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  1. bone

    Power/Energy Markets Trader?

    Amen Brother.
  2. bone

    Are fixed income futures harder to trade than other types of futures?

    Personally, my first trading experience was scalping 30-year Bond futures. If you start out with something like the 5-year Note future you'd do just fine. On a risk and capital-adjusted basis the futures don't move appreciably different than an ETF like TLT for example. Don't be surprised...
  3. bone

    Power/Energy Markets Trader?

    I'd look at the Power Marketers Association employment listings. Don't be shocked (no pun intended) if the public utilities are hiring more than anybody else at the moment. My big regret in terms of my trading career is all that hay I made in the '90s while trading hourly and term for a...
  4. bone

    Who are the idiots buying bonds for 1% interest?

    You stupid idiot, if I sold off the positive deltas using OTM Dec calls on a bull call spread that is deep beyond the money for both Sept. legs I will in fact be making money on the vol and vega components if the fixed income market sells off. By design I profit on both market direction shifts...
  5. bone

    Who are the idiots buying bonds for 1% interest?

    Uh, I've stated it here a few times - I've been long ZN since May with a Sept. Bull Call Spread and I sold the postive deltas against Dec 130 calls.
  6. bone

    Who are the idiots buying bonds for 1% interest?

    Substantial long September positions getting rolled into December in the exchange-supported calendar spread. This is the most cost-effective way for large positions to extend their exposure in the marketplace. This spread does not trend sharply lower if the September longs are substantially...
  7. bone

    Who are the idiots buying bonds for 1% interest?

    When you print a couple of good solid closes below that trendline, then by all means please declare victory. But that condition has to be satisfied before you have the legitimate standing to having called a top. You can't make broad macroeconomic directional market calls, wax eloquently about...
  8. bone

    Who are the idiots buying bonds for 1% interest?

    August 25: "and those two effects put in the top" August 19: "I expect the recent trading range plus a little to serve as a measure for the move down so I would expect we might break below the late July lows. Call it 109'080 as a target. Timeframe is before expiration. If it does that really...
  9. bone

    Who are the idiots buying bonds for 1% interest?

    The incredibly difficult feat about pure market timing is that two very powerful elements - time horizon and capitalization, really conspire against the trader. For me, at least, my preference would be to initiate a short once there is a couple solid daily closes below that trendline. I know...
  10. bone

    How do I do this, show a picture ?

  11. bone

    Gold - on cusp of massive bearmarket :)

    Well, I sincerely hope you're one of the successful 5%.
  12. bone

    Gold - on cusp of massive bearmarket :)

    Sure, go ahead and take that statement completely out of context in order to make a point about you market timing gold. Gold's been a buy since August 4th, and at some point that trendline gets taken out with one or two solid closing marks below that trendline. You make a bold, macroeconomic...
  13. bone

    Gold - on cusp of massive bearmarket :)

    That's fine, more power to you - but no need to resort to personal attacks when things don't work out for you. We have a difference of opinion - you want to time the market, and my preference is to let the market show me where it wants to go before I risk capital. I believe that my approach...
  14. bone

    Gold - on cusp of massive bearmarket :)

    I'm not the one making bold pronouncements to the world about Gold falling off a cliff, and then getting drunk and posting more nonsense. Deal with it.
  15. bone

    Trading Treasury Spreads

    TradingJournals: I have three Australian clients trading SFE and other regional exchanges like SGE - the two prop traders clear Man Financial and one is a former hedge fund analyst trading his own account through IB. One of the clients is using the CQG IC Spreader. A helping hand: the...
  16. bone

    Trading Treasury Spreads

    Exactly - show them and you will get them. And there is sometimes a sliver of tail edge in there, especially with the twos. I love 'em. If you think about it, no matter how crafty you've been with the AutoSpreader settings the market basically has to trade through you in order to get filled...
  17. bone

    China truly is embracing capitalism!

    I have no idea who you are, and your command of the language is lousy, but are you leasing Apama for $18K a month?
  18. bone

    Trading Treasury Spreads

    Frogger: The CBOT has published Dec '10 ICS ratios on their website - download the .pdf as it provides the latest DV01s and market data identifiers for the various supported spreads. The exchange support CBOT yield curve spreads are traded in minimum increments of ten based upon the front...
  19. bone

    Natural Gas Fundamental Data

    Lucid, concise, and chock full of fundamental goodness. Nice profile photo, but lacks the racy sexuality in the Corona beach ad spots. Interesting side note: Monday afternoon, I had a consulting meeting with a long equities value fund out of upstate New York - a real conservative 'old...
  20. bone

    China truly is embracing capitalism!

    Does this mean the white devils can finally trade the Chinese futures markets?
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