MURICO.com Forum

Re: I had doubts about my 69.40 target

but had to play it by the book for the first 60 minutes. Fishing lines snagged a pair @ 68.77, set my damage control @ 68.35 and turned my focus back to the FC on a pair of shorts that needed close attention. Was very surprised when I heard an order fill 15-20 minutes into the trade. I figured it was my feeder stops or somebody elses order and was surprised that it was my hogs. actually I didn't play it by the book, I was very willing to cut both of them loose with a 62 cent profit.

I just don't trust 69.50 to hold without a retest of the 100 day @ 68.07. Although it may have to hit the downtrend line off of the chart highs @ 70.45 the next 2 days before the 3 day weekend. I am going to start banking my profits on my 3 longs before the weekend. that's a good chunk of change from where it sits at the moment. I've worked very hard and out in a lot of time trying to ride the first one, then adding 1, trying to stay balanced on two, and then that 3rd one shook me off a few times but I managed to keep climbing back on. Doesn't always reward me with a $1200 deposit average and silly me, just for the challenge, I'm gonna take the anxiety route to see if I can walk away with an extra $400/contract.

I have had times when I've made good with scalps as the market levels out at the top to set up a roll over for 3-5 days. Better yet, it would not hurt my feeling if it went into a sideways trade for 2 weeks between 67.00-70.00. That alone can produce good fishing PROFITS while the top pickers try to figure out why the market isn't crashing. The top picking process can actually be more lucrative with less anxiety for fishing than trying to ride a rally bias on 3 contracts to what I think is the projected target.

Gotta protect my cargo so I have a pair of south end fishing lines set @ 69.05 which may be adjusted as each hour passes.

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The final Purchase Index for - - -
Stopped out!! *NM*
Re: I had doubts about my 69.40 target