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That is very clever.

Just make sure that you choose the timeframe that everybody else is using. (that's humor) The problem with oscillators is that everyone else needs to play along as well.

Steenbarger's point-of-reference comes from his experience as the staff shrink/educator at Kingstree Trading and the prototypical Chicago prop trading business model. It is not at all unusual to daytrade futures and realize a 100% monthly ROI on your daily performance margin. For example...

Kill this malarial flop-sweat of a thread. Please.

That is certainly true in the sense that data is data. It's what you do with it that really matters. There is no singular, definitive way to analyze that data or indeed to trade the markets. If you have twelve different successful traders, chances are they are looking at twelve...

Let me just say here for the record that using multiple timeframes does not by default require Fibo, wave counts, MT4 (whatever that is), or any sort of voo doo. I really don't know how all of that becomes a requisite for using multiple timeframes effectively.

Great way of thinking about it. The traditional Chicago Prop business model involves day-trading derivatives and the trader being both staked 100% and also having a draw salary.

Well, we spread LME products between each other and against Comex products. The biggest hurdle is access - most FCMs don't clear LME, and give-up agreements can be expensive. The FCMs that clear LME tend to be members and clearing firms that are professionally-oriented - like Man Financial and...

I could not disagree more. Depending upon the volatility and average true range of the product in question, there is a TREMENDOUS difference in the choice of timeframes used for rules and studies. In fact, for me at least, it is the source of significant edge.

Well, I've had new clients who come to me and then leave Velocity in rather short order because they couldn't trade different products and different exchanges while logged in to the same user ID license. So, for example, if you were spreading ICE Gas/Oil versus Nymex Heating Oil it just...

True, oh so true.

mini-Dow versus Swiss Franc, 73 % two year on-the-run positive correlation on the daily settlement marks. With the DAX, however, the correlation is more like 90 %.

1. Chernobyl personifies as a case study how socialism will both leverage technology and disregard humanity simultaneously. 2. Nuclear waste is not a scientific paradigm - that issue is completely resolved. Please google the terms "France Electricity Energy" and "US Navy Aircraft Carriers...

Higher energy prices, higher inflation, negative for equity markets. The Obama Administration has put the United States, by design and intent, in a very weak position in terms of domestic hydrocarbon and nuclear energy production. Mark my words, Obama is a one-term President. Jimmy Junior.

Whoa... life comes full circle. I came to Chicago fresh out of graduate school as a Nuclear Engineer for Commonwealth Edison in the late 80's. As a single guy living in Lincoln Park in the early 90's, and out of shear boredom, I opened an account at TransMarket Group, leased one of Ray's...

Fidessa, PortWare, Apama, they are all about spread trading in a very high frequency, micro-structural aspect in the markets. You have databases like GrapeVine that are all about rooting out very focused inter and intramarket spread correlations. I've used Eccoware to do 8 legs at a wack...

I have a European client that trades this beast for size - and targets / stop levels are always the most contentious issues. Of course, he hired me to create some diversity away from the Krakken.

That is correct, you were making macro-economic predictions and calling for major market reversals on an intraday line chart using delayed data.

Like any good well-oiled progressive wealth redistribution machine, Illinois only approaches the budget from the revenue aspect and not the spending aspect. Illinois legislatures never met a tax they didn't like, and spending far more money than they take in doesn't seem to be a pressing issue...