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Thanks so much for your thorough response. I plan on reviewing it and following up on your suggestions to see if those markets appeal to me too.
Some more questions if you don't mind...
- You mentioned that you only trade electronically, aren't all the agricultural markets traded in the pit?
- Why do you prefer silver over gold? They seem to be highly correlated to me.
- What is your average holding time for these agricultural trades?
- What do you use for your technical analysis?
I like the point you made about trading the EUR/CHF, but I have to be honest with you that the Forex market turns me off because of the "bucket shop" reputation that the Forex brokerages have. That's why I've been sticking with the currency futures. I don't want to pay the spread. Do you use Oanda for forex? Thanks again for your post.
Antonio |
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Ant
Sorry for the delay. This time of the year change of weather put a toll on me.
I only trade energy contracts electronically, I should make that point clear.
Yes agricltural Mini's are pit-traded contracts and I personally had no problems whatsoever.
Ethanol has 1 month contract period the rest are 2 months.
I prefer silver because tends to stick better on pivot points than gold.
Pivot points are my main tool for technical trading. I also use S/R levels but I also look for any price in particular in which the market had a turning point within the past 4 or 5 days. My trading is very simple: I watch how the market gravitates on these levels and I act accordingly.
The order of my preference on Agricultural contracts is based on how they perform around pivots and S/R levels.
I don't use a market maker for Forex. I will tell you in private what I use.
I am so sorry for my short answers but I'm not feeling very good lately
Regards
Raul