Registered Members Login:
   
Forgotten Your Details? Click Here To Recover +
Welcome To The ShareCafe Community - Talk Shares And Take Stock With Smart Investors - New Here? Click To Register >

13 Pages (Click to Jump) V   1 2 3 4 > »    
 
  
Reply to this topic

Futures, Discussion
Tradeonauto
post Posted: Apr 27 2010, 12:09 PM
  Quote Post


Posts: 1


Hi all,

Just saying hello. Im a futures trader, using software from a company i jointly own that goes by my log on name.

Any other day traders here using full automation to reduce risk and enhance consistency?

Mostly trading wheat at the moment, though Im running some tests on oil and gold that look very promising. I like teh SPI as well as it fits my strategy nicely. Up 100% on wheat running basic settings in last three months.



What are you guys doing? Still manual or..???



 
kelt
post Posted: Apr 18 2010, 08:21 PM
  Quote Post


Posts: 1,359
Thanks: 290


Bearish wedge forming on Hogs.
Attached thumbnail(s)
Attached Image


 




--------------------
"Money is being taken from the competent and given to the incompetent."

Jim Rogers
 
kelt
post Posted: Apr 6 2010, 10:19 AM
  Quote Post


Posts: 1,359
Thanks: 290


Feeder cattle could be a good short here. Seems pretty extended. RSI 88.
Attached thumbnail(s)
Attached Image


 




--------------------
"Money is being taken from the competent and given to the incompetent."

Jim Rogers

Said 'Thanks' for this post: jdh  
 
jdh
post Posted: Mar 28 2010, 08:13 PM
  Quote Post


Posts: 193
Thanks: 5


In Reply To: kelt's post @ Mar 28 2010, 07:35 PM

Hi Kelt,

Thanks for your reply. Went long on gas earlier in the week only to get stopped out on Friday. Should be a good trade when it turns.

No, unfortunately I didn't take the trade on live cattle.

Partly I was a bit hesitant as I have never traded 'softs' before, and partly the trade looked so obvious I thought it would go the other way.

wacko.gif

May go long on hogs, but doesn't look as sure as the cattle chart from last week.

wacko.gif wacko.gif

 
kelt
post Posted: Mar 28 2010, 07:35 PM
  Quote Post


Posts: 1,359
Thanks: 290


In Reply To: jdh's post @ Mar 28 2010, 06:16 PM

G'day jdh,

Took me awhile to get that, I'm a bit slow. wacko.gif

I pretty much trade any futures if I see a good setup. Traded Natgas once since it broke down for a loss.

Looks like it is in a wave 3 down with a 4 at some stage and a 5 down to finish. Best bet would wait for the 4th wave to setup and short the breakdown. It getting close to the 61.8 fib and a couple of support lines around 3668 and 3540, however it doesn't seem the best risk/reward setup at this stage.

I took the trade last week because it looked like it was forming a base and the RSI was very oversold on the daily, but it still broke south. Personally trading futures I think it's better to wait for a better T/A setup.

Did you short live cattle?
Attached thumbnail(s)
Attached Image



 




--------------------
"Money is being taken from the competent and given to the incompetent."

Jim Rogers
 
jdh
post Posted: Mar 28 2010, 06:16 PM
  Quote Post


Posts: 193
Thanks: 5


In Reply To: kelt's post @ Mar 28 2010, 04:29 PM

Hi Kelt,

Do you look at Natural Gas futures?

Very volatile commodity that looks very oversold - broke down through US$4 on Friday.

Any idea of where the bloodbath could stop?

By the way, only kangaroos bounce. tongue.gif

 

sentifi.com

Share Cafe Sentifi Top themes and market attention on:


kelt
post Posted: Mar 28 2010, 04:29 PM
  Quote Post


Posts: 1,359
Thanks: 290


Hogs could well bounce from here. Daily and 4 hourly oversold.
Attached thumbnail(s)
Attached Image


 




--------------------
"Money is being taken from the competent and given to the incompetent."

Jim Rogers
 
kelt
post Posted: Mar 24 2010, 08:21 AM
  Quote Post


Posts: 1,359
Thanks: 290


Updated live cattle chart. Given last week gains back in the last two days.
Attached thumbnail(s)
Attached Image


 




--------------------
"Money is being taken from the competent and given to the incompetent."

Jim Rogers
 
kelt
post Posted: Mar 21 2010, 10:01 PM
  Quote Post


Posts: 1,359
Thanks: 290


Some commentary on Live Cattle. Commodity wrap video also on right hand side.

http://www.allendale-inc.com/rc_free/morni...%20Kick%20Start



--------------------
"Money is being taken from the competent and given to the incompetent."

Jim Rogers

Said 'Thanks' for this post: jdh  
 
kelt
post Posted: Mar 21 2010, 04:47 PM
  Quote Post


Posts: 1,359
Thanks: 290


Live cattle looks like it could be a good short. Red lines are of equal length. Seems to be a consistant range.
Attached thumbnail(s)
Attached Image


 




--------------------
"Money is being taken from the competent and given to the incompetent."

Jim Rogers

Said 'Thanks' for this post: jdh  
 
 


13 Pages (Click to Jump) V   1 2 3 4 > » 

Back To Top Of Page
Reply to this topic


You agree through the use of ShareCafe, that you understand and accept the TERMS OF USE.


TERMS OF USE  -  CONTACT ADMIN  -  ADVERTISING