Search results

LOL.

You posted one hour charts of the Japanese Yen in your OP. By your logic - a retail currency speculator with a news feed has the same information advantage as The Bank of Japan or the Sumitomo and Daichi Bank Trading Desks. You’re absurdly naive

Commercials know of and react to events much earlier than it gets reported on ANY news outlet like Reuters or Bloomberg :banghead::rolleyes: Commercials ALWAYS have an information advantage.

Your conviction that Commercials have the same requirements of and access to the same news and information sources as the public is strikingly naive.

Ummm, yeah they are. Commercials are the origin. Commercials by definition are users and producers on an industrial scale. They accumulate and distribute the underlying. Your understanding of what market participants do is flawed.

If that were true, then nobody would care about previous highs and lows. Your OP phone screenshots show a couple days of data at best - how does that capture “trend” and fundamental forces at work ? The big Commercials whose order flow moves markets and whose information advantage is, quite...

The pathetic part of these prolific "market top" threads is that you don't need to time market tops in order to make money trading. In fact, it's rank amateur.

No, just the opposite. You are running backwards. "TREND" as far as trading is concerned quite literally implies 'the big picture' - and how are you going to determine that modeling snapshot short term data?

You will make things so much easier and more obvious if you move from using one hour data to weekly data when it comes to identifying a legit 'trend'. It always slays me when I see people talking about 'trend' and using short(er) term data. Back in the time that I day traded - I used 360...

Then by all means recommend a broker for him.

He PM'ed me asking for a public reply to this specific thread about what myself and my clients do in terms of clearing. So I answered his query making sure I stipulated that we were trading exchange recognized inter and intra market futures spreads. I wish him good luck finding a competent CFD...

I have international clients who get the exchange inter and intra market SPAN margin credits from the US futures clearing firms Advantage, Rosenthal Collins Group, RJ O'Brien, and other Chicago FCMs. Most fund their accounts with less than $50K USD. Do NOT use a discount brokerage, as their...

You can say the same thing about a million consumer items - televisions, integrated circuits, etc. etc.. I challenge your premise that HH NG at $1.78 is a loss leader. To be specific - the technology and equipment costs to bring Natural Gas to market in the late 1990's (specifically Gulf of...

You're not technically correct about Natural Gas storage in the United States. Chicago City Gate comes to mind - where natural gas is stored underground in salt mines. See the EIA Underground Storage figures: https://www.eia.gov/naturalgas/weekly/

Now you know why just about every electric utility switched over from oil-fired to natgas-fired boilers. The most important fundamental to know is the pipeline basis cost. And the blue state politics which help fund Putin's kleptocracy. In 2016 officials in Massachusetts and New Hampshire...

Position Management by far. No question. I've heard it said that perfect trade entries don't require much in terms of position management but nobody has "perfect" entries (unless you're doing something illegal). I typically see traders put 99 percent of their energy into trade entry. Which...

Of course, the problem with trading "momentum" is that your technical study or statistical sampling model has to, by definition, sample a considerable data population and it is a lagging indicator. Point being, by the time you get in it might very well be too late. This is the ONE example...

In the US, you can't deduct your futures trading losses regardless of the strategy you're using. I would strongly caution against taking tax advice on a public internet forum. Consult a tax expert privately - it's cheaper than jail.

1. You can benefit from a loss by not repeating it, and 2. Your first problem is daytrading as a strategy. Your second problem is daytrading with $1,000.

S&P 500 down 1.78% and TSLA up 1.52% today. Just saying - that’s a hell of a bullish divergence. In fact, look at the spread since you started this thread. Extraordinary.