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The Really Useful Grains/Soft Thread

  • #21
  • Jul 13, 2021 7:25pm Jul 13, 2021 7:25pm
Quoting Mcbeaners
{quote} I know I'm talking to myself (in the main) but profits from trading softs are exponential, ok losses can also be the same, but its a massive bull market and therefore risk is seriously reduced. so far my soya trade is bringing home the bucks. {image}
I'm listening , unfortunately my broker doesn't offer softs, any suggestion's, would like to try demo for a bit.
From tiny pips mighty oaks grow
  • #22
  • Jul 13, 2021 7:32pm Jul 13, 2021 7:32pm
Quoting Boo15
{quote} I'm listening , unfortunately my broker doesn't offer softs, any suggestion's, would like to try demo for a bit.
try activetrades demo - they have cfd's or maybe your broker has cfd's .
In tea leaves we trust!
  • #23
  • Jul 13, 2021 7:36pm Jul 13, 2021 7:36pm
i'm still long soya. looking to add on this retrace in the 1339-1341 range.

edit - btw corn and wheat not as strong bias as soya.
In tea leaves we trust!
  • #24
  • Jul 13, 2021 8:08pm Jul 13, 2021 8:08pm
May I ask where you take the trades?

Is it CFD's or other?

What sort of position size usually?

I see some huge gaps there; wouldn't want to be caught by those!

I have these on Tradingview via Global Prime broker as CFD's, not sure what size I need to trade.

What was your signal to go long Soybean? I note you posted on the 8th, but my price was there 2 days before.

Best of luck

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  • #25
  • Jul 13, 2021 8:14pm Jul 13, 2021 8:14pm
Quoting Mcbeaners
i'm still long soya. looking to add on this retrace in the 1339-1341 range. edit - btw corn and wheat not as strong bias as soya.
That's a $90 drop, any technical or fundamental reason you would expect such a large retracement?

To me, that would virtually be a trend change

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  • #26
  • Jul 13, 2021 8:17pm Jul 13, 2021 8:17pm
Quoting Boo15
{quote} I'm listening , unfortunately my broker doesn't offer softs, any suggestion's, would like to try demo for a bit.
What's the name of that broker? Let me check it out

It takes a lot for me to IGNORE you, but you can try.
  • #27
  • Jul 13, 2021 8:33pm Jul 13, 2021 8:33pm
Quoting Erebus
May I ask where you take the trades? Is it CFD's or other? What sort of position size usually? I see some huge gaps there; wouldn't want to be caught by those! I have these on Tradingview via Global Prime broker as CFD's, not sure what size I need to trade. What was your signal to go long Soybean? I note you posted on the 8th, but my price was there 2 days before. Best of luck {image}
broker - interactive
cfd or other - zw, zc, zs contracts. entry req is quite low.
order size - no real experience on cfds - but assume they match the contracts... maybe?
signal - i use orderflow/cummulative delta, volume profile and my ma's setup and then a mix of other lagging signals williams% & on blance vol (vol based)
price - sorry put my entry on the wrong day. 1364 was on friday!

updated my chart... blush!
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In tea leaves we trust!
  • #28
  • Jul 13, 2021 8:33pm Jul 13, 2021 8:33pm
Quoting Erebus
{quote} What's the name of that broker? Let me check it out
Tickmill
From tiny pips mighty oaks grow
  • #29
  • Jul 13, 2021 8:38pm Jul 13, 2021 8:38pm
Quoting Erebus
{quote} That's a $90 drop, any technical or fundamental reason you would expect such a large retracement? To me, that would virtually be a trend change {image}
contract roll-over. if you trade cfd's you'll have know what contract it is aligned to and when it ends. i believe that was first notice.

have to know the seasons with softs as the summer is when most years this would cement the 2021 crop size. so that drop could be expected and I was watching the next contract well before the prev was ending and saw it coming.

the news flow i am seeing remains bullish. given the drought in the US there is more upside left.
In tea leaves we trust!
  • #30
  • Jul 13, 2021 8:43pm Jul 13, 2021 8:43pm
Quoting Boo15
{quote} Tickmill
Hey All,

No USA clients unfortunately. Best bet in the States is Interactive Brokers. They have dropped account size and inactivity fees. See pic. This is from my e-mail. Trade anything you want from same account including FX futures, metals, grains, stocks, ETFs or whatever your little heart desires.

- Ric
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Be humble or get humbled
  • #31
  • Jul 14, 2021 1:50am Jul 14, 2021 1:50am
Quoting Mcbeaners
{quote} contract roll-over. if you trade cfd's you'll have know what contract it is aligned to and when it ends. i believe that was first notice. have to know the seasons with softs as the summer is when most years this would cement the 2021 crop size. so that drop could be expected and I was watching the next contract well before the prev was ending and saw it coming. the news flow i am seeing remains bullish. given the drought in the US there is more upside left.
I understand about contract roll-over but I believe that CFD is continuous, there is only 1 listing with Global Prime, data only starts in March 2020

I understand about buying any dips, but as I said $90 is a lot, plus you keep saying it's bullish without addressing this matter, moving on.

How are your spreads, I have 1.14 which doesn't seem to change, I buy 1 CFD to check it out.

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  • #32
  • Jul 14, 2021 1:52am Jul 14, 2021 1:52am
Quoting Boo15
{quote} Tickmill
You're right, I guess the English haven't forgotten about the tea party yet

It takes a lot for me to IGNORE you, but you can try.
  • #33
  • Jul 14, 2021 1:59am Jul 14, 2021 1:59am
This is all the data that I have to work with, a nice move that doubled in just over a year!

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  • #34
  • Jul 14, 2021 4:57am Jul 14, 2021 4:57am
Quoting Erebus
{quote} I understand about contract roll-over but I believe that CFD is continuous, there is only 1 listing with Global Prime, data only starts in March 2020 I understand about buying any dips, but as I said $90 is a lot, plus you keep saying it's bullish without addressing this matter, moving on. How are your spreads, I have 1.14 which doesn't seem to change, I buy 1 CFD to check it out. {image}
cfd - i note on activetrades it is linked directly to the contract (mt4).
bullish - i did address the matter. it has come a long way as your chart suggests.
spread - i trade futures so spread can be nothing or .50 cents or whatever.
In tea leaves we trust!
  • #35
  • Jul 14, 2021 4:59am Jul 14, 2021 4:59am
Quoting Mcbeaners
i'm still long soya. looking to add on this retrace in the 1339-1341 range. edit - btw corn and wheat not as strong bias as soya.
hasn't come down into my range. there's still the open so lets see.
In tea leaves we trust!
  • #36
  • Jul 14, 2021 7:40am Jul 14, 2021 7:40am
Quoting Mcbeaners
{quote} hasn't come down into my range. there's still the open so lets see.
i'm becoming a nervous long. which probably means its going higher.
In tea leaves we trust!
  • #37
  • Jul 14, 2021 8:59am Jul 14, 2021 8:59am
Quoting Mcbeaners
{quote} i'm becoming a nervous long. which probably means its going higher.
closed @ 1441
In tea leaves we trust!
  • #38
  • Jul 14, 2021 10:34am Jul 14, 2021 10:34am
bull flag forming. i'll look to re-enter during the asian session.
In tea leaves we trust!
  • #39
  • Jul 14, 2021 12:21pm Jul 14, 2021 12:21pm
Quoting Mcbeaners
bull flag forming. i'll look to re-enter during the asian session.

ok left without me.

will post again if i see another setup.
In tea leaves we trust!
  • #40
  • Jul 14, 2021 2:13pm Jul 14, 2021 2:13pm
Quoting Erebus
{quote} I understand about contract roll-over but I believe that CFD is continuous, there is only 1 listing with Global Prime, data only starts in March 2020 I understand about buying any dips, but as I said $90 is a lot, plus you keep saying it's bullish without addressing this matter, moving on. How are your spreads, I have 1.14 which doesn't seem to change, I buy 1 CFD to check it out. {image}
Hit my Take Profit at 1470

It takes a lot for me to IGNORE you, but you can try.
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