NexusFi: Find Your Edge


Home Menu

 





Grains Trading


Discussion in Commodities

Updated
      Top Posters
    1. looks_one sysot1t with 7 posts (3 thanks)
    2. looks_two tigertrader with 5 posts (16 thanks)
    3. looks_3 Tundi with 5 posts (7 thanks)
    4. looks_4 itrademrkts with 3 posts (4 thanks)
      Best Posters
    1. looks_one mattz with 3.7 thanks per post
    2. looks_two tigertrader with 3.2 thanks per post
    3. looks_3 Tundi with 1.4 thanks per post
    4. looks_4 itrademrkts with 1.3 thanks per post
    1. trending_up 23,347 views
    2. thumb_up 54 thanks given
    3. group 27 followers
    1. forum 53 posts
    2. attach_file 9 attachments




 
Search this Thread

Grains Trading

  #41 (permalink)
 sims 
houston
 
Experience: Intermediate
Platform: xtrader
Trading: bean oil
Posts: 5 since Aug 2011
Thanks Given: 0
Thanks Received: 2

i would agree with the above poster that ags have strong trending properties but would assert that these are ephemeral. ags are characteristically one of the more cyclical asset classes available (this stands to reason due to the harvest cycle and unique properties of each). from an options perspective - if that's the nature of this discussion - i would note that certain major professional funds run passive strategies to essentially buy "teenies", ie. if ZC is $6, they'll buy the $2 puts and $10 calls. If it rallies to $10 they'll buy the $6 puts and $14 calls and so on and so forth. This actually makes a tremendous amount of sense given how susceptible these markets are to endogenous shocks - view the last 3 weeks or so in ags as a perfect example. i don't mean to contradict what was written above, just offer another perspective. this approach may not be right for small time traders as it requires a lot of capital with the expectation being for multiple small losses and infrequent massive wins.

Reply With Quote

Can you help answer these questions
from other members on NexusFi?
Are there any eval firms that allow you to sink to your …
Traders Hideout
New Micros: Ultra 10-Year & Ultra T-Bond -- Live Now
Treasury Notes and Bonds
Exit Strategy
NinjaTrader
Deepmoney LLM
Elite Quantitative GenAI/LLM
The space time continuum and the dynamics of a financial …
Emini and Emicro Index
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Get funded firms 2023/2024 - Any recommendations or word …
59 thanks
Funded Trader platforms
37 thanks
NexusFi site changelog and issues/problem reporting
24 thanks
GFIs1 1 DAX trade per day journal
22 thanks
The Program
19 thanks
  #42 (permalink)
 Koepisch 
@ Germany
 
Experience: Beginner
Platform: NinjaTrader
Broker: Mirus Futures/Zen-Fire
Trading: FDAX
Posts: 569 since Nov 2011
Thanks Given: 440
Thanks Received: 518

Hi Traders,

can anybody say some introducing words about that issue. I am not familiar with commodities trading and i'm a little afraid that i can pass the contract ending date without closing a open trade. For instance when using automated trading and i have a car accident and lapse into a coma. What happens if the trader can't deliver?

The same question belongs to metals (GC + HG).

Thanks in advance!

Koepisch

Reply With Quote
  #43 (permalink)
 
Nicolas11's Avatar
 Nicolas11 
near Paris, France
 
Experience: Beginner
Platform: -
Trading: -
Posts: 1,071 since Aug 2011
Thanks Given: 2,232
Thanks Received: 1,769


You might also want to check with your broker.
For instance, Interactive Brokers seems to exclude any physical delivery:

I guess that they would close your position.
But I am not sure. I have never traded grains.

Nicolas

Visit my NexusFi Trade Journal Reply With Quote
  #44 (permalink)
 jokertrader 
NYC, NY
 
Experience: Intermediate
Platform: Sierra, TT
Broker: N/A
Trading: Spread Researcher and crypto degen
Posts: 654 since May 2013
Thanks Given: 545
Thanks Received: 360

been trading with TTM squeeze on 400 tick chart and with 377/987 for CL

anyone else doing the same?

Visit my NexusFi Trade Journal Reply With Quote
  #45 (permalink)
 
mattz's Avatar
 mattz   is a Vendor
 
Posts: 2,493 since Sep 2010
Thanks Given: 2,440
Thanks Received: 3,789


Koepisch View Post
Hi Traders,

can anybody say some introducing words about that issue. I am not familiar with commodities trading and i'm a little afraid that i can pass the contract ending date without closing a open trade. For instance when using automated trading and i have a car accident and lapse into a coma. What happens if the trader can't deliver?

The same question belongs to metals (GC + HG).

Thanks in advance!

Koepisch

Typically, we send out notices of such deliveries. We contact customers directly in case the delivery date approaches to make them aware of this. A Broker may close a position in order to avoid delivery, especially if the customer never indicated such intention.

In the event of a delivery notice, there is a procedure called retendering, where the broker can still you out of a physical of actual delivery. But, that is expansive and can associate a high fee from the FCM.

You should get out way before a delivery date because the liquidity dries up anyway and moves to the next month.

When you drive please-drive carefully, use a seatbelt and have your broker on autodial.

Matt

Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email [email protected]
Reply With Quote
Thanked by:
  #46 (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


Nicolas11 View Post
You might also want to check with your broker.
For instance, Interactive Brokers seems to exclude any physical delivery:

I guess that they would close your position.
But I am not sure. I have never traded grains.

Nicolas

I trade a lot of grain futures via IB.

It is correct that IB closes all positions before delivery without asking you. For each commodity there is a date and time (if I remember correctly approx. one day before FND) when this procedure starts. The same is true for other commodities where delivery is possible.

You have to be careful when trading spreads with legs in different months. They only close the future close to FND, and leave you with an outright position.

Best regards, Myrrdin

Reply With Quote
  #47 (permalink)
 
mattz's Avatar
 mattz   is a Vendor
 
Posts: 2,493 since Sep 2010
Thanks Given: 2,440
Thanks Received: 3,789


myrrdin View Post
I trade a lot of grain futures via IB.

It is correct that IB closes all positions before delivery without asking you. For each commodity there is a date and time (if I remember correctly approx. one day before FND) when this procedure starts. The same is true for other commodities where delivery is possible.

You have to be careful when trading spreads with legs in different months. They only close the future close to FND, and leave you with an outright position.

Best regards, Myrrdin

Your platform (TradeNavigator) also specify rollover as well on end of day updates, if you run then.

Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email [email protected]
Reply With Quote
  #48 (permalink)
inverter633
canada
 
Posts: 39 since Jan 2016
Thanks Given: 5
Thanks Received: 15

the theme is darkened, it seems that a few people are trading grains. do you have some good trading ideas for mart contracts? it seems that wheat is at the bottom of the area. write ideas and whatever you come up with

Reply With Quote
  #49 (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


inverter633 View Post
the theme is darkened, it seems that a few people are trading grains. do you have some good trading ideas for mart contracts? it seems that wheat is at the bottom of the area. write ideas and whatever you come up with

Have a look at the thread "Grains & Beans". Here you find some recent trading ideas.

Best regards, Myrrdin

Reply With Quote
  #50 (permalink)
nb10071981
Daytona beach Florida
 
Posts: 84 since Jun 2017
Thanks Given: 35
Thanks Received: 32


Breakouts from balance(value area) after an inside day works well on soybeans.


Sent using the NexusFi mobile app

Reply With Quote




Last Updated on January 8, 2018


© 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