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Today I was punished for two reasons: Not checking my email, and for not being on top of deliveries. The first trade I entered in this journal got prematurely closed today. If you can recall, I purged my list of preplanned entries and exits of trades that were to be kept too close to First...

Does anyone know of (retail) brokers which allows trading on ecbot closer to physical delivery than Interactive Brokers?

Just for the record here are the differences between my prematurely closed trades in RB and NG, measured against VWAP of both legs Monday June 25th: RB was at -0.3064, or a difference of -0.0164 - so I would have lost 689 usd if I had closed it there instead. NG was at 1.869, a difference...

I am coloured by experience of the trade in bonds, as well as what's happened in the energies. I think the topping out of the seasonal pattern in RB was pretty obvious, and the profit was many times expected profit of the pattern. In these cases I think the profit should have been taken off the...

I decided to close the RB spread prematurely as well, I had it pegged for Monday 25th as well. Bought 1 Aug 07, Sold 1 Dec 07 RB Unleaded Gasoline @ -0.29 - CLOSED - PROFIT 0.058 or 2.436 usd. Maximum open profit has been around 5.000 usd, so 50% of potential profit is so so.

Ok, although I have had my exit dates planned in advance, I have now decided to treat seasonality as prospecting and not rigid entry-/exit-dates. Thus, apply some common sense derived from trading stocks many years to the spread trades. It's particularly what's been going on with NG and RB...

During the night I got filled in a new Corn calendar spread: Long 2 May 08, Short 2 Dec 07ZC Corn @ 15 Currently I'm considering what the best way to trade seasonal patterns is, and the most logical to me seems to be aware of the patterns and try to exploit them if they seem fine on the...

Today has been quite busy, as I've opened the following spreads: Long 1 Dec 07, Short 1 Sep 07 NG Natural Gas @ 1.713 Long 3 Sep 07 ZO Oats, Short 2 Sep 07 ZC Corn @ 26.25 Long 3 Mar 08 ZO Oats, Short 2 Mar 08 ZC Corn @ 29 Not a good place to enter the NG-spread, and the chart of the...

Today I would have exited the NG trade I skipped around May 20-25th due to my already somewhat big exposure toward energies with both another NG and an RB-spread. The profits would have been around 2k, another proof that the energy-spreads worked well this year. At the same time I also...

The recent rise in wti-prices has been much stronger in the front months, and calendar spreads are getting "cheap" (well, at least they're down). Are we heading for backwardation?

I think the Eurodollar-spread has bottomed, and added another contract: Long 1 Mar 08 GE Eurodollars, Short 1 Sep 07 GE Eurodollars @ 0.060 The position size is now 2, with an average of 0.110. I plan to hold this into September.

REC's marketcap is now 16 bn USD... Can't believe I haven't been riding this baby.

Sold 1 Mar 08 CC Cocoa, Bought 1 Jul 07 CC Cocoa @ 79 - CLOSED - PROFIT 14, or USD 140. Nothing special about this I guess, although a profit is always nice. Compared to historical performance this netted about half of the average net profit. In retrospect I should have had 1-2 more contracts...

Commissions - I don't agree that losses / mistakes can be categorized as expenses. The loss is either an outcome of errors, or to be expected as part of your strategy.

Thanks kahai, and congratulations to you on your CAD/AUD spread. I legged into the CT on NYBOT (or ICE I should say), with the May first since the spread was so wide. Yes, no combo on IB unfortunately, it is a bit time consuming to sit and leg in. I'm planning to sit to the end of august with...

Today I entered into the following Cotton spread: Long 1 May 08 CT Cotton, Short 1 Oct 07 CT Cotton @ 0.560

My trade in Unleaded Gasoline is going well and is up close to 5.000 usd at the close of trading today. Looking at the historical performance of this seasonal spread, it really blows earlier trades away when it comes to profitability: In the period of 1986 to 2004 it's been more profitable only...

Unfortunately I don't know much about pit orders, although I'm pretty sure that you can give them spread orders. But maybe IB cannot relay a spread order to the floor? My Eurodollar-trade is continuing the downtrend, and in a couple of days it's down more than 200 dollars. I'll keep watching...

Yes, the energy trades are compensating for the terrible bond trade I had. So far the experiment is going along in an acceptible way I think, but the position sizing between the various trades is very off and not something I've put much energy into since the account isn't big enough to do it...

I took a small position in Eurodollars today: Long 1 Mar 08 GE Eurodollars, Short 1 Sep 07 GE Eurodollars @ 0.160 If you look at the chart of this spread it's still in a long downtrend. I'm initiating the first contract now, but plan to add a few more contracts once I see anything looking...