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First NY securites training program is 18-24 months and is very through. Traders over their are not scalping for ticks etc.

First NY Securities is in a totally different league. It's tough to explain. Check out their website . Bascially First NY is much more global firm trading across multiple products . They are competing for talent with GS, JPM etc.

Hi Old Guard, I have that prop. firms can be divided into 2 categories. Category1. Broker- Dealer prop firms like T3 capital, T3 live, Integra Capital ( whose broker delaer is T3) Avatar securities etc. NY alone has around 30 or so firms like these. They basically provide you 1 to 10 to 1 to30...

I am looking for a prop firm which allow traders to trade futures. I wanted to join Bright Trading but like most firms they only allow equity or ETF trading.

You only need couple of traders for discussion and make it a learning experience. I have been trading futures and have experience with them. I have never traded FX and therfore do not post. I do however read your post daily. Thx

Out flat 99.48.

Looks like Visaria is going on vacation. Will try to trade in the direction of the trend in your absence.

Out of short 100.48 on failed A down. Long 100.67 off ORL on daily failed A down. Out some 101.14. Need to break 100.60 area with CONVICTION for more down moves today otherwise stuck in a box.

Had to manage the short.

Unless some major macro event is underway ( like Gulf war) CL trades within a tight range. Whether one looks at yearly, monthly,weekly or daily range. CL tendency to be range bound provides some nice set ups for reversion to the mean type of traders. Seems like most of the years on this chart...

out some 102.33. Added to long 101.64. Looks like CL will be in a box rest of the day.

New sanctions against Russia from Europen Block put a bid under CL. Not good for equities. I buy this more than a move based off some pattern. News is not confirmed but traders react first and ask questions later. Long 102.02.

Looks like a move of conviction to me. Will see if longs make sense on pullbacks around 101.70 area. NOTE CORRECTION: Previous post should read cover 101.14 and 101.10.

Out 102.13 yesterday. Today is a new day and see what's in store for the day. CL continued to show weakness. Short 101.98. Cover 101.54 and waited for NY open. reshort 101.60 area. Reduced position size after 15 minutes . Cover 1 100.14 and oteher 100.10. No longs , yet. Buyers need to show...

Short with a long hold time. added to short arond 102.80 on bounce from 102.60 area. Cover some 102.21. I like to start every day fresh. Today A down confirmed , so i plan to reshort any bounces to 102.80 to 103.20 area. Otherwise holding runner to see where she goes. Beyond 100 ticks move...

A up confirmed. Pullback to OR area calls for a long. Long 102.74 and out 103.09 flat.

Added size to short around 103.22 area for reversion to the mean set up and BOOM. There is nothing wrong with adding to so called loser if RISK is within ones profile.

With you and feeling some PAIN since i did not follow RULE #1.

I am with you on this one. Bids- Ask, Times and sales, level 11 etc. have not looked at them in years. I trade CL, TF, GC etc and take trades based off order flow. Have not traded Forex but have started looking into Forex after reading your posts. I use Mark Fisher method for context and...

Shorts and shorts in RB. It does not matter if it's CL, RB , GC etc. It's the same approach.