Any commodity/soybeans traders around?

Quote from inandlong:

Price pattern analysis has always been a great way to trade the ags on the daily and weekly charts. The action is slow but the profits are nice. I guess I should take a look at the charts and check it out.

There is also an excellent site called www.chartpatterns.com that details the use patterns and illustrates them with commodity and stock examples.
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That's true. I have seen a lot of tradeable patterns on weekly and daily charts. They take time to form, but once you spot it you have a nice deal.

By the way, the whole ag sector is setting up for a major bull market in the years to come. Last Friday CBOT released a report on the story. The link is: http://www.cbot.com/cbot/www/cont_detail/0,1493,10+24+109+10254,00.html

OPC
 
Quote from beantrader:

I trade the Soy complex and Grains along with LH,LC and Sugar. I just drop by now and then to read what all these day trading gambling thrill seeking adrenalin junkies speed freak stock pickin animals are talking about:D
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he, he, he... This paper talk is quite boring at times. But the folks are cool. :cool:
 
Quote from hardrock375:

My father trades them. He used to trade Options on Gold Futures and Japanese Yen Futures back in the late 70s / early 80s.
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Commodity markets have a lot of tradition tied to them. No wonder futures contracts were invented by grain traders.


Also a lot of old wise men can be found in these environments. The same can be said of interest rate and currency markets.

OPC
 
Quote from OPC:


By the way, the whole ag sector is setting up for a major bull market in the years to come. Last Friday CBOT released a report on the story. The link is: http://www.cbot.com/cbot/www/cont_detail/0,1493,10+24+109+10254,00.html

OPC
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OPC thanks for that article. I have been pondering the same thoughts myself. If we are truly going to experience a decade of weaker business and deflation, the idea of increased food costs is going to make the whole picture that much scarier.
 
Quote from Jordan:

OPC thanks for that article. I have been pondering the same thoughts myself.
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Not at all. But don't forget that timing is still up to you. :)
 
Oh yeah. Let me ask you as a theoretical question simply for a bit of discussion if it evolves, will it bother you to profit from increasing food prices?

I ask in the sense that as the stock market declines and many folks are losing money, this money, even though for some it is their retirement nest-egg, could be put elsewhere.

But food... as was mentioned earlier... is a necessity. Those of us who trade don't worry as much about this necessity as many. many people do. And a bull market in the ags is only going to make it more difficult for people to buy food. We will.. or intend to... profit from a situation that is hurting other people directly.

Other opinions?
 
Quote from Jordan:

Let me ask you as a theoretical question simply for a bit of discussion if it evolves, will it bother you to profit from increasing food prices?

But food... as was mentioned earlier... is a necessity. Those of us who trade don't worry as much about this necessity as many. many people do. And a bull market in the ags is only going to make it more difficult for people to buy food. We will.. or intend to... profit from a situation that is hurting other people directly.
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Bull or bear market, a trader needs a trending market.

About profiting from increasing food prices let me also ask you a theoretical question: if I buy the market and prices go down instead, will you bother with my losses? And if that is the case, whose hands is the money going to?

OPC
 
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