Youngtrader's Commodity Journal

Quote from IndexSwing:

Hey Youngtrader. May I ask which broker you use and how much $ your are working with?
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I broker with openecry on most of the little stuff but anything complex (options, intermarket spreads, etc) I use a small full service broker based out of Minneapolis. To be honest I have no idea how much money I have made since posting the journal (forgot to keep track and am now way too far behind to tally it all up) but I will tell you my account is currently around $60,000 as of today.
 
I'll let you know about those spreads tomorrow, see anything interesting in currencies? I think EUR is shortable, same with yen but that open today was strange.
 
Quote from drycleaner41:

I'll let you know about those spreads tomorrow, see anything interesting in currencies? I think EUR is shortable, same with yen but that open today was strange.
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why do you think the open was weird
 
I thought it was weird because we opened at 105.10 then had an immediate rally back to the levels we closed at on Friday. Maybe there was a news item I overlooked? Unless that's the case that open through me off. What did you think about it?
 
Sorry guys its been just a really hectic day and so much was happening that I had very little time to post.......got to hurry to work right now but I will tell you

Out of my hog spread

I got long auggie/nov beans

long sep kc/chi wheat

didn't get my short natty gas spread

want to get long some beans if we can trade higher tomorrow

want to sell 10.50 straddles in sugar tomorrow

Sorry about being so short but I will discuss the trades tomorrow.
 
I think AUD is looking bullish and Yen bearish. In about 13 minutes there is AUD reserve bank rate decision so we'll see how that plays.

Cargill has been messing with those meal spreads, apparently they are just shaking up their positions. Also being old crop/new crop the margin on them is real high, about 4-5k for 1 contract.
 
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