Futures Magazine April 01, 2011
Cover Story
John Taylor: Growing up with forex
John Taylor was thrust into the interbank cash foreign exchange business by accident. He soon became an expert, and 40 years later is operating one of the largest forex-focused commodity trading advisors
Trading Techniques
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Trading China: What you need to know
Grasping how Chinese markets evolved and operate can enhance your trading success
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E-mini S&P 500 five-minute breakout solution
How to use five-minute breakout bars for better intraday swing trade entries
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Commodities and the law of gravity
What goes up, must come down; and commodities are at historic highs
Technology & Trading
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Taxes and money management: After-trade management
Dealing with real-world issues such as money management and taxes
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S&P 500: Moving averages provide a simple solution
Small modifications can optimize the usefulness of moving-averages
Forex Trader
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Avoiding forex disaster through non-correlation
An ever-present danger facing spot forex traders is the constant focus on short-term opportunities while missing the big picture
Futures 101
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Top five forex fundamentals
Currencies move for many reasons; it would be foolhardy to ignore these fundamentals
Industry Trends
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Merger mania and the clearing bonanza: Trader's view of the world
Between regulatory changes and market mergers, the trader’s world is changing quickly
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Traders' View of the World: chart
If regulators sign off on Deutsche Börse’s takeover of NYSE.Euronext, Europe will have a megalithic futures exchange to rival the CME Group. The European Commission, however, isn’t likely to let that happen without extracting certain conditions
Markets
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Currencies: Balancing inflation and world events
While forex markets struggled to stay ahead of events in 2010, a return to normal fundamentals may be around the corner
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Tech Talk: EUR/USD breakout at key pivot
One of the biggest stories in the foreign exchange market last month was the ECB's message
Editor's Note
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Alan did it
"The greatest tragedy would be to accept the refrain that no one could have seen this coming and thus nothing could have been done. If we accept this notion, it will happen again…. It falls to us to make different choices if we want different results
Book Reviews
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The Gartley Trading Method: New techniques to profit from the market’s most powerful formation
Review of "The Gartley Trading Method" by Ross L. Beck
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The Ultimate Guide to Trading ETFs: How to profit from the hottest sectors in the hottest markets all the time
Review of "The Ultimate Guide to Trading ETFs" by Don Dion and Carolyn Dion
Market Analysis
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Accommodative policy exit still on hold
The economy, and hence the Federal Reserve, are beset by uncertainty, forcing monetary policymakers to keep their options open
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Measuring wheat’s downward moves
Wheat prices began a steady climb when Russia banned wheat exports in August 2010 because of a poor harvest
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Cotton bouncing high
We have written about cotton a number of times over the last six months as it has nearly doubled in price since an October low of
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Oil striking it rich
There’s a reason oil is known as “black gold.” While it had stayed mostly in the $90 range since Jan. 1, it has recently gushed over $100 a barrel
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Live cattle running wild
Live cattle have enjoyed a bull market since October and only recently begun breaking to the down-side
Managed Money
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CFTC puts (position) limits on logic
One of the overriding goals of the Dodd-Frank Act, particularly as it addresses the over-the-counter swaps markets, is to get much of it standardized and under the regulatory authority of the CFTC
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Managed futures and retail: Not mutually exclusive
Managed futures increasingly are going mainstream. Here’s how it began
Options Strategy
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Trading a quiet forex market likely to breakout
Before the World War I, most national currencies featured convertibility to gold. At times, this could act as a drag on the economy
New For Traders
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New For Traders: Commodities
New commodities products
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New For Traders: Options
New options products
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New For Traders: Financials
New financial products
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New For Traders: Forex
New forex products
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New For Traders: Technology
New technology products
People
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Axe takes reins at LCH.Clearnet
New employees and promotions in the trading industry
News
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Chartview: Setting the bar low
As part of its mandate to set speculative position limits in energy and metals futures markets the CFTC is proposing spot-month limits based on
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Regulators face budget battle
The Dodd-Frank Act is law and rules implementing it are being written, but it could be a lame duck
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Another contender
By the time you read this there will be another competitor for U.S. Treasury futures business
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EU bans naked CDS
In another example of the growing trend to blame rising prices on speculators, European Union (EU) lawmakers approved a ban on naked credit default swaps (CDS) of sovereign debt
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RCG sanctioned in patent case
While it may seem that court battles over Trading Technologies’ "static ladder" and related patents that once threatened to disrupt futures markets’ cost structure are old news, there are still cases being disputed
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CBOE wins patent suit
A United States District Court found on March 3 that the Chicago Board Options Exchange (CBOE) did not infringe upon a patent held by the International Securities Exchange (ISE)
Trader Profiles
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Rulle’s of distribution
Michael Rulle is an emerging commodity trading advisor (CTA) with 30 years of experience in the trading business, most recently serving as president of a CTA with as much as $8 billion under management
CTAs
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Top CTAs January 2011
Top CTAs for January 2011
Hedge Funds
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Hedge Funds January 2011
Hedge Fund performance for January 2011
Public Funds
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Public Funds February 2011
Public Funds through February 2011