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http://www.youtube.com/watch?v=ZmGO_bTgIf4

Barack Obama has things under control.

Trading is no different than any other serious endeavor in life - preparation is key. Plan your work and work your plan. Nothing 'random' about that. It would be incredibly naive to think that a random approach (like a coin-flip for entry bias, and an equally random timing mechanism for...

Look, the cost for intraday futures data is passed through to the exchange. In fact, the real time data feeds account for 75% of my monthly charting package expenses - be it eSignal or CQG or whatever. CME and Eurex and whomever is getting that fee. So, if you want quality data that you...

We trade Aluminum on the LME, use it mostly as a spread vehicle against other industrial metals like Copper. So, in terms of charting the non-ferrous metal as a commodity, use the LME three month high grade aluminum futures contract.

"and significantly better spreading performance". Well, I have three clients who reported to me that each got hosed pretty hard spread trading with CQG IC - well into five figures each. One client in Australia, one in England, and one in California. There are better automated spread trading...

I do not know of any here in Chicago that would let a newbie trade futures remotely. I do know experienced futures traders with established track records at firms who have been allowed to trade remotely, but it's not common. The typical Chicago prop futures business model has capitalization...

IMO Adult ADD is a very common trait in the trading community. If the afflicted can manage to repress the impulsivity aspect, the creativity and ability to function well under stress and chaos are the positive traits of ADD that actually serve as an advantage. Medication in the correct dose...

"I'd want to own oil MLPs." The Democrats have been quite active towards eliminating the tax benefits of MLPs, which are meant to subsidize capital investment in energy infrastructure.

Increase, my apologies... I use a combination of proprietary software tools and methodologies, and this expertise I use with my client work. There are about fifty of my clients who are avid ET readers (they never post, however, none of them) and they would be furious with me. Let me just say...

"Do those OTC trades have to be reported to CFTC within 5 min and counted in daily volume?" Depends if they are bilateral or financially-cleared through London Clearing House (ICE Swaps) or ClearPort (CME). And that is determined by the broker through counterparty preference and agreement.

My clients using the Integrated Client spread trading execution platform along with the charting package and several exchanges worth of live data pay about $2,200 USD per month. A TT Pro license is about $1,800 per month, and CQG with several exchanges and live data will cost you several...

Because if you can make or take good delivery for size, you are in the ultimate position of power to exploit the volatility. The most fun I ever had trading was for a big commercial utility during very cold winters and very hot summers in the 1990's. The biggest month I ever had was...

Big orders get done OTC as block trades. A good OTC broker is very discreet and does not trade their own accounts. Tradition FS or Garban/ICAP come to mind.

"Looks like lower highs to me with a descending triangle setting up." I have no earthly idea, but to reply that the same case might have been made in November. Again, smart money waits for the market to physically print the trend failure. Just wait for the market to show you where it wants...

Email received today from a client who recently went live, and I quote: "Nice to see and appreciate you sending along. I didn’t send but I had 3 trades last week that netted 1,600. I only traded one day though. My absolute monster to work through is time – getting to a consistent...

Another note from a client regarding a live trade: And I quote: "Nice to see and appreciate you sending along. I didn’t send but I had 3 trades last week that netted 1,600. I only traded one day though. My absolute monster to work through is time – getting to a consistent routine...

Let me just say that if your original strategy was to take directional risk, and then you choose to "hedge" it when things start to go South on you, then I would completely agree that hedging would be a complete waste and in fact might make things worse. In that scenario, it would be best just...

Optional, let me just say thanks for making well thought out and civil arguments. Much appreciated. I just don't see how James Carville and Mary Matalin could end up getting married.

Trend Channel still intact. This is why smart money does not time markets, but waits for technical price action confirmation. An experienced trader looking to capture a sustained move would much rather sell 1280 instead of 1340. Think about that.