CME Trading Challenge - Micro Crude & Treasury Yield Futures | Forex Factory

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Attachments: CME Trading Challenge - Micro Crude & Treasury Yield Futures
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CME Trading Challenge - Micro Crude & Treasury Yield Futures

  • #1
  • First Post: Aug 31, 2021 9:05am Aug 31, 2021 9:05am
Anyone ever do one of these CME trading challenges? Came across this one starting 9/12 for Micro WTI Crude & Micro 10-Year Yield. All trades done in a virtual account and $2,500 prize for first place.
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Looks like they do these a few times a year. We'll see how this one goes but I'm not one to pass up a free competition with paid prizes.
  • #2
  • Aug 31, 2021 10:18am Aug 31, 2021 10:18am
Have to watch some videos and answer some quiz questions as part of the challenge in order to be eligible for the prize money. Some of it is pretty basic but some of it is actually interesting and helpful.
  • #3
  • Aug 31, 2021 3:14pm Aug 31, 2021 3:14pm
Pretty interesting. Wound up on the crude futures quotes page and there's some serious backwardation going on. The further out you go the lower the price. I would say just enter, short it, and win but the winner will likely be playing the EIA inventory reports. That's where this game will be won or lost.
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #4
  • Aug 31, 2021 4:17pm Aug 31, 2021 4:17pm
Quoting EventsTrader
Pretty interesting. Wound up on the crude futures quotes page and there's some serious backwardation going on. The further out you go the lower the price. I would say just enter, short it, and win but the winner will likely be playing the EIA inventory reports. That's where this game will be won or lost.

Yeah it's only a week long competition so I'm not sure how much of an impact backwardation would have. There is a max position size of 10 contracts on the Micro Crude but I don't see anything about the Micro Treasury Yield futures... Maybe that's where the opportunity lies.

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  • #5
  • Sep 1, 2021 8:37am Sep 1, 2021 8:37am
Quoting BTCmailman
{quote} Yeah it's only a week long competition so I'm not sure how much of an impact backwardation would have. There is a max position size of 10 contracts on the Micro Crude but I don't see anything about the Micro Treasury Yield futures... Maybe that's where the opportunity lies. {image}
So let's make a deal. Let's each play the EIA data. One of us goes short, the other long. Bank profits. Split winnings.
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #6
  • Sep 1, 2021 9:26am Sep 1, 2021 9:26am
Quoting EventsTrader
{quote} So let's make a deal. Let's each play the EIA data. One of us goes short, the other long. Bank profits. Split winnings.
I imagine you're not the only one to think of this so the strategy won't outperform enough to win. But maybe I'm giving the competitors too much credit.

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  • #7
  • Sep 2, 2021 8:27am Sep 2, 2021 8:27am
Quoting BTCmailman
{quote} I imagine you're not the only one to think of this so the strategy won't outperform enough to win. But maybe I'm giving the competitors too much credit. {image}
It'll depend on the move and if there's follow through. Yesterday, despite the big draw in crude, there wasn't much of a reaction because the OPEC meeting was overshadowing.

Unless there's somebody out there scalping like crazy, then the best chance you have with minimal effort is to straddle the EIA inventory report with two different users. The offer still stands!
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #8
  • Sep 12, 2021 5:34pm Sep 12, 2021 5:34pm
Good start!
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  • #9
  • Sep 13, 2021 2:54pm Sep 13, 2021 2:54pm
Not sure what is going on here... The current leader is only trading EUR & Nikkei futures. Can't find anything in the rules besides "Participants can only hold a maximum of 10 Micro WTI Crude Oil futures and 10 Micro 10yr Yield contracts at any one time." I assume they won't let this guy win but I'm going to shoot them an email to confirm. If we can trade other products this is a whole different ballgame.

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  • #10
  • Sep 30, 2021 2:03am Sep 30, 2021 2:03am
Quoting BTCmailman
Not sure what is going on here... The current leader is only trading EUR & Nikkei futures. Can't find anything in the rules besides "Participants can only hold a maximum of 10 Micro WTI Crude Oil futures and 10 Micro 10yr Yield contracts at any one time." I assume they won't let this guy win but I'm going to shoot them an email to confirm. If we can trade other products this is a whole different ballgame. {image}
What was the result here mailman? Did you win?
  • #11
  • Sep 30, 2021 9:58am Sep 30, 2021 9:58am
Quoting swagtrading
{quote} What was the result here mailman? Did you win?
If I won I would have updated this sooner to brag!

49th place... I was in 1st place for a decent amount of time but I only placed 2 trades right at the beginning. Unfortunately didn't have enough time to monitor and actively trade during that week. It was fun though and I'm definitely going to join all the future challenges.

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  • #12
  • Last Post: Jan 25, 2022 1:36pm Jan 25, 2022 1:36pm
New challenge (and thread) here for anyone interested: https://www.forexfactory.com/thread/...-energy-crypto
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