I'd be very very careful about energy ETFs like DGAZ and UGAZ. Check out these long-term charts of them: image image I haven't looked closely at these two, but this typically happens due to the future curve and leveraged ETF decay. You could ...

Brokers for trading metals

I plan on putting on a huge short position once we get an advance-decline line divergence. It could be awhile before that happens, but that indicator has worked really well over the years and allows for low risk entries. From there I'll probably ...

Private Island Traders

Definitely keep me posted! I probably wouldn't incorporate in NYC. There's been an exodus in finance lately for places like South Florida. Icahn, PTJ, and Tepper have all relocated there, among many other companies.

Company Formation for the purpose of Trading (CFDs, spot etc)

Believe it or not I used to be Series 3 licensed actually back when I was thinking of creating a CTA firm. Honestly though, its been awhile since my last futures trade because it's been more tax efficient to hold ETFs. I do plan on getting short a ...

Brokers for trading metals

I think the path of least resistance is still higher. The economic data is still decent and we're probably getting another rate cut soon. It's definitely not going to go on forever, but there's still time on the clock and for now I'm resting on the ...

Private Island Traders

Equities sure seem to be getting comfortable in this narrow range. Maybe the PMI number next Thursday will be able nudge them out of this area.

Private Island Traders

I can't think of a good trade for this. It's going to be too weak in the Western Gulf to have a big impact on energy operations. It's predicted to still be weak when it hit's FL and it's hitting a rural area so minimal damage is ...

Hurricane Watch

Manufacturing hasn't been doing well lately, but I just came across a chart that suggests it may pick up soon: image This bodes well for industrial metals like copper.

Metals Outlook: Cash and Futures

Does your model have any fundamental inputs or is it all price/volume based?

WTI Crude Oil Trading

Yep, gold has been going nowhere lately. Selling GLD options has been the moneymaker.

XAU/USD & XAG/USD - Gold & Silver Traders Thread

If you're not in already I'd wait to buy on a new high. Let it prove it can keep going higher before getting in.

Private Island Traders

I couldn't trade short term for US indexes personally. About the best I can do is fade VIX spikes, but that's about the only edge I have shorter term. Longer term its a question of economics which is where I excel at so all of what I do is long ...

Private Island Traders

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Picture Tennis (metals edition)

The latest models have Nestor going to Florida: image And it will probably hit as a tropical storm: image I want to say this could be another time where the NHC massively underestimates the strength like they did with Dorian and Michael, but the ...

Hurricane Watch

You’re welcome. Thinkorswim + IB is an ideal setup.

Brokers for trading metals

Seems like it. Once it gets comfortably above 3000 then the next resistance would be that 3,020 area. It hit 3,022 in September so it came just short of the high then so I think everyone will be watching that area closely. A 3,020 rejection would ...

Trade All: Currencies+Indices+Metals

Ahh, thanks for the explanation! That's the exact reason I have a lot of QQQ, the Nasdaq just moves more than the other two. That said, I thought NQ actually dropped less than ES and YM back in 2008-09? I'll probably be taking on a long-term short ...

Private Island Traders

I'll probably start scaling out soon. I bought a lot in Q4 2018 so it would be nice to hold a little longer to lock in the long-term cap gains rate. Not sure if that's wise though, I know if we dropped 10% from here I'd be feeling sick thinking the ...

Trade All: Currencies+Indices+Metals

Nice work! Why NQ as opposed to ES or YM?

Private Island Traders

Hopefully it's enough to get SPX to a new high. I've been holding a long time and I'm looking to liquidate soon. On my last check 5/7 of the main indicators I follow suggest the market is ready to top, although there's some ambiguity in a couple.

Trade All: Currencies+Indices+Metals