There are always going to be those who will blame unexpected (always adverse to their position!) price moves on 'fixing' or pit manipulation, but I was referring to the documented cases where charges have been brought. You're right - the possibility of an uneven playing field is way down the list, but it's still on the list.jimbo57 said:Scandals about "fixing" are rife everywhere- [...] It seems to me that whenever a trader sees price action that they can't understand immediately, or triggers a stop, rigging/fixing/manipulation are pulled out of the dictionary and bandied about [...], this should be way down the list of fears.
What I meant was that it was obvious (to me at that time) to place greater weight on socio-economic, supply/demand and related 'real world' causal effects on 'real life' commodities such as Wheat and Silver than to work with Technical Analysis charts and patterns. To decide to take into account weather forecasts for the primary growing regions and global grain distribution factors in making a decision on a position. To wonder at the possible reduction in usage of Silver in the photographic industry with the move to digital photography (apparently, contrary to my basic logic, there is little impact) seemed a sensible thing to do.jimbo57 said:"Being too close to reality" -this is an interesting one! Surely as traders, we should be grounded in reality? We lay our hard earned cash on the line everyday - in many ways, trading an instrument that is grounded (literally) in reality should improve the odds in our favour. As traders we deal with reality everyday, the day we cease to do this is surely the day the kart begins to leave the tracks?
DaveT said:My personal methodology with commodities is a breakout strategy. I am looking for those markets which have held in a close, tight range for an extended period, then break desicively up (or down) indicating the start of a sustained trend relative to the peiod of consolidation.
In these instances I am looking to hit has hard as I can.
A classic example of this was WHEAT in 2002. Future examples could be COFFEE or COCOA.IMHO).
jimbo57 said:To take the example of Nymex crude oil, significant volumes are now traded electronically, the market is open virtually 24 hours a day. The daily limit on Nymex is $10, thats 1000 ticks. I think the bigger fear was the market gapping (rather than limits), but the electronic session eliminated this to a large extent. I note that a lot of the free charts that are available on crude do not show the electronic session, and thus still show gaps that in reality do not exist.
We get it, advertisements are annoying!
But it's thanks to our sponsors that access to Trade2Win remains free for all. By viewing our ads you help us pay our bills, so please support the site and disable your AdBlocker.