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Alan:
I absolutely think that often by just changing timeframes, you'll find that when
the maddened crowd runs for the small door, you are there with your position and
the crowd is propelling you on your way to profits. That is certainly how I find
cocoa trading and sugar in most cases. So many traders these days admit how
difficult they find day trading the S&Ps, yet they get up in the morning and
have at it again...Sometimes it's wise to look into all available markets, as
well as consider that while there are profits to be made in one timeframe, there
are certainly other profits to made in other timeframes. And many people that
are day trading miserably might find they have a very good temperment fit for
trading using end of day data or even weekly data.
Best,
Tim Morge
alan myers wrote:
>
> Timothy Morge wrote:
> >
> > I absolutely agree. This is a perfect example of where today's focus on shorter
> > and shorter term trading and charting periods have hindered many
> > traders--Looking at compressed timeframes in some markets makes them nearly
> > untradeable.
>
> As daytrading becomes more and more popular (people who know little
> about it and have no interest in trading have even heard the term and
> asked me about it) should a person take the tennis approach and hit the
> ball to where they *aren't*?
>
> In other words, will the growing popularity of daytrading cause most
> markets to become chaotically untradeable? If so, "position" yourself.
>
> ~Alan
>
> >
> > Tom Lisk wrote:
> > >
> > > << does ANYONE have a mechanical trading system that makes money in
> > > historical backtests on Cocoa futures? Anyone?>>
> > >
> > > Mark:
> > >
> > > I don't trade mechanically but I have found that cocoa and sugar are best
> > > traded using weekly charts. I normally enter for 2 or 3 bars in any time
> > > frame - daily is very difficult with these markets.
> > >
> > > Tom Lisk
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