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Day trading corn ??
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Day trading corn ??

  #1 (permalink)
Elite Member
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Day trading corn ??

Been day trading last couple of hours of ZC if nothing else is moving. Closes at 1:15 pm. Keeping enough in margins in case get stuck and can get out, $2,362/contract. Position traded for 10 years, couldn't help myself.....

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dbarno View Post
Been day trading last couple of hours of ZC if nothing else is moving. Closes at 1:15 pm. Keeping enough in margins in case get stuck and can get out, $2,362/contract. Position traded for 10 years, couldn't help myself.....

Yes, nothing else was moving....

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  #4 (permalink)
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i should point out that all CBOT ags close at 2 CST now, although word is that locals are unhappy with this and may force a change sometime soon....

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  #5 (permalink)
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Day trading corn ??

ZC or Corn certainly qualifies for Day Trading. I like to watch for opportunities, as seen above, when other mkts aren't moving. Here are 2 charts to show some potential winners on corn. The first is multiple charts.
As seen on the 6 tick (r) chart, second, the time frames of 1832 on Oct 1 and 1104 on Oct 2, normally quiet times to trade other futures' contracts, were both nice winners.

ZC-corn_on_multiple_charts2012-10-02_1313.png

ZC-Corn_on_6tick_(r)_chart_&_trades2012-10-02_1322.png

WK

Attached Thumbnails
Day trading corn ??-zc-corn_on_multiple_charts2012-10-02_1313.png   Day trading corn ??-zc-corn_on_6tick_-r-_chart_-_trades2012-10-02_1322.png  
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  #6 (permalink)
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Day trading corn ??

Eat more Vegetables!
Remember when jer mudder told jew 2 eat da bean and corn.
She was right, jew know.
So, don't for get da beans and corn.
And everything else is made from wheat.
So, we can't leave it laying in the field.
You've heard, eat more possum. I say eat more grains. Play the field. Then, even the farmers' wives won't go to bed hungry.

Me U enjoy some hot soup filled with your favorites.
I'm just warming up.

ZW; ZS; ZC on 377 tick charts......gotta love em
WK

Attached Thumbnails
Day trading corn ??-zw-zs-zc_on_377_tick_charts2012-10-02_1608.png  

Last edited by ESFXtrader; October 3rd, 2012 at 01:35 AM.
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  #7 (permalink)
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Day trading corn ??

Don't forget the Corn--ZC
Check out these charts and see just how powerful this is.
WK

Attached Thumbnails
Day trading corn ??-zc-corntradeson_6tick-r-chart2012-10-10-11.png   Day trading corn ??-zc-corntradeson_6tick-r-chart2012-10-11_2245.png  
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  #8 (permalink)
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Day trading corn ??

The trades marked show continuous trading from 10/10 at 1035 till 10/11 at 1400 on a fast moving 6 tick (r) chart without a loss. The smallest winner was 5 ticks by moving the stop up to protect the gain. The price pulled back to take you out of the trade by hitting the stop. I have traded with only a few traders who trade continuously for that long, but it shows just how powerful this system continues to be. If this is to fast for your trading, slow it down some by either using 8 tick (r) or 10 tick (r) or another chart of your preference. With these, sometimes the entry is to late to take because the price has already moved to much to offer a good entry. But it will keep you out of some of the small moves and allow you to focus on the bigger moves.
Trades marked on First chart: Short at BB, Long at close over 2 MAs, Short at BB, Long at BB, Long at close over 2 MAs, Short at close under 2 MAs, Long at BB, Short at close under 2 MAs, Long at Green MA, Short at BB.
Trades marked on Second chart: First three trades of 2nd chart are duplicate of last 3 of 1st chart. Next is Long at Green MA which is smallest gain of 5 ticks, Long at BB, there could have been another long trade after this because of the pullback to the BB after the move up, Next-Long at pull back to Green MA, Short on close below 2 MAs, Long on close above 2 MAs, Short on pullback to Green MA.
Remember that every trader must take ownership of their trades. You can find which trade setups you like best and only trade those, perfecting them to become a very profitable trader. Every trader has his or her on style and ideal hold time for a trade, some of whom prefer minute charts such as 5 or 6 minutes or much longer. You can make this system work with whatever works for you. Few traders trade several times within a few minutes, let along enjoy it. It is something I have learned to enjoy. The joy of protecting gains and frequent opportunities keep you on the edge of your seat. Most traders prefer a slower action style trading, which has less tension but usually requires a larger stop with more risk. They may only trade 1 or 2 to a few trades a day.
Good Trading all.
WK
PS I am adding 2 charts: continuation of 6 tick (r) and the 5 min charts so you can compare and see how each chart would have worked during the same time frame.
First chart is the 6 tick (r) chart: Trades: L-Green MA, S-BB, L Green MA, L-Green MA, S-BB, L- Green MA, S-BB, S-higher MA of the 2, S-Green MA, L-Close over 2 MAs, L-pullback to lower MA of the 2, S-pullback to higher MA of the 2, L-BB, S-Green MA, S-close of 2nd red candlestick w/confirmations: CCI >-45 & RSI <50, L-Close of 2nd green candlestick w/confirmation: MACD histogram >0, S-Green MA, S-Green MA.

Attached Thumbnails
Day trading corn ??-zc-corn_trades_on_6tick_-r-_chart-2012-10-11-12.png   Day trading corn ??-zc_5_min_chart2012-10-10.png   Day trading corn ??-zc_on_5_min_chart_2012-10-11.png   Day trading corn ??-zc_5min_chart2012-10-11_conti.png   Day trading corn ??-zc_on_5_min_chart_2012-10-11-12.png   Day trading corn ??-zc_on_5_min_chart_2012-10-12conti.png  
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  #9 (permalink)
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Corn is an interesting market.

One if the benefits is that it opens an hour after the ES. If the ES puts in a dismal first hour, you can switch to corn and catch the open there.

One of the downsides is that this is a market where there is a real product beneath it unlike the ES - which is 99% pure speculation. I say this is a downside because the product itself is not the same each contract. When you move from one contract to another, the end-product itself is actually different. This is why continuous contracts actually make sense in Corn. It's a bit like having a continuous contract in BMW 5 series and rolling into the next contract in the Ford Fiesta.

Anyway - the point is that you could trade one contract really well and then when it's time to switch to the new one, the thing acts very differently indeed. Maybe no problem for some but was a real PIA for me at one point as my backup for when the ES is sluggish turned into the instrument from hell for a while!

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  #10 (permalink)
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Day trading corn ??



DionysusToast View Post
Corn is an interesting market.

One if the benefits is that it opens an hour after the ES. If the ES puts in a dismal first hour, you can switch to corn and catch the open there.

One of the downsides is that this is a market where there is a real product beneath it unlike the ES - which is 99% pure speculation. I say this is a downside because the product itself is not the same each contract. When you move from one contract to another, the end-product itself is actually different. This is why continuous contracts actually make sense in Corn. It's a bit like having a continuous contract in BMW 5 series and rolling into the next contract in the Ford Fiesta.

Anyway - the point is that you could trade one contract really well and then when it's time to switch to the new one, the thing acts very differently indeed. Maybe no problem for some but was a real PIA for me at one point as my backup for when the ES is sluggish turned into the instrument from hell for a while!

Corn is actually one of the three very good grain markets to trade and each work so well on my system. As with any market like corn, the volume is the key and one must see a sizable increase in the next month contact before moving to it. I have not had such a difficulty in my trading as you have mentioned, so maybe it is the possibility that you were taught to roll to early to the next contract. For example, I have seen a pro with a substantial following that moves to the next month far earlier than I because of a set day of the week and not when the volume moves. The main thing is that you learned from your experience and probably won't fail in that way again. Maybe your post and my followup will help someone avoid trading the wrong contract.
Thanks for your input.
Good trading.
WK

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