Classic Geometric Patterns and Narrow Range Setups
- Thread starter inandlong
- Start date
the chart below is a seasonal chart of Dec Hogs. the hogs exhibit some of the strongest seasonal tendencies of anything i've looked at
a seasonal chart just shows where price typically is within the "range" of contract prices
this year has not been typical per say, in that the recent highs have also been contract highs (typically they come in May). still there is a strong downward bias during the month of October, 14 out of the last 14 years is pretty strong . . .
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=599807>
a seasonal chart just shows where price typically is within the "range" of contract prices
this year has not been typical per say, in that the recent highs have also been contract highs (typically they come in May). still there is a strong downward bias during the month of October, 14 out of the last 14 years is pretty strong . . .
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=599807>
I had already sold some calls several days ago at 1.05, so to say that I "caught the move" on BRCM would be lame. I covered the Oct 30's today at 35.
The price action of the chart after I posted the 'opportunity' reminds me of a signature that Zentrader used to have... "the first move is a fake." This happens so much, in fact it was the main premise of the method I used to trade the spoos when in the pit during the late 80's.
Lol, of course that was way back in the last century.
The price action of the chart after I posted the 'opportunity' reminds me of a signature that Zentrader used to have... "the first move is a fake." This happens so much, in fact it was the main premise of the method I used to trade the spoos when in the pit during the late 80's.
Lol, of course that was way back in the last century.
hogs continue lower, limit down again today
somebody is pounding the hell out of them, shame on you guys . . .
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=605536>
P.S. - limit moves don't happen very often in the financial stuff - index, bond, currency - but they happen quite often in the hogs. there is an interesting rule concerning the implications of limit moves called the Howe Limit Rule. info about it can be found at the Moore Research Center website
somebody is pounding the hell out of them, shame on you guys . . .
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=605536>
P.S. - limit moves don't happen very often in the financial stuff - index, bond, currency - but they happen quite often in the hogs. there is an interesting rule concerning the implications of limit moves called the Howe Limit Rule. info about it can be found at the Moore Research Center website
today another fine example of Howe's Limit rule playing out, limit up day on Friday
then back under the influence of the seasonal bias
lots of fireworks in the hogs, anybody wanting more volatility in the markets sure ain't trading this one
limit down today
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=609339>
then back under the influence of the seasonal bias
lots of fireworks in the hogs, anybody wanting more volatility in the markets sure ain't trading this one
limit down today
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=609339>