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Re: Christmas holiday order flow: Most traders I know take the last three weeks of December off. The bank desks and funds are not in the market, and won't be until the first or second week in January. The order flows can get very wacky. FWIW during the other eleven months in the year...

"Learn to vary your stops according to market pace (pace is a volume term).. this will lower your losses and move most of the 90% small wnners to larger winners." Not only "No", but "Hell No". I have never before waded into a Jack Hershey post, but this one is far too egregious to let go...

The invariable result is that one or two traders outperforms the balance of the group, with an entirely predictable and ugly outcome.

This is the same central planning committee that devalued their currency 50% in one day in the early 1990's. When the average worker makes like 50 cents per hour, any macroeconomic changes directly compared to a Western worker are going to be incredibly amplified. You can't compare a 1% change...

I know it's a "goldmine", but please review: http://www.elitetrader.com/vb/showthread.php?s=&threadid=200455&perpage=6&pagenumber=68

Martin, as I was writing that post yd I hadn't traded in several days and won't until the new year arrives - personally I have never had much success to speak of during the month of December. Bank desks and funds are out of the market, and I prefer to wait for the better order flows typical of...

"go to Houston" Yep.

A few notes that may or may not add some color: In terms of the yield curve in general, for the past three or four months we have resorted to increasing the sampling timeframes in our charts in an effort to filter out some of the 'false' breakouts. We are really stepping back and trying to...

"With the CQG Integrated Client package, you can trigger trades right off the platform into the execution order ticket. " Point of clarification: you can set trade triggers right off of chart technical studys or chart price levels. You can also link an order book to an Excel spreadsheet -...

There are all kinds of features you can set up with a good execution platform like CTS or TT for futures trading. The column on the far left is the volume traded at that price (electronically). The chartreuse colored price is the last print with quantity. The bright yellow is an average price...

Screenshot of a live March 11 Wheat Order Book taken from my CTS trading platform at 9:56 am Central. The volume traded electronically at that point was 25,633. The price volumes in quotations includes exchange-supported implieds, which is fine for your purposes because it is indeed flat price...

Biggest edges are from 18:00 to 22:00 Central time. Then, dead until the London open. Tight market during U.S. morning hours.

Feeble attempt at countering QE 2 or 3 or whatever version Ben is working on. Fed is trying to keep a bid, China is trying to swim upstream on this one. And the Fed has the authority to buy all of China's U.S. paper if they want out. Cantor and BrokerTec will not see it - resting order from...

European commercials are short supply, and they don't mind paying for the trans-Atlantic barge freight. RBOB crack has been rich IMO since the end of hurricane season. Usually you get the seasonal heating "sell the RBOB buy the HO" refinery run switch but this one has kept its legs...

I think that FINRA and the NFA should register trader training services for a start on a fee-driven basis. And both should host consumer complaints and comments on their websites. While registration might be voluntary, at least some standards might be set, consumer transparency established...

In terms of slippage considerations, if you'd like to see a live screen-shot of an order book DOM let me know either here or on PM and I will copy and paste them for you.

I was part of a LLP investment partnership in 2007 and 2008 - the legal and accounting required some specialization (read $$), and taxes could get pretty complicated in a hurry. In a limited partnership, the investors are generally limited partners (LPs); the organizer is the general partner...

My apologies for asking a serious question. If you're holding the position for less than a year, it appears to be a short term capital gain, which is taxed at the ordinary rate. Which of course was one of the principal drivers for the push on single stock futures contracts. And thank you...

Yep, in fact a nice intraday trendline down complete with lower highs and shallow corrections. Oil and the dollar index are cooperating.

Lescor: Beautiful work. Quick question, can you claim 1256 blended capital gains tax treatment for Options on Equities? Most of my options experience has been with options on futures which of course is, so curious about options on equities.