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The CBOT Two Year Note Futures price is 0.23% off it's August highs. That's two-tenths of one percent.

Well, the crack spread and calendar spread volume is derived from firm (non-contingent) orders in the flat price futures, and for HO and RBOB that is too significant to make those particular markets 'flippable' without getting your ass run over by the exchange's internal spread order matching...

" exchange supported implieds " ... It means that your bid or offer will get taken internally by the CME order-matching engine to satisfy spread orders for crack spreads and calendar spreads - it's a big problem for this particular strategy in the Nymex Heating Oil and RBOB gasoline markets...

With HO or RBOB it would be impossible - nothing to lean on, too thin to scratch, and you will get burned by the exchange supported implieds.

You just haven't lived until you walk past a guy on the way to your desk and see $4.3M print on his TT P&L screen. And then sit down and print out your own 56 page statement. There is no other market on earth - NONE, that comes close. Pure size.

They made me. They take size, whatever you seek they deliver - the ultimate expression.

There are much better risk/reward skew trades in the energy complex than this beast. Gas/Oil vs. Brent Legged 4:3 Crack Spread or the Nymex 3:2:1 Legged Crack come to mind. Since with any of these spreads there is no possible way for you to react to the fundamentals quicker than the...

https://www.theice.com/ClearEuropeSpanParameterFiles.shtml Look at Row number 7293, WTI vs. Brent - the SPAN spread margin credit is 85%. So, if the initial outright margin on WTI is $5,063, with the spread your initial margin requirement is $5,063 x 0.15 = $759

By design, I take on a controlled number of clients who I screen for baggage, and I set their admittance dates into the program in fixed rotations - I do this because I still trade the markets two or three days per week - usually more in the winter. Point is, I'm quite content in my own little...

Frank, a few thoughts: 1. Just my opinion, but Crude Oil futures is about the last market a 'rookie' (your description) trading flat price directional with $20K in capitalization should be involved in. Successful trading is a survivor's game - a large percentage fail at it because they burn...

Hydroblunt: I'm trading two accounts at the moment. There's actually alot of private capital available without having to involve FoF's or introducing agents.

"Surely an 8% return with futures isnt worth mentioning is it?" No, but his perspective appears to me at least to be limited to the equities domain - someone unfamiliar with the Chicago/NYC private futures firm prop trading model would find the returns on initial margin quite extreme, and it...

Peternam: The prop shop you contacted - was it a proprietary futures trading firm that requires no capital contribution or an equities prop trading firm that requires a capital contribution? Your 8% return - is that with equities or with futures?

Peternam: Same offer for you: $10,000 cash for any alias that I've posted under.

Other than that weekly API/DoE number this is by statistical correlation an equity market trading journal. Two year correlation is 93.2% to the S&P 500 close on close. To balance volatility, multiply the ES by 2.1568. You guys are scalping the stock market.

Small enough that your emotions won't interfere with the mechanical efficiency of your trading system - emotions can be arbitrary and impulsive. Large enough so that after everybody gets their respective piece of your hide there remains a satisfying jingle in your pocket and a contented sleep...

"Sorry, but I am still failing to see how this can be used to turn a series of coin flip bets into positive expectation" Bingo. The obligatory coin flip is an excellent primer for a junior high school statistics exercise but IMHO has no bearing on consistent profitability in trading...

If you don't have access to real time data, a screening system to alert you to the opportunity or better yet act upon it, and an electronic market-making platform it will be gone by the time you see it. Don't trust what you see on a free platform that posts three times per day and it's free...

The real issue might be: how impulsive and uninformed would a trader act within reach of an iPad? Three pints of Sam Adams seated at a ball game in a thin evening market - sounds chippy. Maria Bartiromo certainly warrants an impulsive response.

Just remember this, he's left a paper trail here at ET via stating trendlines, s/r levels, price action only trading is not TA. He's also stated those things have value. Another third-party gem about TraderZones: "In addition, he's stated here at ET and at his former fee-base website that...