The only legal crude oil futures trading in China is the Shanghai Futures Exchange, which will be listed soon. With the approval of China Securities Regulatory Commission, the Energy Trading Center of Shanghai Futures Exchange recently officially announced various external supporting measures for crude oil futures, marking a key step in the listing of crude oil futures. It is necessary to prepare for crude oil futures account in advance and learn more about futures.
There are advantages and disadvantages in intraday trading of commodity futures. The advantage is that in the case of high risk controllability, investors can better formulate their own stop-loss and profit-taking trading strategies to grasp the profit-loss ratio, and will not bear the big gap risk like overnight positions; The disadvantage is that due to the limited intraday fluctuation range of futures varieties, in many cases, the increase is relatively small in the case of intraday sideways adjustment or small fluctuations.
So, what does this have to do with priority cycle? Oil Futures Network News, regarding the application and analysis of intraday minute cycle K-line, futures trading is different from stock trading, and the minute cycle K-line analysis of stocks has a strong * * *, which means that different stocks in the stock market can use the same minute cycle K-line for analysis, and there is not much difference.
This is because all stocks in the stock market generally have the same minimum fluctuation unit (0.0 1 yuan), the same upper fluctuation limit (10%), the same minimum trading unit (first hand 100 shares) and so on. , making stocks have stronger K-line minute cycle analysis than futures. When doing futures trading, many investors invariably use the same minute cycle for all futures products according to the idea of the same minute cycle. This analysis method is incorrect from the beginning.
After futures account, it should be noted that the minimum fluctuation units of different varieties of futures are not necessarily the same. As far as the varieties of Shanghai Futures Exchange are concerned, the minimum fluctuation unit of Shanghai copper futures is 10 yuan/ton, 5 tons per lot, while the minimum fluctuation unit of aluminum and zinc, which are also varieties of Shanghai Stock Exchange, is 5 yuan/ton, 5 tons per lot, and the minimum fluctuation unit of rebar and wire rod is 1 yuan/ton, 65,438 per lot. The minimum fluctuation unit of gold is 0.0 1 yuan/gram, each lot 1 kg, and crude oil futures 100 barrel.
People in futures accounts pay attention to the fact that when speculating futures, different minimum fluctuation ranges and the number of transactions per lot will cause differences in capital flow time. Even if the differences are not too big, it will affect the minute cycle of choosing K-line in intraday trading. In the process of futures actual combat, when doing intraday trading, basically every futures product has a special minute period, during which the signal sent by K-line is particularly accurate and reliable. If traders can grasp that specific minute period, they will be less misled by the signals sent by the K-line in other minute periods, thus reducing the rate of misjudgment.
Some investors in the industry call this special minute cycle of each futures product "priority cycle". Among the futures varieties suitable for intraday trading, the priority periods of some varieties are listed. What needs to be explained here is that different varieties of futures market may have the same "priority cycle", and the minimum fluctuation unit and trading unit are different; Having the same minimum fluctuation unit and trading unit may have different "priority cycles".
For example, futures account investors believe that futures with a "priority cycle" of 3 minutes include rubber and fuel oil; Priority period is 4 minutes: bean1; The "priority cycle" is 5 minutes: copper, zinc, sugar, soybean meal and plastic. If you properly refer to the buying and selling signals in the "priority cycle" when speculating futures, the timing of entering and leaving the market will be much more accurate.
However, the Oil Futures Network needs to remind readers that the "priority cycle" is an analytical idea, especially to help investors who use the minute cycle K line in intraday futures trading to judge the beginning, continuation, breakthrough and inflection point of the ups and downs more effectively. However, not all futures varieties have a "priority cycle", and the "priority cycle" of each variety will never change, which is related to the trading rules of futures varieties and the characteristics of trading capital flow.
Therefore, when we invest in crude oil futures and other varieties, the "priority cycle" of intraday trading of futures varieties has three laws: First, the trading signal sent by the K-line pattern or technical indicator signal in this cycle is faster and more effective than other cycles, which is the most fundamental principle. Second, the number of signals sent by K-line shape or technical indicators in this period is more lasting than in other periods. Third, the cycle should not be too big or too small, and the "priority cycle" should be less than 6 minutes. Try not to choose one minute as the "priority period".