MURICO.com Forum

Re: DH, my patience is wearing thin

for my deposit targets and once again I spend a day in a defensive mode. For the second time I'm long Dec hogs @ 89.05. The first time I made a 30 cent donation x 4. This time I up 70 cents but half scared to scalp my deposit for fear of a gap higher open on Monday. I feel like I'm being mugged with my hands tied. I guess there are worse things than leaving $2 on the table, I still walk away with a sizable profit if I'm forced to walk away now. My bias for 86.80-87.20 has become strong enough that I probably end up with less than I have if I let stubborn set in. I still believe 1 more drop to target will happen but the market has a way of making me regret my over convicted bias once it turns to stubborn. The market doesn't care what I believe.

Dec hogs have filled the lower chart gaps from back in August. The bear mentality is the popular party so the trap could be setting the stage as I look at a nice launching pad formation being built. the lower gaps have been filled, will the market feel obligated to fill the higher gaps on the Dec chart that were left 2 weeks ago at 93.60. The launch begins with a daily close above 91.40.

Messages In This Thread

The CME component on the kill for - - -
Re: DH, my patience is wearing thin
Re: I'm ok with my forced deposit
Thanks for sharing, ITZ. From the - - -
Re: DH, this was one of those days
Re: DH, this was one of those days
Well, Dewey, I am seeing things the - - -
After the market closed, ITZ, the - - -