Manin: www.com-trades.blogspot.com Its free, nothing for me to gain, just hope to generate discussion on commodities and try to give a little back... BTW: Feb Live/Belly trade coming back into attractive levels...may try to get into this one again...
Trader, Thanks, Much appreciated. What fundamentals do you follow for commodities? (obviously each product has there own) What sources do you use? Is that Feb Live/Belly spread based on seasonality?
feb/jun piggies is a sell i got in yesterday at the absolute low (love when that happens) and I am working orders to add more as we speak. Got in the platty gold spread overnight, made an excellent profit for like 6 hours so i just dumped it. TX take a look at ap/jun live cattle. Everybody is sending old cows to slaughter right now and really ratcheting back. I think apr/jun looks like an excellent way to play it, let me know what you think. Aug/oct cattle is looking attractive to, although i dont think it will get to 8.00 plus again.
Manin: not sure what the seasonal is on a live/belly trade, I just liked it based on the spread chart and the technicals behind both of the underlyings. Tryed to get it at $6.00 today and if my guy on the floor woulda been paying attention he coulda got it I think. But thats what you get when you deal with the belly pit. Rtrader: I'm not quite ready to buy the April/June on the live cattle, would like to see it back closer to 2-2.5. Also bailed on my short lumber today at a $1 profit just due to strength coming into the equity markets. Looks like that may be a good decision going into tomorrow. My piggies still worry me, as they are likely to get stopped out tomorrow, but oh well, can't win 'em all.
Manin: don't look at fundamentals too much. Mostly just trade on the technicals. The only "fundamental" type stuff I use is seasonal charts, historic spread relations, and of course the carry when talking about grains. Otherwise, I just trade technicals, as I actually came from the realm of ER2 daytrading as my background. Now that that is a defunct product, I just trade the ags, with a venture into the ES and T-bond world every now and then. As far as what I use, DTN ProphetX for charts, news, weather, etc. X-trader for electronic orders, and a good man on the floor for the pit stuff.
Manin: don't look at fundamentals too much. Mostly just trade on the technicals. The only "fundamental" type stuff I use is seasonal charts, historic spread relations, and of course the carry when talking about grains. Otherwise, I just trade technicals, as I actually came from the realm of ER2 daytrading as my background. Now that that is a defunct product, I just trade the ags, with a venture into the ES and T-bond world every now and then. As far as what I use, DTN ProphetX for charts, news, weather, etc. X-trader for electronic orders, and a good man on the floor for the pit stuff. [/QUOTE] What contracts do you trade in the pits over elec.? ( I presume this is purely based on volume??)
Manin: I go to the pit with orders in: Bellies, Lumber, Feeder Cattle, Oats, Rice, and options in any of the ags.