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  1. M

    The ACD Method

    ChaosN, I'm sorry, I missed this post. I seem to have been missing a lot of posts lately. I swear I'm not seeing these as they show up in real time for some reason. Anyway, as to your idea. I think that data is very interesting, summing the number lines. However, I think I would come to...
  2. M

    The ACD Method

    Huh? WTH. LOL. I have spent almost 900 pages answering each and every question on this thread as have others. That's why this thread is 900 pages long!!!!!! Good lord people. Please. You would think you would be a little more appreciative of anyone that has taken the time to put 900...
  3. M

    How much would it cost to open a Prop Firm Office (ie. Bright Trading Affiliate)

    Huh? I know plenty of good traders. That's not what this conversation is about. It's about the economics of running a branch office. The economics suck. And it has nothing to do with good or bad traders. It has to do with the compensation and risk that the branch manager is getting.
  4. M

    Prop Shops w/ Power Swaps and ISO/RTO participation

    Hi Eugenie, you sent me a PM and I thought I would just respond here directly. I don't know any power prop firms directly. I know Citadel is in that market I believe here in Chicago and I thought I heard Geneva was as well. I actually sent Bone a PM and asked him about his experience as he...
  5. M

    The ACD Method

    Tomorrow we have very tight pivots in bonds, crude, nat gas and the indices. Can't remember the last day I saw so many products with tight pivots at the same time. Combine that with the CSCO earnings and it looks like we have our hands full! Or at least I will. :) BTW, I use pivots...
  6. M

    The ACD Method

    It's already in the fair value of the ETF on a continuous basis.
  7. M

    The ACD Method

    I spread off my position and locked in a nice credit with further upside profit if we go higher.
  8. M

    Jon Lovitz on Piers Morgan

    When things get inserted up your ass one usually becomes more liberal. That explains most the liberals on this site. :)
  9. M

    The ACD Method

    MASSIVE wick on the bonds on the monthly.
  10. M

    The ACD Method

    Are there any days when natty gas does not go up 5%? LOL. Working on a monthly A up now.
  11. M

    How much would it cost to open a Prop Firm Office (ie. Bright Trading Affiliate)

    If you run your own office you are the risk manager of that office. If guy goes 20k debit, they won't make you cough up 20k most likely, but they will take that off your commish check. They won't let you profit from the commish while they eat the loss. No sir. If you do a profit split...
  12. M

    The ACD Method

    Joe Terranova has a great blog post on natty gas. http://www.virtus.com/advisors/commentary/joe_terranova_blog.aspx?story=8156#.T6qSridBSps.twitter Time To Dabble In Natural Gas One of the worst kept American secrets is the tremendous social opportunity the usage of natural gas would be...
  13. M

    How much would it cost to open a Prop Firm Office (ie. Bright Trading Affiliate)

    No, no, no. LOL. Look, let me walk you through this. No firm outside outside of Mongolia is going to split commish with you 50%. Here is how it's going to work. Whatever the firm nets on commish, that is net, not gross, they might give you anywhere from 10% to 30%. So say Echo's cost on...
  14. M

    How much would it cost to open a Prop Firm Office (ie. Bright Trading Affiliate)

    There is no money in running an office. Zero. If anything, it will cost you money to keep it open.
  15. M

    The ACD Method

    So could 1420. :)
  16. M

    The ACD Method

    Sorry, missed this post earlier. I learned to read the tape from the best tape readers in NY. I basically would stay late at the office every night and would read through the entire time and sales of every stock I traded for 6 months. I would go over every single print. I kid you not. I...
  17. M

    The ACD Method

    Thanks for the heads up! That's going on my watch list.
  18. M

    The ACD Method

    The Gold miners have already taken the QTR level out and they are leading the metals lower. The miners have already blown through their yearly A down at 47.54. This could get ugly.
  19. M

    The ACD Method

    Pretty serious breakdown in the metals here. Gold and silver both are dropping like a rock. Gold will at least test the QTR A down around 1557. I think there is a good chance we will over shoot that and test 1500. The QTR A down in silver is around 28. That will get tagged as well. I...
  20. M

    Jon Lovitz on Piers Morgan

    Goldberg is kicking his ass. Can't believe they are airing this. LOL.
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