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US evening hours liquidity is mostly keying off of the Singapore energy market. The very early morning US market movement is keying off the Brent contract, which would be London.

I can quite literally see block trades for ICE Swaps of 5,000 contracts within 5 tics of the futures best bid/offer. Happens routinely - dozens and dozens of times per day. Some heavy days like EIA data releases much more. If Shell Houston wants to do 8,000 CL contracts they don't sweep the...

Again, in order to attract liquidity in QM you're going to have to allow successful arbitrage from CL. No one is going to bid and offer liquidity if they can't successfully hedge. CME set QM tics at 0.025 and CL tics at 0.01 exactly for that very reason. I'll say it again - if you're...

And that’s pretty much the point - the Commercials that hold Junk and Municipal Paper are not looking for “micro” contracts to hedge. “Micro” anything will only attract short term speculators looking to pick each other off. Which is why if you’re smart and marginally capitalized you’d trade...

So in other words, you might be able to scalp enough micro CL to maybe cover your exchange fees and brokerage. Because those don’t become “micro“ in a correlated fashion.

The bid-ask slippage is going to be higher on the micro because the MM hedge will be on the mini, which will be higher than the full CL contract again because of the MM hedge. So sure, you might have a lower initial capital requirement - but is it worth 8 cents slippage per RT? Maybe the...

California is their own worst enemy. The plague of problems they are experiencing at present are for the most part, but not all, of their own construction.

https://www.eia.gov/electricity/wholesale/ https://www.pjm.com/markets-and-operations/interregional-map.aspx https://www.pjm.com/markets-and-operations/energy.aspx Before you get terribly excited, wholesale power takes an incredible amount of capital in order to trade. It's an OTC market...

There was a bizarre bit of fortune that got me started in the OTC energy field. Tom Donovan, the CEO of the CBoT, asked the CEO of Commonwealth Edison (James O'Connor) to sit on the Board of the CBoT (Irish Mafia). As luck would have it, Ray Cahnman (TransMarket), Bobby Corvino, and a couple...

Started trading the evening pit session at the CBoT whilst keeping my day job as a Nuclear Engineer for Commonwealth Edison. I leased a Full Evening Seat for like $200 per month or something. Cleared TransMarket Group and was mentored in spread trading by Ray Cahnman. Things really took off...

I believe in extreme moderation. Anyone who is fundamental anything scares the shit out of me. The conservatives, libertarians and moderates in Silicon Valley keep their mouths shut and political thoughts to themselves in CA. Full stop, that simple. They are rightly terrified of being...

We don't need to drag in other States - California is doing really well at propagating class warfare on its own. :sneaky:

Thus far (It's only 10:10 am CT) the Natural Gas futures has had a $480 trading range. Question is if you can find a futures broker that will let you day trade the CME/Nymex HHNG one lot futures using an account capitalized with less than $25K.

I've seen spot Agonquin Citygate spike 120% and Henry Hub go up 1%. Again - the physical storage and pipeline hubs are everything when it comes to weather related problems. Again - unless you have access to the swaps market or the physical market your Henry Hub-based instruments aren't going...

Well, here's the problem; AGT Citygate spot prices can skyrocket and Henry Hub prices can nudge up. And that's a problem for you unless you have the deep pockets to buy and hold swaps. It's always a very temporary dislocation that's regional in nature. They are building out the NorthEast...

Yeah, I am not long NG personally and I don't feel especially emboldened to make such a bet. The amount of supply available in North America is just ridiculous. And they are letting reserves in the Gulf, the Dakotas, in Alaska, and Canada go untapped for now. Jerry Jones bought in on the...

Which doesn't explain a national day of observance for Christopher Columbus in Latin America, the Caribbean, or Italy and Spain. o_O

There's been quite a bit of media attention lately, including pieces in the NYT and the WSJ - questioning whether California has become unlivable. The essential premise is the convergence of the lack of affordable residential living space, overcrowding, massive homelessness and vagrancy...

If you traded oscillators on the overbought side you went bankrupt like twenty times since 2009.

Why do all the sleaziest types trade Forex :confused: