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That will not happen. Congress would have to approve the funds, which is a current impossibility. Ben has already said he does not have the authority to do it unilaterally. The Senate Democrats from the states who are not in such a biz-bag would not go along either - look at the Nebraska...

David Ellis ( DE Trading, International Trading Group Chicago) always told me that when fundamental news comes out that should clearly change the dynamic of the market and it doesn't... go with the price trend, because it is the strongest trade bias confirmation that you will ever see...

I had a clearing account with Griffin in the 1990's when they went under due to a rogue Bund trader using give-up agreements over the holidays to game the firm's risk officer (who was actually sick in the hospital with early leukemia). The US clients with segregated funds like me got all of...

Producers routinely sell a portion of their forward production into the futures market in order to lock in margin. From my experience, they prefer to sell strips, which are typically the balance of a current calendar year, or a complete strip of 12 months in a forward (Cal 12, Cal 13, etc.)...

"but why you continue to call tops here is beyond me, unless its for entertainment only and youre fine with the idea of making yourself look like a fool" Bingo. Brilliant. There is no legitimate technical reason to be calling for tops in here. Facts are facts, and the market keeps...

And what, praytell, is the technical reason for calling a top here or at 1270? You have taken out every level leaving a clear path to 1450. There is absolutely shit risk/reward in attempting to time a market - you let levels get taken out, and then climb on board. It's called trend following...

"Even if temps are colder than expected, producers increased their net short position by 40.86% implying ample storage levels for the weeks ahead." That is from the Schork Report

In terms of success rates swing trading, we do it with futures spreads and the results are indeed very consistent. I have clients with Win to Loss ratios in the high 60th percentile over spans of several months each with average winners about $275 and average losers about $175. Lower end of...

DB.

When I traded PJM-W financial forwards I also had up the broker quotes (via IM) for the Ercot heat rates - I remember being told in 2008 by said broker that a German Bank desk lost 15mm in two hours in the Ercot hourly market. Sounds about right. Blending wind power and nat gas heat rates...

Having spent several years trading electricity, please be advised that there is not a comparable product to anything else, pure and simple. The capitalization requirements are significantly greater than any other exchange-traded product, including metals and ANY hydrocarbon-based energy...

The big goal is to be consistent - the money is just an inevitable byproduct of the exercise. It does not matter how much capitalization you start out with if you are truly consistent - the worm will turn. Consistent traders attract all kinds of capitalization.

We are always looking for places to go with the grain of the order flow - we model and scan for 'pinch points' where the divergence stands a very good chance for some sustained continuation in terms of volume and momentum in the same direction.

ET: the Nymex markets are all FIFO. DD2: In terms of a market 3 months out like June, are you proposing legging the spreads yourself, or going with the exchange implied? Also, just to add a bit of color, the volatility in, for example, the CL H1:M1 spread will come from the March month...

In order to scalp a low volatility large size bid/offer futures market successfully (I am referring to an exchange-supported implied spread market), you have to maintain queue priority - and that means that you will have to leave a number of orders working in the order book at any point in time...

That's also why the heat rate trade just plain sucks these days as well; better off just taking directional power risk. How is Centaurus doing with this shit show? They took things private anyway. DRW's nat gas options book must be a bit light also.

With the Nat Gas calendars they have been a decent swing trade but a lousy day trade; as you know, they've had a rather modest trading range past couple years. There is so much supply on the market these days that weekly storage and draw figures are really anti-climatic and other than nominal...

I think the cracks will pick up again for the summer driving season - April-ish. The HO crack is pretty much done for the winter by this point in time, look at the HDD and Nat Gas roll. I like the ICE GasOil Crack personally. Great fun.

Intraday spread margin credits have alot to do with the clearing firm you choose. You should choose a major FCM whose risk management can make the necessary intraday SPAN margin allowance adjustments to your execution platform. I know for a fact that TT Pro can accomodate this - but you have...

Much more viable with Member Rates, consider leasing a Nymex seat for about $1100 per month. Problem with the strategy aside from slippage is doinking along for several tics life seems peachy and then getting your ass run over on sustained order flow in one direction - and since you are...