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Thanks for the tips. When I found the differences in the markets, I was lucky enough to have a friend visit who's an ex-pit trader. I mentioned to him how much Corn had changed in terms of participation. It was like moving from the ES to the YM! (ok - exaggeration)
It was him (thank you Mac) that pointed out that the characteristics of the different products are different. Mac suggested I look at this as 5 separate markets, not 1 market with 5 expiries. December Corn and June Corn are actually separate products with different characteristics - it's not the same corn! Corn gets cropped once a year in the Midwest and July-September sees pretty low participation. It was this July that I found Corn became a tougher trade order flow wise as it had thinned out.
I might return to it @ some point. It's just that what was once a good backup an hour after the ES open, became a dud market for the way I trade. More power to you if you can trade the same way on all contracts.
Although this is not corn futures, it does explain most of my trading system. I hope this answers any questions you may have had and good trading. Whatever futures' contract you trade, this system will work, although you may need to use a different tick or range chart.
WK
Hope you traders are successful in whatever you are doing. My setups have not changed for some time and still work very well. Here is a 6 tick (m) momentum candlestick chart on ZC or corn with the trades marked clearly.
Hope this helps. Good trading.
WK
My journal will mostly consist of charts marked as to how I read price action by showing setups and explanation to many if not most of the potential trades. Early on I will show several more charts with trades than at some point in the future. For now, …
You ask for it. So here it is. Simplified to the utmost. I will describe the trades on ES for 4/23 and 4/24 using no indicators below. Using only a 30 minute chart to keep it simple.
Go to the above entry and see just how simple my system truly is and how you can use it on any time frame and contract.
It can't get any easier than this. I hope everyone can now see just how good this is. You can't beat it.
Use a chart on which you prefer to trade and prove it will work for you. Let me know how well it works.
Good Trading.
WK
Interesting posts guys the volume is exactly my problem with corn too, when it gets thin it's not something I enjoy trading, personally I prefer medium to thick markets and just find it less probabilistic or more a gamble if it's a thinner season. But I guess that's seasonal commodities for you.
I have been following your post and you seem to have an excellent system for the grain markets. If you don't mind can you please share the details, I mostly trade the grain markets only and would appreciate if you help me out.
