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I never expressed a sentiment, I merely provided charts because you play on C2 and do not by your own admission trade live real markets and apparently do not have a charting package with real time data. I only provided facts - namely, that CL and ES have a very high two year positive correlation.

Holding timeframes are entirely dictated by the trading range and volatility of the spread. For a Nymex RBOB Crack it could be 3 minutes or 30 minutes. For a Eurodollar calendar spread it could be 17 days. Futures spreads are very cheap to capitalize - for example, the overnight margin on a...

http://www.politico.com/news/stories/0811/60640.html This is a fantastic article that I believe to be about the most fair and lucid summary of where the political landscape sits.

I have clients paying retail commissions with accounts they started with $25K who are making more money spread trading than they every did in the past scalping ES or CL or 6E or whatever. It just seems insane to try to make a go of it scalping with technical indicators - the market turbulence...

You have to be very careful and really do your scouting in terms of trading flys and condors on a HF basis - the slippage will eat you alive. Look at the actual order books for the individual legs in lieu of the charts (there is a latency artifact in the charts for the last print versus the...

the big difference of course is the futures versus the equities - completely different beast and business model.

US borrowing tops 100% of GDP: Treasury (AFP) – 2 hours ago WASHINGTON — US debt shot up $238 billion to reach 100 percent of gross domestic project after the government's debt ceiling was lifted, Treasury figures showed Wednesday. Treasury borrowing jumped Tuesday, the data...

Debbie Wasserman Schultz: ‘We own the economy’ From Politico, By MOLLY BALL | 6/15/11 11:35 AM EDT Democrats are ready to take responsibility for the state of the economy and they deserve credit for putting it on the right track, the party’s chairwoman, Rep. Debbie Wasserman...

Well, if they are supplying the risk capital you need to look at it from their perspective and they surely feel obligated to extract their pound of flesh. At least these days the contracts conform to Illinois "At Will" employment statutes and you can walk. Up to five years ago the Chicago prop...

I've placed several clients here locally in Chicago. Spread traders and black box guys seem to dominate - I know of very few pure scalpers these days. Ten years ago they were all scalpers and the spread traders were a minority. IMO it just got harder and harder to hold a big scalp position...

Well, they are going to fire you if you are $XXXXX amount in the hole. If you get paid out for the second quarter bonus and suffer a big loss in the third quarter they are going to count that debit against Q1 and Q2's profit until you make up that difference. They are also going to have a...

DT, you are referring to prop equities firms - we are speaking about prop futures firms like the Chicago prop futures business model, they are completely different animals. No valid comparison.

CME Rule 106.R. Electronic Corporate Member Firm 6. What guidelines are used to determine if trading is proprietary? A proprietary account is evidenced through: • All profits and losses of the account are included in the income of the firm. • All profits and losses of the account are...

Hey, America is a center to center-right country. Always has been. Voters prefer a divided government. What you see for governance in Texas or Illinois cannot be replicated on a national scale - and that is not necessarily a bad thing. Governor Cuomo in New York is the wave of the future...

Nah.... The real risk is trying to water ski on Lake Austin during a summer weekend.

Generally speaking, Chicago futures prop firms won't let you bring in your own capital. In fact, the CME bylaws for electronic trading member firms specifically stipulates that the firm and not the trader/employee take the downside risk. Of course, that's why they pay out periodically and some...

Austin has always struck me as being not only a great college town and of course the state capital but a progressive oasis in a sea of bible thumping hard-core conservatives. I'd love to live there personally. Great town.

Well, propped up more by blue state tax refugees than oil as of late to be more precise. And yes, despite the fact that I am a Christian the Southern Baptist types are way too preachy for my taste.

I would wager that you would take a shine to Austin.

Expect about a 50% profit split for a Chicago-style prop futures business model. The scale typically goes up when you reach some high water mark in terms of P&L. Some will ask you to share your code for "security" or "risk control" purposes - my understanding is that a few do not. You will...