spread wheat corn 13:51 14-Aug-19.LOG
spread wheat corn
13:51 14-Aug-19
This is a demo ac.
I have a real ac with oanda.
There is no sound recording.
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 amount of units.
The trades can last hours or weeks.
Patience and discipline and money management. I will not lose more than 5% of the equity.
I can trade every hour or other.
OANDA:CORNUSD vs OANDA:WHEATUSD
Wheat
spread wheat corn 12:29 14-Aug-19.LOG
12:29 14-Aug-19
This is a demo ac.
I have a real ac with oanda.
There is no sound recording.
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
Everytime i enter a trade in WHEAT i enter a trade in CORN with the same amount of units.
The trades canlast hours or weeks.
Patience and discipline and money management. I will not lose more than 5% of the equity.
I can trade every hour or other.
wheat vs corn 14 aug 2019 9h45This si a demo.
Spread trading, a low-risk, high-profit technique, involves buying a contract in one market while selling a different contract in another market to profit from the imbalance between those markets. The Complete Guide to Spread Trading covers the step-by-step mechanics for successfully executing more than 25 calendar, intermarket, interest rate, volatility, and stock index spreads. It explains both basic and advanced spread techniques and strategies, revealing market situations where spreads are most appropriate as well as clarifying what it means to buy or sell a spread, and more.
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
Spread Trading corn versus wheathello
I use spread trading. This is a demo. I have a real ac with oanda . I base my strategy with -
The Complete Guide to Spread Trading (McGraw-Hill Trader's Edge Series)
-Spread trading, a low-risk, high-profit technique, involves buying a contract in one market while selling a different contract in another market to profit from the imbalance between those markets. The Complete Guide to Spread Trading covers the step-by-step mechanics for successfully executing more than 25 calendar, intermarket, interest rate, volatility, and stock index spreads. It explains both basic and advanced spread techniques and strategies, revealing market situations where spreads are most appropriate as well as clarifying what it means to buy or sell a spread, and more.
ZW1! - What to expect on 4HR - WHEAT FUTURESPossible trend reversal coming up, needs a few closes below the line marked w/ text. Simple trade guys. If it closes below let it fall, get short on the pull back OR vice versa. No trade yet, just waiting for a directional signal. Gut says short it though. NOT FINANCIAL ADVICE, TRADE SAFE!
Wheat analysisWheat prices remain high, despite the supply of relatively good data on the market
High quality spring wheat - higher than winter crop
The quality of spring wheat has been the highest in the United States since 2010, and it may still grow
In some EU countries, rainfall increases the quality of European wheat
Despite the relatively dry weather, the quality of wheat in France is 79%.
In the United States, spring wheat quality has been rated at 83% - the highest level after many years - (Bloomberg)
The price of wheat after the publication of the above mentioned quality data tends to decrease. The next WASDE report is expected next week.
Trade War and Commodities - Technical Behavior ExplainedFirst let's take a look what happened between China and United States.
FUNDAMENTAL VISION
-At the beginning of 2018, United States started a trade war with China, imposing tariffs on different products.
-In response to this measure, the Chinese government imposed tariffs on US products including some raw materials, the main product exported by the United States to China.
-In relation to this, there was an excessive decrease in exports, reaching the minimum quantity exported in the last 8 years.
-By decreasing the demand for products, this led to a decline in prices. In the case of soybean, we saw a few days ago how the price reached the minimum since 2008.
TECHNICAL VISION
WHEAT WEEKLY CHART
SOYBEAN WEEKLY CHART
-We observe that price behavior was pretty similar in both assets.
-In case of Soybean, the first down move was stronger than the Wheat, but then both of them started a similar consolidation/accumulation process to continue the down move.
-In the case of Wheat, price did a -18% movement since the previous Max., and then formed a flag pattern that lasted around 5 months. The breakout was perfect, and the bearish trend continued with a -16% movement. In total the downside movement of Wheat was around -28%.
-The first down move of Soybean, was around -24%. The pattern of consolidation was an ascending wedge for about 6 months, in which the movement after the breakout was slow at the beginning, but then it dropped on a -12% move.