MURICO.com Forum

New buy signal for Oct hogs

I'm back to holding a 3rd long position @ 67.25. My damage control is still sitting at break even. I would like to see a quick round of weakness to retest support at 67.40-67.60 before it goes after the marked target @ 69.50. That's probably asking too much since I had a hard time holding onto any longs at the 67.20 area with new buy signals. It makes more sense to stop me out with a retest of 67.00 before it goes higher.

Or the market teases me by going to 69.00 then a round of weakness to make me add another at 67.70 for what should be support but fails and then stops me out of 2. I can't help the negative attitude of thinking the market is out to get me. That's because it HAS, so many times. The correct approach, is to leave it alone until the correct parameters for my fishing lines set up. Well, they did with the break of 67.85 but I had already packed up my fishing gear, thinking the close would be back down at 67.75-67.80 but instead I got a new buy signal and I normally I would jump on it where it closes. I usually can't resist a new buy signal but today I was doing very well with my feeder cattle positions and they had captured most of my focus.

It will be interesting tomorrow, to see if the hogs them their nose at the buy signal or run with it. I have 3 longs that I can manage whichever direction it decides on going tomorrow. If I get greedy and try to force another position, it could mess with my process. the Prime Directive just gave me orders manage well what I have and don't bother to mess it up with more than my anxiety meter can handle. If it goes to target I won't make that much more deposit with 4 as I would 3. That extra contract could prove to be too much weight for me to carry if the market decides to pull a fast one on me.

I hope I wake up in the morning still able to find this thought pattern because I have had times early in the morning where my thought process was opposite to 12 hours prior. I am not a morning person and my mind is certainly not hitting on all cylinders until it has a couple hours of warm up time. We all have our CROSS to carry, but I seem to have plenty of crosses to pick from. Don't take it wrong, I'm not complaining, I've learned to embrace the crosses I've been blessed with, they have and continue to make me a better person. I just have to remind myself that they are still there or I will ignore them. That is when I find my old friend Trouble creating another mess. I've gotten off the subject, I think its time to head home.