is now @ 36.22: http://www.bloomberg.com/markets/commodities/energyprices.html As for the massive sell off in OIL, well, the 30 years bond yield, which is currently at 2.7%, is...

If we ended up with 3 main currencies: Americas ($), EMEA (EUR), East Asia (Yen) and all others are pegged to these 3, and these 3 fixed to each other, then FX trading would cease to exist. But I don't see this happening anytime soon. The current crises has given globalization a black eye...

One thing I don't understand is how he was able to get around IRS? Don't brokers report net capital gains/losses of their clients to IRS as well?