I would definatley be interested in those study materials if you wouldnt mind posting them or sending them to my email.
thanks
thanks
Annoying Precision
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Dislikedyou're not nagging If you are trading someone else's funds, you will be required to be a CTA or CPO if you use a FCM (Futures Commission Merchant) in the US. If you use a UK or Swiss based FCM, they will usually relax the rules for you. It is worth getting if you want to be a Boutique HF. It costs about 700 or so a year once you make it as a CTA/CPO, which is just a $200 application to the NFA once you get the exams done. Once you are a CTA/CPO, the NFA has a lot of slicitation regulations but you will be able to have 400K+ pools. If you are...Ignored
DislikedI would definatley be interested in those study materials if you wouldnt mind posting them or sending them to my email.
thanksIgnored
Dislikedyou're not nagging If you are trading someone else's funds, you will be required to be a CTA or CPO if you use a FCM (Futures Commission Merchant) in the US. If you use a UK or Swiss based FCM, they will usually relax the rules for you. It is worth getting if you want to be a Boutique HF. It costs about 700 or so a year once you make it as a CTA/CPO, which is just a $200 application to the NFA once you get the exams done. Once you are a CTA/CPO, the NFA has a lot of slicitation regulations but you will be able to have 400K+ pools. If you are...Ignored
DislikedAlso, you do not need to take the exams or register as a CPO or CTA if you want to trade accounts < 400K or have 15 or less clients. You will just need to register as EXEMPT with the NFA's electronic registration systemIgnored
Dislikedyou're not nagging If you are trading someone else's funds, you will be required to be a CTA or CPO if you use a FCM (Futures Commission Merchant) in the US. If you use a UK or Swiss based FCM, they will usually relax the rules for you. It is worth getting if you want to be a Boutique HF. It costs about 700 or so a year once you make it as a CTA/CPO, which is just a $200 application to the NFA once you get the exams done. Once you are a CTA/CPO, the NFA has a lot of slicitation regulations but you will be able to have 400K+ pools. If you are...Ignored
DislikedSeems they changed the amount, I had been previously told it was <250K.
Good to know.
Here are the references:
CPO and CTA Exemptions and Exclusions
Electronic code of Federal Regulations
Exemption system...Ignored
DislikedBeen reading your posts on the subject...thanks for the good information!
In addition, do you need to take these, or any other, specific exams to trade for a bank? For example, UOB bank in Singapore.Ignored
DislikedHi Doblece,
Here is the Ref Guide. Check out 4.13(a)(2) column. That shows the 15 clients and 400K thing. It must have been a recent change I guessIgnored
DislikedHere is my take. AUD broke my 50 MA and after that it always has a heavy bounce when it gets to 100 MA. The issue right now is the low volumes which makes me more unsure than I would be. Also, we would be moving to 91000 which also doesn't help that it is smack in the middle of two strong S/R lines. If there were no 00 in the mix, I would be more bearish. I will post some more analysis, just running through the charts.Ignored
DislikedAttachment
Was drawing the neat rectangle when price started piercing it down.
However, it could just be a stop hunt.
Attachment
I think price should "at least" reach 38.2% retracement at 9135.
9155 possible, but action very heavy so unless something changes, direction is mostly bearish.
Though yesterday's "magic number" 9175 could still have some magnetism (61.8% retracement of whole swing).Ignored
DislikedThanks for sharing your view. However, it completed it's 38.2 retracement on my charts and as for stop hunting, I don't see any major concentration here that would trigger any action as SL hunting IMHOIgnored
DislikedI dunno, we did fly past 9100 and now are right back at it, so there might be a little stop hunting. Howevr, on my charts, fib 23.6 is right where it tunred around, so there is some ambiguity as to the reason for the reversalIgnored
Dislikedstop hunting doesn't occur often and at various places. Most likely to expect one is at the place where a lot of traders put one. They can be easily found just above a nice TL. So, I was just stating that IMHO it may bE something else, but I don't see any sufficient reason for such an action to take place at this levelsIgnored
DislikedI dunno, we did fly past 9100 and now are right back at it, so there might be a little stop hunting. Howevr, on my charts, fib 23.6 is right where it tunred around, so there is some ambiguity as to the reason for the reversalIgnored