I have been looking at MRCI recommendations and trying to combine wi th COT data

Wondering if u have had success combining anything else? Like Elliott waves or wave theory of patterns like higher high with pullback or some technical indicator like stochas tics s on daily to time entry?

Of course less is better just seeing what u think works to filter MRci

Thanks

jokertrader 

I have been looking at MRCI recommendations and trying to combine wi th COT data Wondering if u have had success combining anything else? Like Elliott waves or wave theory of patterns like higher high with pullback or some technical indicator like stochas tics s on daily to time entry? Of course less is better just seeing what u think works to filter MRci Thanks

No, I do not use Elliott waves. I never studied them in detail.

Sometimes I use stochastics to find an entry point, but I do not use them systematically to find promising trades.

I usually combine seasonals with S&D data and COT data, and try to find years with similar fundamental data.

Another important issue I look at: Does the actual chart look similar than the seasonal chart for the most recent months ?

Best regards, Myrrdin

Hey myrrdin great call on silver.

On 4/11/18 opened a put contract for gold: -1OGN8 strike1500, +1OGN8 strike1550 for premium $2.00. On 4/21/18 I closed the contract for a net $1.00. Any one:
Gold seems to be range bound. What are some of the correlations you see between Gold and equites, bonds, dollar etc..

BABAK

rajab 

Hey myrrdin great call on silver. On 4/11/18 opened a put contract for gold: -1OGN8 strike1500, +1OGN8 strike1550 for premium $2.00. On 4/21/18 I closed the contract for a net $1.00. Any one: Gold seems to be range bound. What are some of the correlations you see between Gold and equites, bonds, dollar etc.. BABAK

According to data from MRCI, correlations for Gold (previous 180 trading days) are:

ES: 0.37
US:-0.69
DX: -0.84
SI: 0.34
HG: 0.29
CL: 0.51
NG:-0.16
LB: 0.60 (highest value for a growing commodity)

Best regards, Myrrdin

Teaching myself how to interpret COT report and use it in trading.

Unbelievable, as per past friday's report large spec were net long 728K contracts on top of this summer season (crude oil historically goes up), isnt even here yet. I agree, either just be long the outright contract but trading by selling calls or puts is not a good idea.

thanks

VJ

vmaiya73 

Teaching myself how to interpret COT report and use it in trading. Unbelievable, as per past friday's report large spec were net long 728K contracts on top of this summer season (crude oil historically goes up), isnt even here yet. I agree, either just be long the outright contract but trading by selling calls or puts is not a good idea. thanks VJ

COT data is a good instrument to find out, that the next move to the right direction might be a large one. But COT data is not a good instrument for timing of this move.

Best regards, Myrrdin

Any one know why Silver is unwinding?
COT is lot less long.

BABAK
THANKS

rajab 

Any one know why Silver is unwinding? COT is lot less long. BABAK THANKS

Just my opinion, but I think with the US dollar strengthening it is putting pressure on the precious metals. Gold also has been trending lower.

thanks

VJ

Hi folks,

I have short options position on wheat z18 futures according to the recommendation of James Cordier in his 2018 JanFeb newsletter. It is C600. Now ZWZ18 is at 570.
Should I cut now?
Thank you for your comments.




Best Regards
David

sinpeople 

Hi folks, I have short options position on wheat z18 futures according to the recommendation of James Cordier in his 2018 JanFeb newsletter. It is C600. Now ZWZ18 is at 570. Should I cut now? Thank you for your comments. Best Regards David

It is a good idea to define a stop before entering a trade.

Obviously you do not have an opinion on the wheat price. In this case, I would buy back the options, and take a loss.

I recently sold the WZ C700 at an average price just below 8.

Best regards, Myrrdin