Which grains/softs/meats are daytrading candidates ?
- Thread starter Saxio
- Start date
If there was one I was forced to pick, it would be live cattle on CME (LE), which by the way has been trending down for 2 weeks or so. Nice short trading day but has good volume.
I know ICE has some liquid instruments in the categories you desire, but do not know the patterns/slippage etc.
I know ICE has some liquid instruments in the categories you desire, but do not know the patterns/slippage etc.
Stick with soybeans and forget meat and soft.
Corn is good too, although its daily range is smaller (which is good if you like tight stops).
Wheat does not respond well to most daytrading techniques.
Sugar #11... $11.20 per tick.
Cocoa ... $10 per tick
Coffee ... $18.75 per tick
Problem with these softs is they trade on ICE exchange.... high(er) data costs and at many firms limited intraday margining (for outrights).
I cut my teeth on sugar (SB) futures many years ago. Still a favorite!
Cocoa ... $10 per tick
Coffee ... $18.75 per tick
Problem with these softs is they trade on ICE exchange.... high(er) data costs and at many firms limited intraday margining (for outrights).
I cut my teeth on sugar (SB) futures many years ago. Still a favorite!
CannonTrading_Ilan
Sponsor
beans ZS
soymeal ZM
bean oil ZL
Wheat ZW are all suitable for "swing type of day trading"
Hogs and cattle at times can present some set ups and have ranges, however be aware of the limit moves so you dont get stuck in the wrong way....
The softs have some potential, cotton, coffee and sugar however like mentioned here before ICE charges high monthly fee for data
Hello.
My passionate futures contracts for daytrading are the 3 U.S.A Major Wheat's:
a) CBOT Wheat,
b) Kansas City Wheat,
c) Hard Red Spring Wheat.
In daytrading never had a profit with them.
Only losses.
But i loved so much them.
I have a passion with Wheat!
By the way here they are some short words for Wheat:
It was the Wheat, the Wheat! It was on the move again.
From the farms of Illinois and Iowa, from the ranches of
Kansas and Nebraska, from all the reaches of the Middle
West, the Wheat, like a tidal wave, was rising, rising. Al-
mighty, blood-brother to the earthquake, coeval with the
volcano and the whirlwind, that gigantic world force, that
colossal billow, Nourisher of the Nations, was swelling and
advancing.
-FRANK NORRIS, The Pit.
Kind Regards,
George Kanellopoulos.
My passionate futures contracts for daytrading are the 3 U.S.A Major Wheat's:
a) CBOT Wheat,
b) Kansas City Wheat,
c) Hard Red Spring Wheat.
In daytrading never had a profit with them.
Only losses.
But i loved so much them.
I have a passion with Wheat!
By the way here they are some short words for Wheat:
It was the Wheat, the Wheat! It was on the move again.
From the farms of Illinois and Iowa, from the ranches of
Kansas and Nebraska, from all the reaches of the Middle
West, the Wheat, like a tidal wave, was rising, rising. Al-
mighty, blood-brother to the earthquake, coeval with the
volcano and the whirlwind, that gigantic world force, that
colossal billow, Nourisher of the Nations, was swelling and
advancing.
-FRANK NORRIS, The Pit.
Kind Regards,
George Kanellopoulos.
I dunno' man. Live cattle seems to have found the bottom now. ~114 level on the Jun contract...I did not have presence of mind to pull up the Aug contract, but how can that not rise from where it is now going into a re-opening play with the summer season starting? And remember, Aug cattle covers Labor Day weekend. I would look for 130ish on the Aug contract sometime before expiration.