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Hey Raul,
I agree with you that this website is attracting good people willing to share. I certainly gravitate to your posts as well. 
I do have a few questions for you, or anyone else, and apologize if this is off-topic for this thread. I currently daytrade the ES and swing trade the Euro. I also plan on adding some more markets to my trading repertoire. These markets include 30-Yr Bonds, Crude Oil, and Gold. I also follow the YM during the day because it is highly correlated with the ES, but I trade the ES. Someday I will try trading the YM instead.
Anyway, here are my questions...
- Do you plan to stop trading Crude Oil? If so, why?
- Do you daytrade or swing/position trade?
- When you do trade energy, do you trade the pit-traded or electronically-traded contracts?
- Would you recommend only dealing with electronically-traded futures because of slippage, etc?
- What other markets do you trade? Do you trade agricultural commodities?
- What other markets would you recommend trading?
I would like to hear from folks who have traded markets other than the index futures. I only plan on daytrading the ES and Bonds, and swing trading (i.e., hold up to a week or so) the other markets. By the way, is the 10-Yr Notes better to trade than the 30-Yr Bonds? I think following other markets to swing trade when they are about to move is a good way to enhance my trade plan without requiring too much more effort. Thoughts? |
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My reasons as to stop trading crude oil are more fundamental than technical. I am an old dog and I learn that one need to create a balance between both.
I trade what I see but I always keep my ear on the ground.
I shorted Crude since $77.00 a barrell and now is $57.00 I sincerely don't want to play greed.. Energy sectors are very much like the "flavor of the moment" and sometimes
the crowd mentality changes from one side to the other in a heartbeat. There's a seasonal side on energies as well. I advise caution on this market.
Agricultural is my probably favorite market to trade. My preferences in this order
1)Corn and ethanol
2)Soybeans
3)Cattle
4)Cocoa
5)Sugar
6) If I need to activate my supply of adrenaline - pork bellies
These markets are slow-paced and they trends very well. Like every market, you need to keep your ear on the ground and paper trade until you get the hang of it. Ther's some seasonals for comodities but they're not as fast-moving as the one's for energy.
Soybeans is a good market for start.
I love silver - better than gold.
This christmas you'll find me on heating oil for sure. Natural gas is another one I trade but I am not interested as inventories are to the top.
I trade all markets electronically only. It's better to be safe than sorry. I had big issues with pit-traded markets in the past. Just my experience.
The only market I swing trade is Forex. My favorite instrument - EUR/CHF Unless EUR/USD make me an offer I can refuse (1.18-1.20 area) I won't trade it. But it's a good market to trade on a long term basis.
About EUR/CHF This is the reason why I love this instrument
The swiss franc will never move strong against the Euro. I don't see it happening at least in our generation. The swiss franc is a recognized currency only because of the worldwide perception that switzerland is a stable-solid country. This is a long story I can talk about it later, I'll get to the point
Look at EUR/CHF on the 240 min chart. You'll notice that most of the time this instrument is on a range bound for almost the whole year . Just perfect for a bracket trading. Just be careful on geo-political stuff as it rocks this instrument like a hurricane. I trade EUR/CHF for the whole year. Just change my position from long to short and of course take profits.
I don't trade bonds by the same reason I never traded YM - just lack of interest.
Raul