Day Trading Strategy for Ags/Grains; Corn, Wheat and Soybean Futures

Questions:

– Ags / Grains (Corn, Wheat, Soybeans)

o Corn = ZC
o Soybeans = ZS
o Wheat = ZW
o Big moves in grains markets have new traders always asking for more information on how to trade them
o Not suitable for new traders

 Margins are SO high
 Liquidity is very low (very dangerous if the markets go limit-up/down)
 They have an open PIT, so the fees are also higher
 You need to know almost everything that’s going on in the world we live

• Economic reports are tough
• Add Crop reports

 The trading day is VERY short

• 1030am OPEN
• 215pm close

– Auto Trader

o What’s coming up next?
o 25% completed
o $1500/mo/contract
o No overnight margin needed
o Download it NOW in the advanced course
o Training on Wednesday @ 1130am est for members

 Finalizing the software (complete the beta this week and posted on Monday)
 Adding in the wave pattern next
 Adding in trailing stop
 Adding in multiple profit targets

– Holiday Schedule

o Last day of trading is Dec 13

 Trade room closed on 14th, Tuesday

o We return to the markets Jan 10, 2011
o During this time the trade room will be closed, however…

 The auto trader will still work
 All of your charts, templates, indicators will still work
 The market will be challenging
 Our sales and support teams will be available via email and skype, live support
 Over the break…

• Trade with market replay using old data, not the current price action
• Make sure you’ve watched all the videos, practice the patterns
• Look at multiple timeframes

– Increasing your execution speed

o Don’t try to do too much
o Trade within your means

o Members training on nov 10 talks about preparing for a trade ahead of time so you are more prepared for it.

– NT 7.0 and using indicators

o Any day now they will done
o Once they are done, we will then convert everything over to NT7

– Trade Management chart
– All the different arrows on the charts, what do they mean?

o Red / Green = divergence indicator
o White = added manually by Me

– What different indicators do we use?

– NT7 Indicators are ALMOST done, they are done, but the download isn’t working on them, so im waiting for that to be fixed on Monday the 13th.