tag:blogger.com,1999:blog-27784316.post6631112126435503690..comments2023-09-06T03:23:43.027-07:00Comments on I AM A FUTURES TRADER: Chris Johnstonhttp://www.blogger.com/profile/01542415946929766288noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-27784316.post-86841536291621933672011-10-27T06:32:26.926-07:002011-10-27T06:32:26.926-07:00Chris,
think you wrote this article for me:) than...Chris,<br /><br />think you wrote this article for me:) thank you. Sometimes, it is important to sit back and analyze the situation. The only one to blame is myself.<br /><br />We had a PXY IDX short sign on N'Gas suggesting little lower prices. Target shooter suggests prices around 3.45.<br /><br />Same short signs in coffee & copper but obviously no entry (yet).<br /><br />Just amazed where indices and energy are going. POIV problem remains. Sentiment sales on ES, NQ, Russell. Dow seem strongest. Taking out this week's low on closing basis may be meaningful.<br /><br />AlainAlainhttps://www.blogger.com/profile/14485268416969234840noreply@blogger.comtag:blogger.com,1999:blog-27784316.post-20319300798638218172011-10-26T12:59:13.446-07:002011-10-26T12:59:13.446-07:00I think we are already in one or the last one neve...I think we are already in one or the last one never ended. Only government number doctoring makes the numbers look like a recoveryChris Johnstonhttps://www.blogger.com/profile/01542415946929766288noreply@blogger.comtag:blogger.com,1999:blog-27784316.post-64404291902847998362011-10-26T11:07:27.492-07:002011-10-26T11:07:27.492-07:00Hi Chris:
Back on Sunday you said:
>>One o...Hi Chris:<br /><br />Back on Sunday you said:<br /><br />>>One of the reasons I am a short term trader is being exhibited by the stock market right here. It is so difficult to pick the exact low, and if your success requires you to do that, your results are going to be mixed. When you miss a major low like the one we have just seen, you find yourself in a very tough spot as to where to "get in." As a long term investor you cannot afford not to be in, so you have to chase it. As a short term trader, it is just another trade and there are plenty of other markets to play in if you miss one somewhere. I miss trades all the time, and I have missed this one, or have I?<<<br /><br />I am wondering that any long term investor chasing the risk market now is in danger of chasing over the cliff:<br /><br />http://one-salient-oversight.blogspot.com/2011/10/us-recession-indicators-october-2011.html<br /><br />The article on this blog about negative 10 year Treasury bond yields and the fact that recessions have followed negative 10 year yields in every instance since the 1950s is a caution in forming the definition of “long term investor.”<br /><br />Thanks, <br />jshaef1Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-27784316.post-29725513419072915362011-10-26T08:03:50.166-07:002011-10-26T08:03:50.166-07:00Steve I completely agree with you. My logic is tha...Steve I completely agree with you. My logic is that if I make the decision to do the trade based on daily bars at night, why would I then watch intraday swings of that same market.<br /><br />I have found over time that I need to get out of my own way some times. I tend to get in my own way when I babysit something too closely.Chris Johnstonhttps://www.blogger.com/profile/01542415946929766288noreply@blogger.comtag:blogger.com,1999:blog-27784316.post-86947969202885233952011-10-26T07:40:57.042-07:002011-10-26T07:40:57.042-07:00Congrats on your interesting blog, I like the way ...Congrats on your interesting blog, I like the way you put things into perspective, always very helpful in the trading field..<br /><br />I would like to emphasize the importance of being consistent with the time frame applicable when entering the trade. When I followed up swing trades intraday, more often than not, found myself cutting a losing trade or taking a profit, just to notice afterwards the market reversed or continued its way. So now I try to only review those trades only at the end of the day (but it's difficult, I'm curious about it :)<br /><br />SteveYveshttps://www.blogger.com/profile/16350776576961497445noreply@blogger.comtag:blogger.com,1999:blog-27784316.post-43093052773910121482011-10-26T05:36:49.143-07:002011-10-26T05:36:49.143-07:00The orders are contingent orders, in Coffee, OCO s...The orders are contingent orders, in Coffee, OCO straddling the market, and in the case of add ons on retracements, they are order triggers orders types of situations.<br /><br />Genesis platform allows for both when it interfaces with PFG. I also set alarms so I know when they are triggerred on the add ons, I don't do that on the OCO stuff like with Coffee.Chris Johnstonhttps://www.blogger.com/profile/01542415946929766288noreply@blogger.comtag:blogger.com,1999:blog-27784316.post-8430526484799864572011-10-26T04:14:39.048-07:002011-10-26T04:14:39.048-07:00Chris
When you enter orders as you did in coffee -...Chris<br />When you enter orders as you did in coffee - some at the target and some below the prior day's low-are you using GTC oreders or just Day orders. Also how do you handle the unfilled open orders when one side is stopped out when you are not watching the market all day long whihc you seemed to indicate in Tuesday's Blog. <br />Thanks<br />Don in VirginiaAnonymousnoreply@blogger.com