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MFB, we kind of went over all this. Nothing wrong with restating old content, but we are on page 850 now. LOL. So what brought you back to ET? You went over to Big Mike's forum right? BTW, I posted that Mike Tyson quote on this thread as well! LOL. About 400 pages back though.

ZN has actually taken out the highs from last August. Nothing but air above here. ZF also about to take out the highs.

143'07! And still going. What does the bond market know that the equity market doesn't.

Yeah I have the same. This reminds me of the FED driven rally where every asset class goes up together. Gold, ES, Bonds, defensive stocks, everything. This can't last. Something has to break here. Either bonds or equities. Bond market is not buying this rally one bit. But when you flood...

Are they correlated? :)

Yes, but you can't look at the math that way. The 2% per month is equal to the decay you are hoping to earn from the ETF. So what I'm saying is the directional aspect of the trade is separate from what you hope to earn from the decay of the 3x ETF. So the question you have to ask is, does the...

I should also point something else out. Commodities for the most part are known as a sellers market vs stocks which are a buyers market. What this means is that while stocks have a long term upward bias due to their cashflows, futures are the opposite. This is very important to understand if...

Gold continues to be dead money and it continues to hug the monthly A down around 1645. Can't seem to break that level but there also is an absence of any kind of a bid. The QTR A down is around 1558 and it feels like we want to test that again. We failed at the weekly A up. So to sum up...

Today we finally got that wick on the failed QTR A up on soybeans. I got in prematurely at the monthly level anticipating a failed QTR A up. Shan has given me a little bit of grief over this trade using terms like "fader", etc. LOL. He knows me to primarily being someone who goes with the...

Natty Gas bounced confirmed a weekly A up today late in the session. As I mentioned before, this type of trade allows you to attempt to get long off the failed QTR A down but you are buying on strength, not on weakness. I did not get my trade on today. I WILL get it on tomorrow. :)

I would bet that IB charges over 100% for DGAZ. Just a guess. You can call them and ask. I don't want to keep beating this into the ground but it's been discussed at length on this forum on why you can't make a billion dollars shorting all the 3x ETF's.

Yes, I completely understand the point behind the decay but that is precisely why you can't short them. And if they are shortable, the borrow rate is going to exceed 100% and it's going to kill any edge from the decay. Trust me when I say this, there is no edge in them. What you do get is...

Why DGAZ? Just buy nat gas. Either buy the futures, buy UNG or buy options on UNG. The 3x ETF's don't work. Long or short. Of course you can't short a 3x ETF. You can't short any of them because of the contango.

It's just a set range at the beginning of a cycle. It really doesn't matter what you use as long as your consistent.

The hell with Gold. Natty Gas man! This thing could really pop. Gold is dead money.

Minimum target is the monthly A up at 2.295. I think the QTR A up is also within reach if we get a really strong over sold bounce. That level is around 2.43.

Whoever is trying to front run me in Nat Gas...stop!!!!

I didn't say my copy would be worth more, I just said make me an offer!

I have a copy of Logical Trader with my signature, what's your bid for my copy? I'll even attach the Maverick74 moniker.

So this is why I didn't short the futures. Beans up 29 cents overnight and blew through the QTR A up. Still no confirmation yet. I did put on a downside fly for basically free. I took a shot at a possible blow off top here and failed QTR. We still could fail here and come off. But if this...