Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Grain Futures Trading -- Ignore unavailable to you. Want to Upgrade?

To: wiley murray who wrote (96)	11/11/1998 10:48:00 AM
From: Tom Allinder	Read Replies (1) \| Respond to of 645

To All: To what degree do you consider the weather in trading? What type of information regarding weather would be useful? What is the minimum time frame that weather can effect futures prices? Does anyone use a "weather service" with regard to futures trading. Thanks for any feedback. Tom

To: wiley murray who wrote (96)	11/11/1998 10:41:00 PM
From: nicewatch	Read Replies (1) \| Respond to of 645

Wiley, I do not really follow or use the weather in my trading. Picking a personal trading strategy (TA, FA, whatever) is very important if one stands a chance in these markets. A thousand times more important though, IMO, is money management, or rather, how one deals with the inevitability of losing, both monetarily and psychologically. When using a basket of indicators/tools I like to mix it up, and not use a bunch of different indicators which end up telling me the same thing. For instance, Williams%r and stochastics can both be fine indicators, but they pretty much measure the same thing, except they're inverted to each other. Re: the cash chart-- I mentioned before a long term cycle that has?/is bottoming. Within that, beans have been in a rather large trading range since the top in 73. The most recent lows came at a level that has stopped many prior declines. From this perspective, while the trend may not have changed yet, the downside seems limited. FYI, the chart plots the Monthly AVERAGE data. The range of prices within a month can be quite large during volatile markets (e.g. 73). Here's a resistance # for you, fwiw. The 50% retracement of the 6/24/98 to 9/1/98 decline is 604.2 basis May. I will update the bean chart in a little bit. Talk to you later Regards, Frank