NexusFi: Find Your Edge


Home Menu

 





Softs (Fundamentals)


Discussion in Commodities

Updated
      Top Posters
    1. looks_one myrrdin with 46 posts (57 thanks)
    2. looks_two Sagal with 24 posts (16 thanks)
    3. looks_3 zxcv64 with 5 posts (4 thanks)
    4. looks_4 ElChacal with 3 posts (3 thanks)
      Best Posters
    1. looks_one Schnook with 6 thanks per post
    2. looks_two SMCJB with 2.5 thanks per post
    3. looks_3 myrrdin with 1.2 thanks per post
    4. looks_4 Sagal with 0.7 thanks per post
    1. trending_up 20,933 views
    2. thumb_up 95 thanks given
    3. group 17 followers
    1. forum 87 posts
    2. attach_file 10 attachments




 
Search this Thread

Softs (Fundamentals)

  #1 (permalink)
 myrrdin 
Linz Austria
 
Experience: Advanced
Platform: TWS
Broker: Interactive Brokers
Trading: Commodities
Posts: 1,938 since Nov 2014
Thanks Given: 3,686
Thanks Received: 2,651

Monthly report on fundamentals of softs:

https://www.ice.com/publicdocs/futures_us/ICE_Monthly_Softs_Fast_Facts.pdf?spMailingID=15380357&spUserID=Mjc3Mjc1OTYwMDY1S0&spJobID=860673786&spReportId=ODYwNjczNzg2S0

Best regards, Myrrdin

Started this thread Reply With Quote
Thanked by:

Can you help answer these questions
from other members on NexusFi?
Better Renko Gaps
The Elite Circle
Deepmoney LLM
Elite Quantitative GenAI/LLM
Build trailing stop for micro index(s)
Psychology and Money Management
The space time continuum and the dynamics of a financial …
Emini and Emicro Index
NexusFi Journal Challenge - April 2024
Feedback and Announcements
 
  #3 (permalink)
wintergasp
London, UK
 
Posts: 29 since Sep 2016
Thanks Given: 1
Thanks Received: 31


Fundamentals will not help you make money in the markets, because you always know about them too late in the decision making process and you'll always have a hedge fund trader who has the numbers before you.

Macro data is already priced in the market at virtually any time...

Reply With Quote
Thanked by:
  #4 (permalink)
 myrrdin 
Linz Austria
 
Experience: Advanced
Platform: TWS
Broker: Interactive Brokers
Trading: Commodities
Posts: 1,938 since Nov 2014
Thanks Given: 3,686
Thanks Received: 2,651


wintergasp View Post
Fundamentals will not help you make money in the markets, because you always know about them too late in the decision making process and you'll always have a hedge fund trader who has the numbers before you.

Macro data is already priced in the market at virtually any time...

There are many different ways to trade successfully ...

Best regards, Myrrdin

Started this thread Reply With Quote
  #5 (permalink)
IFO Joe
Chicago IL USA
 
Posts: 8 since Sep 2016
Thanks Given: 3
Thanks Received: 10


wintergasp View Post
Fundamentals will not help you make money in the markets, because you always know about them too late in the decision making process and you'll always have a hedge fund trader who has the numbers before you.

Macro data is already priced in the market at virtually any time...


Buy the Rumor - Sell the News

Reply With Quote
  #6 (permalink)
wintergasp
London, UK
 
Posts: 29 since Sep 2016
Thanks Given: 1
Thanks Received: 31


IFO Joe View Post
Buy the Rumor - Sell the News

Yep

Reply With Quote
  #7 (permalink)
 
SMCJB's Avatar
 SMCJB 
Houston TX
Legendary Market Wizard
 
Experience: Advanced
Platform: TT and Stellar
Broker: Advantage Futures
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,041 since Dec 2013
Thanks Given: 4,375
Thanks Received: 10,192


wintergasp View Post
Fundamentals will not help you make money in the markets, because you always know about them too late in the decision making process and you'll always have a hedge fund trader who has the numbers before you.

Macro data is already priced in the market at virtually any time...

While I agree that sophisticated traders have better access to fundamental data and analytics, which obviously gives them and advantage, I wouldn't agree that means you can't make money having a fundamental bias and that you should ignore fundamentals.

Reply With Quote
  #8 (permalink)
 
Schnook's Avatar
 Schnook 
Munich, Germany
 
Experience: Advanced
Platform: Sierra Chart
Broker: Interactive Brokers
Trading: liquid products
Posts: 570 since Jul 2016
Thanks Given: 1,166
Thanks Received: 1,917

Studying fundamentals and especially news flow can be extremely helpful in identifying sentiment bias, which, to a swing trader is invaluable information. When the news stories and embedded quotes from market professionals all skew bullish, you can assume that most positions probably also lean bullish and are therefore looking for an exit. This is fodder to a contrarian swing trader. Good news sources also help identify what a lot of major market participants will be paying attention to, or anticipating, in coming trading sessions, which may also help the astute observer uncover exploitable vulnerabilities in the "herd's" group-think behavior. Again, invaluable information to the longer time-frame trader.

Those who ignore fundamentals because they believe it's already priced in do so at their own peril. Willful ignorance is generally not something I would recommend.

Thanks for the link, @myrrdin. Allow me to reciprocate. Another excellent fundamental news source for the trading of soft commodities is the website: agrimoney.com, which is continually updated with timely and relevant articles. I highly recommend it for anyone who trades the softs - even those who feel everything is already priced in.

Reply With Quote
  #9 (permalink)
 MacroNinja 
Buenos Aires Argentina
 
Experience: Advanced
Platform: NT, MT4, Sierra
Trading: S&P, Bonds, Crude, FX
Posts: 250 since Sep 2014
Thanks Given: 37
Thanks Received: 256

I think saying macro data is already priced in ignores the simple fact that a producer or speculator still has to make that macro decision before it's actually priced in. The democratization of data is allowing 'cheaper' analysis for those that want it from weather satellite data to shipping volume data.

Can you get to your final location without a GPS? Sure. You can read the signs right in front of you. But it sure helps to know what the road map is going to be (shifts in fundamentals) before it happens in price.

Reply With Quote
  #10 (permalink)
 myrrdin 
Linz Austria
 
Experience: Advanced
Platform: TWS
Broker: Interactive Brokers
Trading: Commodities
Posts: 1,938 since Nov 2014
Thanks Given: 3,686
Thanks Received: 2,651


Monthly report on fundamentals of softs:

https://www.ice.com/publicdocs/futures_us/ICE_Monthly_Softs_Fast_Facts.pdf?spMailingID=15623766&spUserID=Mjc3Mjc1OTYwMDY1S0&spJobID=880850239&spReportId=ODgwODUwMjM5S0

Best regards, Myrrdin

Started this thread Reply With Quote
Thanked by:




Last Updated on July 24, 2021


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts