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Technology moves on and sooner or later new energy tech will be productized, rendering petroleum obsolete. Oil producing countries have allowed themselves to become fat and complacent with all the easy money rolling in. Easy money seems like a good thing, but it's actually corrosive to...

Dayum, you're right...

I want to make sure I'm interpreting this correctly. The difference between a day's close price and its pivot for that day is very frequently very small?

I've been telling my family and friends this for years but no one believed me. They're too busy listening to conservative talk radio to think straight.

That was an excellent paper. Not terribly long but full of interesting ideas.

+1 on that. If you're eventually going to trade full time, you need to treat the matter as a business. (Good) Businesses have backup networks, data storage etc. if it's critical to their operation. Having a backup plan for power, network and computer are critical to a trading business...

Interesting. What are the steps in the curve cause by? Increasing lot size?

Anything more than $1.50 per contract is highway robbery.

What has been seen cannot be un-seen. :cool:

Ugh, she looks like a dyke. :D

LOL that's how Nick Leeson brought down Barings Bank. :D

BTW I hate straddles since you have both theta and vega working against you. I much prefer trades where I'm selling some premium.

Hey dentist, what did you base your 27.9 target on?

You're basically predicting that a big move will occur some time in the future and it's going to be significant enough to overwhelm your initial debit. The number of months out you go in expiry month should reflect when you expect the big move. This sort of thing is usually done on...

One obvious consideration is how much data you're storing. I use SQLite which works fine for my purposes. I have over 2 years of tick data in csv files for EURUSD and some other forex pairs. They're around 4-5 gigs each. They imported into a SQLite data with no problem and the data is much...

I'm actually quite familiar with P&F charts, but which "holy grail" posts are you talking about? There are literally hundreds of them, mostly jokes and unrelated to each other. Haha, never mind. HolyGrail is the name of the OP of this thread. :D

With trading you have to decide how much pain you're willing to endure if all your stops are hit. With option credit spreads, it's how much pain you're willing to endure if they all go in the money. If your max risk per credit spread is 2% and you have 50 of them open, you'd be risking 100%...

Are the 3 projections basically linear regressions of 3 different lengths? A quick drawing of LR lines seems to indicate that they're long-, intermediate- and short-term LR lines.

There are folks who trade iron condors every month on SPY. Because it's an ETF and not an individual stock, its volatility is more muted and therefore lends itself more to sideways strategies. It should be possible to come up with 1:1 risk:reward IC trades that win 60-70% of the time.

What're we lookin' at here, nuke?