MURICO.com Forum

My Screamer Cattle setup-----

finally proved to be Reality. Might be done and over with this one day drop to my first deposit target @ 114.50. I've been in this trade for 2-3 weeks @ 118.10-118.40 for myself and several hedgers. Most of my hedgers were Star Gazers and wanted nothing to do with a hedge until today. I was about ready to throw in the towel due to the cattle markets ability to trade sideways long enough to have me thinking I might be wrong. Just too many bulls causing confusing thought patterns for me. The cattle market is good at doing this sort of thing.

My sell signal trigger @ 116.00 to add a 3rd gave me enough conviction to put my deposit orders @ 115.00 and 114.50. I didn't want a Turn-Around-Tuesday(that the cattle like to use) ruin todays opportunities. It's been a long tiring wait.

I have bigger problems to deal with now-----I'm not sure what to do with the hogs since I haven't been able to pay much attention to them the last 3-4 days. They do have a nice setup for a potential extra $2 break to test potential support at 55.00 after a Turn-Around -Tuesday bounce. There's still 2 weeks of potential negative cycles to deal with.

Messages In This Thread

My Screamer Cattle setup-----
Re: My Screamer Cattle setup-----