MURICO.com Forum

Re: No and Yes-------
In Response To: I see the - - - ()

let me explain. The biggest problem with fishing is the same problem as with technical and cycles-----all 3 are an art form and not scientific addition and subtraction. Some days those fish like to mess with my mind as it does with all traders. Today was such a day and forced me to lower my Damage Control after taking too much time to give me a deposit. So that first pair of suckers gave me a 32 cent loss on each one. The bounces that handed me a Donation Card also took on a bear flag type of bounce with three 60 min bars which gave me conviction that I might get the opportunity to get my donation back at the end of day if it managed to break below the 60.00 support area again.

I had another fishing hole for my south lines. The market gave me plenty of time to calculate the possibilities. My original 2nd deposit targets were still in place waiting for a kiss if 59.87 was broken as the trigger. Threw my lines out @ 59.97 and waited for down momentum to be triggered again with deposit orders @ 59.65 and 59.55. The dinner bell rang when the Prime Directive was screaming "CAN THE ORDERS"! Too late, I snagged something as I threw out Damage Control @ 60.40 for an anticipated 2nd donation which I knew the Prime Directive would give me choice words for being so foolish----2 donations in one day, that's a no-no. I had no other choice----down momentum had been triggered and the first pair should not have been suckers. They failed to trigger my 3 bar buy signal and restarted a late day move to retest bottom support. Should carry through to tomorrow-----I was reminded that I don't have a crystal ball----so I'm content to get my donation back in my account.

Tomorrow is a New Day, New Ball Game, and last but not least a New FISHING HOLE!!!

Messages In This Thread

Caught a pair of slippery ones-----
If I have followed you correctly, ITZ, - - -
I see the - - -
Re: No and Yes-------