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  • #410,201
  • Mar 19, 2011 6:40pm Mar 19, 2011 6:40pm
Quoting OldQuant
.... that can come into currencies from the global physical market flows...
And vice versa.
  • #410,202
  • Mar 19, 2011 6:46pm Mar 19, 2011 6:46pm
Quoting Orbital
Nice one on the corn if you took it though
I have a long-hold position in Dec corn, taken at the beginning of this month, replacing Mar. soybeans, those taken in Sep. It's part of my core US price inflation hedges. Also took a long-W/short C spread that fell to within 30 cents of inverting, and is now moving back again the right (i.e., "my") way.

Pay The Limit is the only other poster who does any commodities, I had thought (after all, his handle is a commod term). I'm happy to see others.
  • #410,203
  • Mar 19, 2011 6:53pm Mar 19, 2011 6:53pm
Quoting OldQuant
Their air force (which was moved south to the Sahara and may still largely exist at this moment) had many French Mirages. In fact, that plane in flames is a Mirage, I believe.
Sorry, i was being facetious.
along with the mig23
  • #410,204
  • Mar 19, 2011 6:56pm Mar 19, 2011 6:56pm
Quoting OldQuant
I have a long-hold position in Dec corn, taken at the beginning of this month, replacing Mar. soybeans, those taken in Sep. It's part of my core US price inflation hedges. Also took a long-W/short C spread that fell to within 30 cents of inverting, and is now moving back again the right (i.e., "my") way.

Pay The Limit is the only other poster who does any commodities, I had thought (after all, his handle is a commod term). I'm happy to see others.
Very nice play on your behalf

I do trade commodities quite a bit but i dont have the patience to trade longterm. I post quite a bit of my commodities trades in reds thread even though only red and me trade them probably, but its a nice guide for people to show them how supply and demand works on any chart, any timeframe.

I prefer scalping oil futures primarly, especially with the increased volatility going on right now its just a breeze but red brought the wheat demand zone to my attention and that one could not be ignored.

Unfortunately the Commodities forum is pretty dead in regards to this and im not quite sure if were allowed to open a thread into interactive trading regarding commodities or if that has to go into the commodities forum.

Either way, the technicals are always easy but the fundamentals are very annoying to keep track off

Did you take a chance on the Nikkei Futures btw? Because almost every single trader i know avoided trading them like the pest.
  • #410,205
  • Mar 19, 2011 7:05pm Mar 19, 2011 7:05pm
Quoting Orbital
Did you take a chance on the Nikkei Futures btw?
I did not.

The Commod/Stock thread is very dead. It's a shame, I think, because of the correlations with currencies, to say nothing of the COT numbers, volume, and open interest quantities being meaningful to such things as VSA, and the price action less noisy than currencies making it meaningful to such things as Red's view of things.

An interesting corn fact, FWIW. Remember, one bushel of corn is about 56 lbs. And: Four hundred and fifty pounds of corn supplies enough calories to feed a person for one year. Corn is around $7 as bushel. That amount also makes enough ethanol to fill a 25 gal gas tank. Ethanol is, in many ways, a sin. And I'm not even particularly religious.
  • #410,206
  • Mar 19, 2011 7:18pm Mar 19, 2011 7:18pm
Quoting OldQuant
I did not....
Where did you get that statistic on corn other than caculating the average daily calorie needs of a person and dividing it by the value of calories in corn

The issue with corn is that its more valuable for production of glucose etc, with organic foods beginning to set foot into the markets (gluten, glucose etc free products) the effects on the needs of the corn market are going to be interessting to watch over time for sure, ofcourse you also need to account for rising population , food education etc etc.

Its a fun analysis to do over the weekend, but as long as my bankroll hasnt reached a certain standards ill let other people break their heads over this one

Im off now, time to watch National Treasure

Gn8
  • #410,207
  • Mar 19, 2011 7:48pm Mar 19, 2011 7:48pm
Quoting Orbital
Where did you get that statistic on corn ...

Im off now, time to watch National Treasure
1. I've "always" known that statistic, but I just Googled "how much corn feed a person for one year" and approximately the same number appears on a number of sites.

2. And I'm off to watch March Madness. Go Gonzaga! No money on the game, they're just my favorite perennial underdog: a little college with no multi-million dollar, corrupt recruiting, semi-professional basketball program. They always lose to one of the latter, sooner or later, of course, but that's the way the world works.
  • #410,208
  • Mar 19, 2011 8:59pm Mar 19, 2011 8:59pm
Anyone remember this guy?
Pretty much proves how much cash you can extract with robots

he got 8years!!!! Thats more than if you rob a kiosk

http://www.chicagotribune.com/busine...,5784292.story
  • #410,209
  • Mar 19, 2011 9:24pm Mar 19, 2011 9:24pm
Quoting Larseg
Pretty much proves how much cash you can extract with robots
Yeah, and it isn't all that hard. One way, in currencies, is:

a. Find a strategy (generally a 'reverse', buy support / sell resistance) in 5-sec, a couple ticks inside of those that will break you even;

b. Provide liquidity a pip or two better than those levels;

c. Repeat in continuous roll, 200 to 300 times a day.

Good for maybe 300 pips a day.

Gonzaga lost bad. They outplayed BYU, in passing, field goals, rebounds, all the stats. But BYU got 42 points in 3-pointers. You can't beat a long range gunning team unless you're really tall. And then, the gunners are toast.
  • #410,210
  • Mar 19, 2011 10:23pm Mar 19, 2011 10:23pm
I don't know about that. I think you a had rooting bias. Nothing wrong with that. But they lost by 21 and FG% difference was BYU .525 to Gonzaga .421

BYU was without their no.1 rebounder who was suspended a few weeks back so yes Zaga definitely won the battle of the boards.

But steals, blocks and turnovers all favor BYU. Gonzaga had one more assist overall than BYU which is pretty good considering the final score.

Take Jimmer away and it changes everything. But it wasn't even close really.

Next year he will be elsewhere (NBA?) and BYU will be elsewhere too. Going into the West Coast Conference with Zaga.
  • #410,211
  • Edited 11:58pm Mar 19, 2011 11:31pm | Edited 11:58pm
Quoting SunTrader
I think you a had rooting bias.
Okay, I'll admit to that. And to the fact I don't like run and gun teams like BYU.

In fact, I'm not a fan of the 3-pointer. If all you have to do to win 80+% of your games is recruit a kid from the suburbs or the projects who can hit them consistently whenever he's open, the coaching gets lazy.

The Zags ran hot and cold, and didn't play a great game, true. But 42 from outside, and you only win by 21 doesn't say BYU played a great game, either.

My other teams are Arizona, playing Texas tomorrow before they lose to Duke (again) and, now, at least for one more game, Butler. And for the whole deal, ABD: Anybody But Duke.

EDIT 2: Just took a look at Nate Silver's forecasts at http://ncaabracket.nytimes.com/2011/...eight-forecast and it looks grim for the 'Cats v Texas, for Butler, and he gives Duke 26% chance of winning it all. Bah.
  • #410,212
  • Mar 19, 2011 11:57pm Mar 19, 2011 11:57pm
Quoting OldQuant
Yeah, and it isn't all that hard....
I would pay alot for a day with goldman sachs logarithm team
  • #410,213
  • Mar 20, 2011 12:29am Mar 20, 2011 12:29am
Now i have doubt bout my short position, price seems to enter my level with big confident

It might take out my stop at 4286, man thats a 100 pips stop if my sell limit at 4186 got triggered tomorrow

Plus this floating sell if 4286 got hit, makes up 254 pips of total loss

But it's not a loss yet until its an obvious loss, right?

Any ideas how should i manage this trade? This newbie for 4 years is open for some input from seniors here
  • #410,214
  • Mar 20, 2011 12:40am Mar 20, 2011 12:40am
Quoting alvin2434
Now i have doubt bout my short position, price seems to enter my level with big confident

It might take out my stop at 4286, man thats a 100 pips stop if my sell limit at 4186 got triggered tomorrow

Plus this floating sell if 4286 got hit, makes up 254 pips of total loss

But it's not a loss yet until its an obvious loss, right?

Any ideas how should i manage this trade? This newbie for 4 years is open for some input from seniors here
Your post is not very clear. Do you mean you have a pending sale order at 1.4186 with a sl at 1.4286 and you fear both will get hit and your total loss including this will be 254 pips?

The next question I have is: Will this market be there after tomorrow and will there be many other opportunities in future?
The Thief of Wall Street
  • #410,215
  • Mar 20, 2011 12:42am Mar 20, 2011 12:42am
Quoting Chicky
Your post is not very clear. Do you mean you have a pending sale order at 1.4186 with a sl at 1.4286 and you fear both will get hit and your total loss including this will be 254 pips?

The next question I have is: Will this market be there after tomorrow and will there be many other opportunities in future?

Have you looked at 4H gold Chicky, quite interesting
Still needs some confirmation of a new trend though.
  • #410,216
  • Mar 20, 2011 12:50am Mar 20, 2011 12:50am
Quoting Larseg
Have you looked at 4H gold Chicky, quite interesting
Still needs some confirmation of a new trend though.
Not looking at gold. It gives me frustration. Wanted to heavily invest in Gold when it touched 705 last year. Wife didn't allow me. That would have been m.....

Situation in the middle east indicates something is gonna happen soon.
The Thief of Wall Street
  • #410,217
  • Mar 20, 2011 12:55am Mar 20, 2011 12:55am
Quoting Chicky
Your post is not very clear. Do you mean you have a pending sale order at 1.4186 with a sl at 1.4286 and you fear both will get hit and your total loss including this will be 254 pips?

The next question I have is: Will this market be there after tomorrow and will there be many other opportunities in future?
Yes, it's a pending sell order at 1.4186, and no, i'm not not afraid of losing that much. just a micro account

I mean if this going down where should i close it? should i hold it if it went down? cause i see a lot of demand down there

I'm sorry if my english is bad, kind of hard for me to say it but thanks for the reply
  • #410,218
  • Mar 20, 2011 1:01am Mar 20, 2011 1:01am
Quoting alvin2434
Yes, it's a pending sell order at 1.4186, and no, i'm not not afraid of losing that much. just a micro account
With this attitude, why bother with forex? You are gambling with a micro account, why not try your hand at online poker or video slots?

Having an appreciation of some technical or fundamental aspects of the movement of money will actually give you a fighting chance. Walking in and throwing down an order because it is only a micro account will ensure 1 if not 2 possible and most probable outcomes.

1. You will lose this account.
2. You will never pass a level of micro accounts.

Which leads me back to my first question...why bother?
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #410,219
  • Mar 20, 2011 1:03am Mar 20, 2011 1:03am
Quoting Chicky
Not looking at gold. It gives me frustration. Wanted to heavily invest in Gold when it touched 705 last year. Wife didn't allow me. That would have been m.....

Situation in the middle east indicates something is gonna happen soon.

Thats life mate,

Looks like gold has reached the roof in the "downtrend" and is ready for a pullback and hence stronger USD...

I also think there is a lot of SLs taken out last week which was creating that strong trend together with intervention off course...

However, just playing the confirmed trend next week in a whipsaw traditional style just in case EU is turning flat which I wouldn't be surprised if it did. In other words; confusion is stronger than before...


Lets see how it plays out..

Lars,
  • #410,220
  • Mar 20, 2011 1:16am Mar 20, 2011 1:16am
Quoting Magix
With this attitude, why bother with forex? You are gambling with a micro account, why not try your hand at online poker or video slots?

Having an appreciation of some technical or fundamental aspects of the movement of money will actually give you a fighting chance. Walking in and throwing down an order because it is only a micro account will ensure 1 if not 2 possible and most probable outcomes.

1. You will lose this account.
2. You will never pass a level of micro accounts.

Which leads me back to my first question...why bother?
Cause i like forex and i don't play poker or video slot
Thats why i came to this thread again to learn, could you teach me how and when to enter and exit trades?
I'm not offending you, i'm really here to learn
Thanks
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