tag:blogger.com,1999:blog-27784316.post2100767996996594492..comments2023-09-06T03:23:43.027-07:00Comments on I AM A FUTURES TRADER: Chris Johnstonhttp://www.blogger.com/profile/01542415946929766288noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-27784316.post-20293126895764793002011-04-21T06:40:21.494-07:002011-04-21T06:40:21.494-07:00I LOVE HONESTY! +1 for you my friend.I LOVE HONESTY! +1 for you my friend.GWhttps://www.blogger.com/profile/09124548752775114882noreply@blogger.comtag:blogger.com,1999:blog-27784316.post-10563896929006002011-04-21T06:13:35.172-07:002011-04-21T06:13:35.172-07:00Chris - I've missed a bunch of your posts this...Chris - I've missed a bunch of your posts this year. I caught up with the last couple, and, interestingly, I've had similar experiences - I had a few decent trades (Coffee, 5 year notes, the Yen) and a few real stinkers (cattle, shorting the pound - not allowed in this market, bean oil, selling NG, the $$$) and just am happy that the last few weeks have tread water instead of plummeted down.<br /><br />Generally, I have been frustrated by the dollar as well, although I am slightly positive from the five (!) stabs I have taken at it. I started moving stops intraday using 600C bars and a very loose trailing stop. I do suspect that when the $$$ finally makes its move, it will be one heck of a run.<br /><br />I'm not sold on the upside move yet, although it reminds me a lot of the 9/1 move last year. Then, of course, I was absolutely convinced that we were headed up because all of the usual suspects (trend, momentum, volatility, COT, trader sentiment, etc.) indicated risk was to the upside. When I look now, it seems far more balanced, with perhaps a slight downside bias; the VIX is at yearly lows, but the premium on puts to calls is through the roof, trader sentiment is hot, etc.<br /><br />In any event, aside from the Yen and Bonds/Notes, there is not a whole lot I am excited about. I just hope we get a pullback in so that I can get a winning trade on. I have a trade on today to go long cattle - unlikely it will be filled. <br /><br />It would be good to hear when you think that the market is out of its funk.<br /><br />Good luck & good trading.<br /><br />KonradKonrad Sherinianhttps://www.blogger.com/profile/03373772982970306803noreply@blogger.comtag:blogger.com,1999:blog-27784316.post-6645665800818529722011-04-20T16:33:43.771-07:002011-04-20T16:33:43.771-07:00I know exactly how you feel. We had major equity b...I know exactly how you feel. We had major equity bearish breaks on bonds, copper & EURUSD on Monday. How did we end up here?<br /><br />A lot of solid technicians watching this in amazement. <br /><br />JBTFD I guess.Springheel Jackhttps://www.blogger.com/profile/03373451359404193949noreply@blogger.com