The ACD Method

justrading · Feb 16, 2016

No cuts, just four freezing output at January levels. Also Iran has come on with its supply. All that's saying is they will continue to pump more oil than is needed.

http://www.bloomberg.com/news/artic...russia-agree-oil-output-freeze-in-qatar-talks

Maverick74 · Feb 16, 2016

justrading said:
No cuts, just four freezing output at January levels. Also Iran has come on with its supply. All that's saying is they will continue to pump more oil than is needed.

http://www.bloomberg.com/news/artic...russia-agree-oil-output-freeze-in-qatar-talks

I think they were just testing the market. I don't think they liked the response.

justrading · Feb 16, 2016

Oil producers version of Central Bankers talking. Needs some work, LOL.

kinggyppo · Feb 16, 2016

Robert Yanks said:
Question from a homegamer:

For you good guys who have been around successful traders (especially you Mav, with all your experience dealing with a large number of traders) I would appreciate your take on Jason Leavitt's comments starting at approximately the 43:00 minute mark. In a nut shell, he said they (successful traders) specialize in doing one thing very well (and he provides examples).

Would you say that is true .... sorta true ..... etc?

Thank you.

https://soundcloud.com/https%3A%2F%2Fsoundcloud.com%2Fchat-with-traders%2F017-swing-trading-for-a-large-chunk-of-major-trends-a-common-trait-of-pro-traders-w-jason-leavitt

lots of good stuff in there good find. This is pretty good.

https://soundcloud.com/https%3A%2F%2Fsoundcloud.com%2Fchat-with-traders%2Fep-008-anand-sanghvi-sang-lucci

hoop121 · Feb 17, 2016

Maverick74 said:
I think they were just testing the market. I don't think they liked the response.

If Iran is not included in this (and they wouldn't cooperate even if they were), then nobody cares about OPEC freezing production at current levels. The guys I talk to on a daily basis are balking at any and all news out of OPEC right now.

logicaltrader · Feb 17, 2016

For anyone interested, the RBOB front spread is worth a look...

FCXoptions · Feb 17, 2016

logicaltrader said:
For anyone interested, the RBOB front spread is worth a look...

Wtf, 24 cents. I didn't realize it had gotten so large.

I'm guessing a surplus of fuel that can't be stored for long is killing the front month?

logicaltrader · Feb 17, 2016

FCXoptions said:
Wtf, 24 cents. I didn't realize it had gotten so large.

I'm guessing a surplus of fuel that can't be stored for long is killing the front month?

The Mar/Apr spread is usually quite wide because of the gasoline spec change but what caught my attention was that it made a QADn today after confirming a WADn early this morning and an MADn yesterday.

Maverick74 · Feb 17, 2016

I'm surprised nobody has commented on the vol crush in oil. That was a massive move. I sold vol almost at the high. Very lucky timing on my part.

kinggyppo · Feb 18, 2016

http://www.valuewalk.com/2016/02/monetary-policy-3-ray-dalio/?all=1

The ACD Method

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