MURICO.com Forum

Re: Running the stops is------

the catalyst that makes fishing work or hands me suckers. The typical Stop Runner Challenge will produce a 50 cent to 1.00 move before it runs out of gas. If its a sucker, it will struggle to get a 30 cent move off of the stop trigger. I watch for the previous congested support before the stop trigger for my Damage Control trigger. Typically that for whatever reason, tends to be 40-50 cents below the Stop Runner trigger. If I'm unsure of obvious Damage Control placement, I use the mechanical 40-50 cents because of the high addiction factor. Same goes for 1st deposit orders. When the Stop Runner Challenge start growing beyond a $1 it's a fairly good indicator for me that I may be playing with a Big One that is fed by panic stops. Nobody likes to give back hard earned profits.

I didn't have a clue for what to expect other than my hallucinations for some profit taking. So the north lines went out @ 59.30 and the south lines @ 58.12 and first deposit orders for a 30 cent profit in place on both ends as I waited for the open. North lines got hit so my 2nd deposit order was placed @ 59.95 right after I put on Damage Control. For awhile I thought I had turned loose of a Big One. I started watching the 15 min chart trying to talk myself into grabbing another long @ 59.30 but had my focus interrupted with other responsibilities. When I got my head back into fishing I couldn't resist the setup for a counter reversal based on the failure to go below the 9:00 low @ 58.72. So my fishing lines were back out @ 59.30 for the second time today and also the second time for the 59.60 1st deposit.

Now I'm waiting for my second deposit on my second catch @ 59.95 for the second time. I really think and want to hold it for a retest of todays 60.20 high but the Prime Directive gave me no choice but to stick to the fishing guide rules and pulling Damage Control up to break even. When we get to the last hour of trade, I have to just take whatever profit I'm sitting on-------if any.

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It might be that stops were being run on - - -
Re: Running the stops is------
Thanks for sharing your insight to - - -