Day Trading AG Setups.....

[mjp]

I just recently started to day trade the grains. Corn, Soybeans, and Wheat. All I have used is a basic box type trade, trading the breakout of a consolidation with tight stops and small targets. Anyone have a few basic setups they have found useful? Not looking for a lot of cents, but some small amounts when the indexes which I trade are not moving.

[keymoo]

CBOT is a great resource.
CBOT - Ag

esp. this one:
CBOT - Why Stock Index Futures Traders Will Love Trading Corn, Wheat & Soybeans

[cooter]

Yep, I was about to post that link myself, Keymoo.

It should give traders a good insight into the grains and why they are often better than the indices to trade.

With the volatilty and the lower margins, you might decide to trade these during the so-called "doldrums" or better yet, make your focus on pulling an easy point or two out of them each day.

[agrawal_anish]

FORGET EVERYTHING MACD, AVG, GANN, TAPE READING ,VOL,OPEN INTREST JUST REMEMBER
[b]the best technique for day traders which i am using for last 3 years which is almost 90% successful is the combination of PIVOTS FOR SUPPORT AND RESISTANCE , CAMARILLA EQUATION, FIBONACCI PIVOTS AND 5 DAY RSI.
TRY THIS ITS VERY EASY .

[cooter]

	Quote:	agrawal_anish
	FORGET EVERYTHING MACD, AVG, GANN, TAPE READING ,VOL,OPEN INTREST JUST REMEMBER [b]the best technique for day traders which i am using for last 3 years which is almost 90% successful is the combination of PIVOTS FOR SUPPORT AND RESISTANCE , CAMARILLA EQUATION, FIBONACCI PIVOTS AND 5 DAY RSI. TRY THIS ITS VERY EASY .

Fair enough. You have access to this website via the Internet. So how about taking a screen shot of your setup to illustrate your technique for the Ags?

[notouch]

With respect, I think everyone on this forum is well aware of pivots, fibs and RSI. I'm glad you've got a system which you think works but I don't think it's as amazing as you think it is.

You might also note that this thread is about agricultural futures, not stocks.

[torero]

I can only assume Agrawal using these tools globally (stocks, futures, commodities). Since I'm new to Ags, I'm trying out price patterns, Fibs, pivots, etc to find strategies for these.

Yes I agree, charts are the best way to get your point across loud and clear.

[TinGull]

For those that know how I trade the YM, my plan is to trade wheat and soybeans exactly the same. I won't be making any changes to my setups, and they seem to work perfectly well in this market too. Notice here on Thursday, we see wheat take off, sell off into daily R1 and then we see selling pressure decrease (showing a strengthening delta) and then price rallies again.

[cooter]

For your pivots on the grains, which session are you using? Day or All? Pit, electronic or composite?

[TinGull]

Day session of electronic.