Live Cattle - Top ?

Handle123 said:
I am still short Live Cattle and Feeders added more in Aug 3 area, I keep buying Lean Hogs, hedging keeps me from having too much of losses. Earliest I can buy Live Cattle is 102 but am thinking it might break May 2011 lows, and Feeders needs to get to 125.45 might go down lower June 2011. So am staying short Beef and long oink oink.
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What I think goes into "Dumb Journal" and I trade system rules, today's low hit exactly 102.00 and started to get out of shorts and reverse into Longs in Oct Live Cattle. I know it was above 170s where I got short eventually after 5-6 tries and got long ave of 102.35, certainly didn't get 70 cents cause rollovers, but had several added short signals that didn't get stopped out, plus spreads, so another completed trade and might take months to find the lows. Am still short Feeders. Am hedged on the longs. Yahooooooooo.
 
Handle123 said:
What I think goes into "Dumb Journal" and I trade system rules, today's low hit exactly 102.00 and started to get out of shorts and reverse into Longs in Oct Live Cattle. I know it was above 170s where I got short eventually after 5-6 tries and got long ave of 102.35, certainly didn't get 70 cents cause rollovers, but had several added short signals that didn't get stopped out, plus spreads, so another completed trade and might take months to find the lows. Am still short Feeders. Am hedged on the longs. Yahooooooooo.
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Well, since Sept, and just like the shorts 2 years ago, took me one more try to seven tries of finding a bottom, but whether it is a bottom... I still need feeders to go much lower before considering a Buy on them. I plain get tired of posting same trades of buying new lows or selling new highs, doesn't that rocket specialist to look at dailies then intraday chart looking for divergences in volume and price to find best places to get in for another long term position. Hedged open profits on Wednesday, expecting pullback, hoping for deep enough pullback to 103 area and add to existing position.
 
Oh man. This thread is reminiscent of the good days of ET. The days when we could actually share views on the market without it turning into a battle over ideologies.
 
Most likely so few of people trade Live Cattle, Feeders, Live Hogs, Sugar, Orange Juice, Rough Rice and when you have less interested in it, you are left with those who trade them.
 
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