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Position Traders and When to Execute Trades?
By:Pete
Date: Sunday, 26 December 2004, 10:27 pm

I just have a few questions for those that are position traders of the commodities markets that use the daily, weekly, and monthly charts for trading decisions. Considering the charts for position traders are based on end of day data does this affect a traders ability to safely enter or exit the market the following day? A long term trader can get a buy signal on a daily time frame but the next day when he calls to place the order the day traders are bringing the price up and down sometimes even past the previous days high or low. Is there a certain time of day that is advantageous for long term or position traders to call their brokers to place an order to avoid getting caught up into the noise of the intraday traders? I hope I am making sense here. Would you say that a position trader that depends on EOD charts should look at intraday charts such as 15 or 30 minutes or 1 hour time frames to safely enter or exit trades?

Messages In This Thread

Position Traders and When to Execute Trades?
Pete -- Sunday, 26 December 2004, 10:27 pm
Re: Position Traders and When to Execute Trades?
Dino Dave -- Monday, 27 December 2004, 10:20 am
Re: Position Traders and When to Execute Trades?
Erich (vendor, CTA) -- Wednesday, 29 December 2004, 4:47 pm
Re: Position Traders and When to Execute Trades?
Pete -- Wednesday, 29 December 2004, 5:28 pm
Re: Position Traders and When to Execute Trades?
Erich (vendor, CTA) -- Wednesday, 29 December 2004, 5:44 pm