Recent content by monarch

Open question; Has anyone ever found a source for the "cost of carry" for certain commodities? I have spoken to my broker who has never seen any details. It seems that it is something that would be quite handy to know. thanks Monarch

got out yesterday and took profits as price droped. Due to be unable to get filled quickly not as much profit as I had hoped for. I think the general feeling now is the Soybean market is overbought and is correcting to a level that is sustainable. The only thing that may still push prices is the...

Nice gain again yesterday but the night market Soy showed decline. Makes me a little nervous about where we are going to go on open today. I may well take my profits and wait to re-enter on a drop back. But I will have to be guided by the market as there are conflicting signals. Pro's: Exports...

Hi DaveT yes i am still in SMN from 156.0 but must say was a bit unsure where it was going to go today after holiday and such sharp rise last week. Once market moved on open bought again @173.9. I have seen it break through res @ 170.78 and set next possible res @192.37. I think IMHO the market...

Hi Monetcat the best thing to do is go to http://www.openecry.com and download the demo. You have 14 days to try it. It does have real time quotes and P&L for your account. It has no charts The cost per round trip includes software and except a NFA charge of $0.04 there is nothing else to pay...

Hi Bgold I have recently opened an account with OEC and am being charged $14.00 per round trip for pit trades and £4.80 for electronic trades i.e night markets. I am impressed with OEC's software (which is free with account) and their service is very good. One thing I really like is the chat...

Soymeal on the move? Hi all Soymeal up again yesterday. SMN05 up 4.00 showing a break thru previous resistance @ 161.30. Next possible res 167.5 but could go to 170.78 before next major res. A report in Kanas Commodites paper that dry weather in southern Brazil leads to a concern about drought...

Hi Moneycat i intend to trade for the longer trend than daily. I am looking at spread trading which has longer time spans. Except for having to bail out if trend goes against me I shall be trading only a few times per month. Thanks for input Monarch

Ecry Info Hi I have been trying OpenEcry for a couple of days and it seems very good. It seems that it just an electronic way to submit your order to a broker but also tracks your contract, P&L changing prices etc. The brokers are very helpful and are even there all night which is helpful with...

Hi Just read USDA report that dry weather in Rio Grande do Sol has led to down grade on estimate of Brazilian crop by 1.5mmt to 63mmt. Not a great deal as crop is still over supplied due to last years heavy crop but may be enough to start movement. Got long at 156.00 and seen steady rise to...

Hi Bgold you have just called it exactly as I was seeing it. I have a crossover yesterday on daily charts and was looking for res @ 1613 with sup @ 1500. I am looking to go long SMN05 @ 155.0 if I can get filled. Looking for long term rally thru to early July. First step to break the 1613 line...

Soymeal turning? hi I am looking at Soybean meal and both the SMK05 & SMN05 daily charts are turning and may ready to break up. This IMHO only and being a novice at commodities I would apprecaite if anyone else has an opinion on this. Thanks Nick

thanks DaveT Once again very helpful. How about a thread on Soybean Meal which I am watching for an upturn thru to July. But hey I could be completely wrong. :o Nick

hi Just found http://www.openecry.com which lets you download software with 30 day free trial, this would be good for papertrading. Hope this helps Nick

Hi Just found this http://www.openecry.com site which provides software for trading commodites etc. Allows 30 day free trial and have just started testing it. I would value other peoples opinions of this site/software as I am new to futures game. So far looks good and able to talk direct to...