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    Bhutto DEAD

    I was amazed when she returned to Pakistan in the first place, she probably had some sort of understanding with Musharraf that her security would be guaranteed. However, she must have been a target for him and his cronies as well as the islamic fundamentalists - not that hard to have the...
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    Seasonal spreads

    With yesterdays close it's around +200%. But it was +100% only about 10 days ago, as all the energy spreads were down quite a bit. I'll post a proper P&L again on Jan 1st.
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    Does Front Month Crude Break 100 Before the New Year?

    Yes, I think 100 is right around the corner now. Got some calendar bull spreads to get exposure.
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    Scalping in USA

    Guys, use the ignore button on this guy - did it long ago.
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    What a F'n Jackass Publication!

    I'm going to cancel my free subscription. What a crap mag - makes Murdoch look like a serious and likable fella.
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    Seasonal spreads

    On Dec 24th I got two fills: Sold 1 Mar 08, Bought 1 Sep 08 CL Crude Oil @ 3.00 - CLOSED - PROFIT 2.00 which is 2.000 usd. This will probably continue to go on, but my PT was only 1.65 so I'm happy. I closed out half my position in the Jan/May RBOB Gasoline at -0.1780 - since the Jan...
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    Scalping in USA

    If you're scalping with 55-60 eurocents per roundtrip on Eurex, then commission is still an important factor but opens up a whole new world of possibilities in terms of strategies. The prop traders who have membership fees scalp ticks and half-ticks in the STIR-market and spreads of index...
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    Anyone reads The Economist?

    Used to read it, but since it does require a fair bit of time to plow through I've stopped subscribing. It's very good, and opinionated - shame I don't have the time to read it anymore. I don't think it would affect global macro view much, although it would of course be an influence.
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    Seasonal spreads

    rcanfiel: I posted the results as of Nov 30th on Dec 3rd - which has the total results since startup. Did you mean some sort of statistics? I added to the Mar 08 ZT/ZF spread at a difference of 100.000. This makes the position: Long 2 Mar 08 ZT 2-Year Notes / Short 2 Mar 08 ZF 5-Year Notes...
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    Seasonal spreads

    Took stoploss in Soybeans: Sold 2 Nov 08 / Bought 2 May 08 ZS Soybeans @ -120 - CLOSED - LOSS -22 1/2 which is usd 2.250. In retrospect this trade just looks silly. Moving on...
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    Do you trade spot FX with IB?

    I casually trade spot now and then - not every day - and I usually leave my P&L in the currency I traded. Thus if I lost some JPY, I'll leave the loss there for the time being. Next time I earn some JPY it's evened out. I'f I'm long some extra AUD then it's fine with me. Once in a while I net...
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    Seasonal spreads

    Ok, one last spread today: Bought 1 Jun 08, Sold 1 Mar 08 NG Natural Gas @ 0.160 It's quite annoying, but this is a spread I had meant to enter next week. However, I've been watching it since it was negative - and the uptrend has been silky smooth. It's almost impossible to understand that...
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    Seasonal spreads

    Obviously, the RBOB spreads are 4 long and 4 short, that's a typo a couple of posts ago.
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    Seasonal spreads

    Opened the following position today: Bought 2 Nov 08 / Sold 2 May 08 ZS Soybeans @ -97 1/2 Planning to keep it until the beginning of February, with a pretty wide stoploss.
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    Seasonal spreads

    Glad you appreciate it! As for spreads, the best way is to fund an account and start with the small ones. The ZT / ZF one shouldn't be too volatile if you wait until after Fed, but you should be careful with energies. You could start with buying the MRCI Encyclopedia to get an overview of...
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    Seasonal spreads

    And now I added to my RBOB spreads for the last time: 1 Jan 08/May 08 @ -0.1870 and 1 Feb 08/Jun 08 @ -0.1600 This makes the current average position: Long 4 Jan 08 / Short 3 May 08 @ -0.1832 Long 4 Feb 08 / Short 3 Jun 08 @ -0.1530 This position makes me smile - although I...
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    Iran, China finalise major oil contract

    http://uk.news.yahoo.com/afp/20071209/tts-iran-china-oil-ee4efb8_3.html AFP - Sunday, December 9 04:51 pm TEHRAN (AFP) - Iran and Chinese firm Sinopec on Sunday signed a long-awaited final contract for the multi-billion-dollar development of the Yadavaran oilfield in southwestern Iran...
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    Grains To The Moon

    Not quite yet, I'd say.
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    Shrinking ES bid/ask sizes (2007/11/9)

    I don't trade the ES, but a few days ago I was shocked as to how thin the book was - I looked at it during lunch hours. Only 400-700 contracts per level on the 2-3 closest levels. What happened?
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    Seasonal spreads

    Ok, here we go again - a spread in interest rates which isn't properly balanced. This has been discussed before, but it's carried out 1:1... Bought 1 Mar 08 ZT 2-Year Notes / Sold 1 Mar 08 ZF 5-Year Notes @ 100.015,625 I'm looking to add one more next week - on Monday was the plan, but...
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