Here I lay out my trade idea for Wheat.
Given Global Macro events, technical patterns and indicators, I see a long here.
3:1 RR
1% Risked.
Let's see where this goes!
Wheat has been the most volatile commodity since the war started and we have fallen back to $1000 as peace talks improved.
Similar to Oil though peace will not fix the supply/demand issues with Ukraine and Russia accounting for 30% of wheat exports.
The consolidation period is likely over and if we can get some positive price action more buyers are likely to...
EUR/JPY:
• If price pushes up to and ideally just above our upper rayline, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag.
• If price pushes down, it then pushes back up leaving us with two fairly horizontal...
just a quick update on this and its looking good so need to stay patience and lets wait for the right time with this one, there's a few outcomes along the way and we need to adjust with the markets as well!!
this can always break and still go down if so i will update this idea
Hello
my quick recap so far -8-)
I am out most of the trades for +/- 300$ profit.
I am in a small spread. As i do not see much opportunity my side at the moment.
All in light size.
I will trade more spread in ETF PAIRS.
Employing an ETF pairs strategy may be useful when there is a disconnect between assets that are usually highly correlated.
Sector, country, and index ETFs also provide opportunities for the pairs trader, usually involving going long on a strong ETF and short on a weaker one. It’s important to exit the trades when the assets realign or the trends of strong and...
.LOGspread wheat vs corn 08:09 03-Sep-19
I spread trade WHEAT versus CORN.
I follow more or less -
Keith Schap – The Complete Guide to Spread Trading
The guy who spreads and makes a little every day is the one who walks away with
the big money.
–A veteran trader, quoted in Futures
Every time i enter a trade in WHEAT i enter a trade in CORN with the same...
We have had a big move today in Wheat.
-2.37% vs -0.33% for corn.
I am down 16.000 4 at the moment on this spread.
Again this is a demo ac.
The tactic is to load both contracts in a spread as i go along and then offload from time to time. this is not for fainthearted. I am aware i can blow the ac, so be careful.
.LOG
spread wheat vs corn 16:19 30-Aug-19
I...
.LOG
spread wheat vs corn 07:49 29-Aug-19
I spread trade WHEAT versus CORN.
I follow more or less -
Keith Schap – The Complete Guide to Spread Trading
The guy who spreads and makes a little every day is the one who walks away with
the big money.
–A veteran trader, quoted in Futures
Every time i enter a trade in WHEAT i enter a trade in CORN with the same...
Added some more today.
New tactic. I will buy and sell as we go along. The strategy is to be almost all in but i will open end close positions as i seem fit. It is not quite clear but if you follow the videos, it will make sense. Thank you.
.LOG
spread wheat vs corn 10:45 27-Aug-19
I spread trade WHEAT versus CORN.
I follow more or less -
Keith Schap – The Complete Guide to Spread Trading
The guy who spreads and makes a little every day is the one who walks away with
the big money.
–A veteran trader, quoted in Futures
Every time i enter a trade in WHEAT i enter a trade in CORN with the same...
In this particular spread, we note that July may be a strong month for corn as the weather conditions, plantings acreage, export numbers may still be unknown. The crop is still vulnerable until toward harvest which is in the fall. On the other hand, the harvest for the soft red winter wheat may be in July, allowing the market to regard the saturation of a...
.LOG
spread wheat vs corn 13:49 23-Aug-19
There is no audio in my videos.
This is a demo ac.
I have a real ac with oanda.
I spread trade WHEAT versus CORN.
I follow more or less -
Keith Schap – The Complete Guide to Spread Trading
The guy who spreads and makes a little every day is the one who walks away with
the big money.
–A veteran trader, quoted in...
.LOG
There is no audio in my videos.
This is a demo ac.
I have a real ac with oanda.
I spread trade WHEAT versus CORN.
I follow more or less -
Keith Schap – The Complete Guide to Spread Trading
The guy who spreads and makes a little every day is the one who walks away with
the big money.
–A veteran trader, quoted in Futures
Every time i enter a trade in...
