Tiddly's winks

[Overnight]

I haven't looked at a CME Performance Bond Bulletin in some time.
Here's the one which became effective today.

https://www.cmegroup.com/content/dam/cmegroup/notices/clearing/2022/03/Chadv22-070.pdf

I don't recall what "HRP" and "Non-HRP" stands for/means. I'm not even sure if this new nomenclature or not! LOL

Does anyone know what "HRP" and "Non-HRP" means or stands for in context of performance bonds??

Thanks

Yes, it's a change in nomenclature. They used to differentiate between "Spec/Hedge/Member/Non-Member" and such.

Now it's simply HRP and non-HRP, HRP being "High-Risk-Profile."

So just like before, you as a retail specerlator is in the HRP camp and will always have 10% extra tacked on.

 

[tiddlywinks]

Yes, it's a change in nomenclature. They used to differentiate between "Spec/Hedge/Member/Non-Member" and such.

Now it's simply HRP and non-HRP, HRP being "High-Risk-Profile."

So just like before, you as a retail specerlator is in the HRP camp and will always have 10% extra tacked on.

Thanks @Overnight

 

[tiddlywinks]

Tuesday, March 15, 2022... US corporate tax filings due. Includes S-Corps.

 

[tiddlywinks]

A nice day to end the week and start a new month and quarter.
Traded ES all day, 1 contract per trade, with a 5 minute chart.
I do not trade ES often. And my preferred chart is the 2 or 3 minute.
A perfect day with those changes = progress! However, capture of todays rth high-low linear range was only 42%.

 

[tiddlywinks]

ES Daily (24 hour per TradingView).


This weeks rally and todays reversal of fortune is no surprise.
JH methodology just works!

 

[Laissez Faire]

Care to elaborate...?

 

[tiddlywinks]

Care to elaborate...?

Not really. LOL

There are several JH concepts going on.

1) 1-2-3 containers, iow, channels... two fractals annotated, but there are at least 3 fractals including the bar-to-bar 1-2-3

2) Lateral formation

3) FTT (Failure To Traverse) on April 18 in combo with a lateral breakout failure.

4) And another lateral breakout failure in combo with lock-in of the Outside bar mid day.

Haven't even mentioned volume.

HTH

 

[tiddlywinks]

I located some "old" reading material this past weekend.

Here is one, The Straight Line Approach. I don't remember where it came from or who wrote it.

Enjoy.

 

[bh_prop]

I located some "old" reading material this past weekend.

Here is one, The Straight Line Approach. I don't remember where it came from or who wrote it.

Enjoy.

DB PHoenix was the author, brings back memories

 

[tiddlywinks]

Fresh RTH lows in ES, and I'm wimping out for the final 45 minutes... Platform is now off.

Frankly, the possibility of the 7% trading halt here is close to real, lol.
I have exactly No interest in getting caught in something like that going into the close.

This week is the reason I trade!