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Catching Big Waves - a trader's journal of surfing the the markets


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Catching Big Waves - a trader's journal of surfing the the markets

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  #1091 (permalink)
 Silver Dragon 
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GaryD View Post

Of the 8 markets I am watching, I was actually most drawn to Corn a couple days ago, but not sure I like the idea of potential limit up/limit down (I don't even know what that experience would be like), so the next favorite pattern was in 6B.

.

I traded corn at one time... Watch the overnight spreads and liquidity. Depending on the weather it can very seasonal type of trade, meaning it may go through a period with very little movement. This makes indicators almost useless.

It tends to spike more on news compared to other instruments. Thus the limit up / limit down.

Overall, I liked trading corn (would do it again) but it can burn you quickly if you are not paying attention.

SD

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  #1092 (permalink)
 GaryD 
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Silver Dragon View Post
I traded corn at one time... Watch the overnight spreads and liquidity. Depending on the weather it can very seasonal type of trade, meaning it may go through a period with very little movement. This makes indicators almost useless.

It tends to spike more on news compared to other instruments. Thus the limit up / limit down.

Overall, I liked trading corn (would do it again) but it can burn you quickly if you are not paying attention.

SD

Yes, I have read enough about it to know I know nothing. Traded it in sim a couple times.

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  #1093 (permalink)
 GaryD 
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Not seeing what I think I would like to, and have not traded 6B enough to take a weaker stance. There was a lot of volume that came in at minor resistance, and yesterday's move could be enough to bring about consolidation today. Watching the ES on another computer, it is not as frisky as it was yesterday either.

I am going to leave for Miami. Zero trades for me today, possibly no more until next week.

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  #1094 (permalink)
 greenr 
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Hi GaryD loving the thread, very intresting approach

Just a few questions, what is the indicator you are using here?



Have been looking into your approach and method this morning, while iv had some spare time

took 2 nice trades



Are all the trades on your jounal on a live account?

and also whats your reasons for moving over to 6B

regards

Ryan

 
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  #1095 (permalink)
 GaryD 
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May wait a few minutes...

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  #1096 (permalink)
 GaryD 
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closed for 8 ticks. done

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  #1097 (permalink)
 mfbreakout 
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intra day- Once price pulls into OR after an A up or A down- it is typically a MESS as shown by days price action. Does not mean there are no trading opportunities- all it means on days like today trading requires lot more effort and LUCK. Break down of 102.40 into euro close was not with much FORCE but I still plan to follow the PLAN.

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  #1098 (permalink)
 mfbreakout 
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end of day -1-04-2012

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 Big Mike 
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Just a reminder to keep things simple.

And get rid of the PRC



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 Big Mike 
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greenr View Post
Hi GaryD loving the thread, very intresting approach

Just a few questions, what is the indicator you are using here?

Attachment 58612

PRC - Polynomial Regression Channel, many versions here on futures.io (formerly BMT). A more or less worthless indicator in my opinion, as it repaints like mad and encourages people to try to pick tops and bottoms which is bad, bad news. Just my two cents... Not meaning to step on @GaryD's toes.

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