MURICO.com Forum

Re: DH, I have 1 regret------
In Response To: Historical Observations - - - ()

with my catch this morning. That is, if you were the person buying my sell @ 69.65. I had no intentions of selling you a "donator" but like you said a guy has to do, what he has to do. I expect it didn't do much harm anyway, no more than we expect each time we pull the trigger.

April hogs have lost the up momentum but maybe only temporary if it can quickly get back to 70.00 or at least close the day above 69.70. At this point I have to bet on the down momentum winning the battle to end the day, simply because the down pattern is not complete until it gives a test of the newly marked target @ 68.75. I started with Plan A to take profits on 1 @ 69.25 and let the other ride until mid day. After the first hour I gave into the Prime Directive's screams of "keep what you have" so I compromised and decided on Plan B----cut the 2nd one loose @ 69.25 and scalp out on a bounce to resistance @ the 69.60 area and pull my Damage Control down to 69.77. Plan B has now been set in motion and I wait to see if Damage control takes me out or if the 68.75 target gets the call. Either way, I go home in a good mood-------unless my new set of fishing lines setting @ 69.10 get triggered. At that point I have to bring Plan C into the mix-----and I don't have Plan C completed yet. I have 15 minutes to get it completed or I have to install mechanical survival tactics of 30-40 cents risk. I hope the phone don't ring to mess with my focus I need at the moment.

Messages In This Thread

Historical Observations - - -
Re: Historical Observations - - -
Good Morning, Dewey. I - - -
Re: DH, I have 1 regret------
The buy at 69.65 worked out fine but - - -