MURICO.com Forum

Another good day of fishing

and the upside door has opened. Are there still any hungry fish on the north end or will the south end be screaming "feed me"? Being a terrible guesser, I'm forced to stay with the open door and up momentum until that door slams shut. That's what damage control is for------to keep from getting my fingers slammed by the door. I made a deposit of 1.90 on my catches for the day and find myself holding 3 long positions rather than the 2 planned for at the start of the day. Holding a 65.05, 66.20, and the unplanned 67.20 which is another closing buy signal(not confirmed until the second close above 67.20). I dared the market to take me out of it with my damage control still working at 67.05 which may still happen.

At the moment, it looks as if I have my Bull Suit ZIPPED UP. Damage control will determine whether I keep it on or get another quick change routine like yesterday. My Damage control guidelines for these situations is very valuable in these quick change situations to make correct choices for which suit I need to be changing into or not. Damage control, 1 line set at 67.05, 1 line set at 66.65, a reversal line for a pair at 66.32 that will require attention if triggered. Will hang onto my base long @ 65.05 until the breakeven stop is hit. This plan may change by the time afternoon trading stops but I assuming there won't be much change.

Sometimes the unexpected happens late in the afternoon but prefers to happen the first hour of trade. The problem seems to be with my unexpected, being other traders expected. Guesses seem to get a curveball thrown at them, so until the momentum direction kicks in, I have to assume my guesses are hallucinations.