tag:blogger.com,1999:blog-27784316.post4291226897719947488..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-7119345723415890542011-10-07T05:47:36.666-07:002011-10-07T05:47:36.666-07:00Agree on Gasoline, the only reason I am not long t...Agree on Gasoline, the only reason I am not long there is the seasonal and cycle stuff was calling for down.<br /><br />As far as Sugar goes, you are right the COT indicator does not indicate a buy. I have proprietary things I use that I do not show, that are telling me to look to the long side there, and the seasonal does support that direction. The POIV indicator some times gets into a punched out position. That means that it has extended it self in one direction and not been able to get price to follow, so we get a big move the opposite direction. This is that type of look to me. Sugar is also a picture perfect buy on the weekly, not sure if you are familiar with that or not but I am thinking based on your knowledge of LW's stuff that you know that setup.Chris Johnstonhttps://www.blogger.com/profile/01542415946929766288noreply@blogger.comtag:blogger.com,1999:blog-27784316.post-48614287513461429472011-10-07T03:20:24.074-07:002011-10-07T03:20:24.074-07:00Hi Chris,
with reference to Sugar, why are you lo...Hi Chris,<br /><br />with reference to Sugar, why are you looking for a long signal ?<br /><br />The bearish factors I see are:<br />- Bearish trend<br />- The POIV is making (marginal) new lows<br />- CoT synthetic is bearish<br /><br />the only positive factor I can see is seasonality. But as Larry Williams says, that is a "tie breaker".<br /><br />thanks<br />AlexAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-27784316.post-3474017918577345742011-10-07T02:40:08.197-07:002011-10-07T02:40:08.197-07:00Gasoline is the strongest of energy sector. Seems ...Gasoline is the strongest of energy sector. Seems to be setup to test last high. Although, excited trading with a min. risk factor here. Lower low thereafter can be imagined.<br /><br />AlainAlainhttps://www.blogger.com/profile/14485268416969234840noreply@blogger.com