There is no better than esignal, but once you go past trading eminis, all the subscriptions will cost you a fortune. A small impost if you are bigtime, but for the average trader it adds up to a lot.
You can feed IB data into amibroker and it's free if you are a client, and most brokers will give you live snapshot charts. I use the IB feed plus an EOD download which works out very economically.
Originally Posted by wayneL
Here's one guys view http://www.moneyweek.com/file/27973/...very-time.html
I would add that I like the non correlated returns. If you are all long in the stock market and Greedscam open his mouth without being asked, your whole portfolio takes a hit. But Corn or Lean Hogs don't give a stuff about Greedscam. You will have longs or shorts in completely uncorrelated markets, and I like that.
I still like stocks though. Stocks you can stick in the bottom drawer. In my view commodities themselves are not "investments". They must be managed unless you're Jim Rogers.
The totally hilarious thing about this move in wheat, is that all the ex-spurts were expecting this sort of thing in corn. LOLAnyone catch that recent move in Wheat?
Cheers,
The totally hilarious thing about this move in wheat, is that all the ex-spurts were expecting this sort of thing in corn. LOL
Instead there is a glut of corn and the whole US wheat crop is dead.
Instead there is a glut of corn and the whole US wheat crop is dead.
By "over here" I take it you mean the US?It's got nothing to do with the US wheat crop. It's all to do with the dry in Australia. Over here we were heading for a big crop 6 weeks ago, however no rain in 2 more weeks and we will have a very small crop. Take another 10 million tonnes from world wheat stocks and things are getting grim.
See ya's.
Sorry.
'over here', I mean in Australia.
Australia is driving wheat prices. A month ago it was looking like a 20 million plus crop. Today it is a lot less. In 2 weeks with no rain, it could be similar to last years pitifull crop.
Wheat futures in Chicago are rising or dropping right now on what happens in Australia. A lot of the buying is Aussie wheat farmers buying back their contracts as they can't deliver, they will produce less than they have hedged.
I'm an Aussie wheat grower.
See ya's.
I’m interested to start trading commodities, so after some opinion and recommendation of contracts to follow, rather than follow all of them im after a mix of around 5 or 6 markets.
Also want a mix that are uncorrelated to each other to get me up and going, have only been following NYBOT Sugar so far, has good volume and contract size is not huge, would want to add one of the grain contracts, maybe Corn?, but with several contracts which would be best, have been also following Lumber but volume is pretty low so maybe i will cross that of the list.
Any suggestions of a portfolio to watch would be appreciated.
Cheers
Pager
A few suggestions to choose from that have reasonable liquidity and not too large.
NYBOT Cocoa CC
NYBOT CT
CBOT mini Gold YG
NYBOT Coffee KC
LIFFE Coffee D
NYMEX Mini Crude QM
NYBOT Sugar SB
LIFFE Sugar W
CBOT Corn ZC
EUREX Bund GBL
Maybe CBOT Wheat ZW
Maybe CBOT Beans ZS
Maybe CBOT T-Notes ZN
Livestock can be OK but illiquid on Globex at this point
A few choices there anyway.
Cheers
Hi Wayne
Probably no right or wrong answer but!
Im interested in how you set-up your charts for these commodity markets, looking at my data I have various options as some of the markets have both Pit and electronic trading, some have after hours trading.
I’m inclined to go for continuous contracts but for the main session (pit session) only, what would you advise in regard to the markets in your suggested list?
Also any other pieces of advice to trading these markets you could offer?
Cheers
Pager
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