@SerfdomKhan @Barchart Ain't called Broke back for nothin

Nice to wake up and see daily candle like that. Backwardation spread is widening the same way that Cocoa did when it had the outlier supply imbalance - people want their coffee and they want it now.

Used to be a thing for crypto bros to constantly talk about the BTC/ETH ratio. Will the Gold/BTC ratio be the new thing?

@BlueFlameBlues Any idea in terms of how big vs the rest of consumption? Assuming pretty small initially, but signs of a trend for other data centres?

@great_martis P&L ATH sir, partly thanks to leveraging gold on top of my gold 🫡

@kashyap286 Cool way to look at it. Everyone thinks Gold is a slow mover, but for the same amount of margin or volatility measure it's doing a lot better than BTC. BTCs golden days are over, it can't even compete with chocolate or coffee these days. Unlike shitcoins, Cocoa hasn't crashed.

@MichaelENewton1 Yeah it's hard to know unless you do an A/B test with real money, maybe pick 4 weeks and run the other method then compare... It's hard to control all variables though, the systems would have to be doing similar ratio of system type trades in both periods.

@MichaelENewton1 By breakout, I mean it needs to be in a trend (MAs) AND have either a breach of Bollinger, Keltner, or Donchian/Highs. Those are typically strong 1-day moves.

With multiple contracts I have noticed some sit there for maybe an hour or two before all get filled and it can do 1 contract at a time. But I don't have enough data on it, not enough instruments like that that I've traded. There is one I see that execution didn't complete until 21:22 which is > 1 hour after my normal orders, but I can't see many trade records for these kind of markets. When I did HRN I adjusted it manually, though I eventually overrided my system and got out when rolling was difficult, also manually.

After the first 6 weeks of running the system, I did a comparison of trading at open vs trading at my actual entry prices and the P&L difference was < $200. I had started with LMT orders and manually moved them for the first week or so then switched to Algo "Normal" . I switched to patient later after I noticed for a lot of orders that Normal would execute almost immediately, a lot faster than for stocks. Also since data comes ~2 hours after many markets are open, waiting an extra 5min for patient vs normal shouldn't make a difference.

@MichaelENewton1 Sent a DM

@RichB118 Definitely having the "too extended" feeling with Cocoa lately, pullback doesn't feel bullish. Coffee feels great though, after a period of not feeling great - reward for holding through that long sideways consolidation.

@mbbagent Must've been only landlords hey

@JoachimMo1985 🔥 Leave some crumbs on the table for the rest of us ;)

@bennpeifert @Eric714 Nice analysis, I don't do options but still interesting. This is why I always do my own personal backtests without compounding - I want to know what performance was like at any point in time without prior influence, not just what the number was on the last day.

@MichaelENewton1 Ran a test entering/exiting at settlement/close time instead of open. There was some benefit delaying exit until settlement close, but for entries result was similar to open. Surprising considering these are less than half of my exits, the other half are exited by stop loss

@MichaelENewton1 Thanks, I'm in between that maybe my short term system is 25 bars and long term 90 bars. Possibly could improve the short term, that will also improve shorts. But only if I can do it in a simple way by using RTH data and a fixed "good after time".

@MichaelENewton1 OJ didn't worry me because of short trading window and only using 1 contract at a time. I'm more worried about stuff that trades 20-23 hours per day, multiple contracts and has less volume. Something like HRN steel if it passes the filter.