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Catching Big Waves - a trader's journal of surfing the the markets
Catching Big Waves - a trader's journal of surfing the the markets
Silver Dragon
Cincinnati Ohio
Legendary Master Data Manipulator
Experience: Intermediate
Platform: TastyWorks / NT
Broker: TastyWorks /NT
Trading: FX, Stocks, Options
Posts: 2,107 since Feb 2011
Thanks Given: 6,422
Thanks Received: 5,238
I traded corn at one time... Watch the overnight spreads and liquidity. Depending on the weather it can very seasonal type of trade, meaning it may go through a period with very little movement. This makes indicators almost useless.
It tends to spike more on news compared to other instruments. Thus the limit up / limit down.
Overall, I liked trading corn (would do it again) but it can burn you quickly if you are not paying attention.
SD
nosce te ipsum
You make your own opportunities in life.
Can you help answer these questions from other members on NexusFi?
Yes, I have read enough about it to know I know nothing. Traded it in sim a couple times.
GaryD
Orlando, Florida
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011
Not seeing what I think I would like to, and have not traded 6B enough to take a weaker stance. There was a lot of volume that came in at minor resistance, and yesterday's move could be enough to bring about consolidation today. Watching the ES on another computer, it is not as frisky as it was yesterday either.
I am going to leave for Miami. Zero trades for me today, possibly no more until next week.
intra day- Once price pulls into OR after an A up or A down- it is typically a MESS as shown by days price action. Does not mean there are no trading opportunities- all it means on days like today trading requires lot more effort and LUCK. Break down of 102.40 into euro close was not with much FORCE but I still plan to follow the PLAN.
PRC - Polynomial Regression Channel, many versions here on futures.io (formerly BMT). A more or less worthless indicator in my opinion, as it repaints like mad and encourages people to try to pick tops and bottoms which is bad, bad news. Just my two cents... Not meaning to step on @GaryD's toes.