MURICO.com Forum

My courage from yesterday-----

had promise for awhile then started to turn to anxiety, forcing me to move my stops up to make sure I got a deposit. I can't complain with 60 cents of profit on that pair-----since my courage guesses tend to give me donations. I am a little frustrated with the close looking to be high enough to trigger a buy signal for me, if it's above 68.15. North and South fishing lines will be working tomorrow.

I do lack the courage to buy at the open off of a potential buy signal. If my north lines get hit @ 68.92 they could be suckers, since there is still heavy stopper resistance at 69.00 and 69.30. If I pass on setting my lines because of the stopper resistance------it will blow through 69.30 and plant a kiss on 69.50. So my Rules of Engagement leave me no choice but play the game by setting my lines and when/if the Dinner Bells ring----quickly set my mechanical Damage Control stops in place and wait to see what happens.

Similar type of arrangement for my South lines-----trigger point is 67.67 but 67.50 could prove to be support. Needs to break below 67.25 to pick up any clue of down momentum but 67.00 could quickly force it back up to 68.00 to trap everyone in a confused $2 sideways range. Oct may not make a decisive move until Aug goes off the board but it does appear to me, if Aug stays at the 84.00 area into expiration-------the door is open for Oct to make a jump to-------72.00. The wild card------it has to break the 69.50 resistance barrier. Will it do that-------your guess is as good as mine but I am rooting for that to happen-----so are my producers but I'm being very careful to not make them any promises.