Short Hog Spread entered 1-22-15. $480 profit, $990 margin. What an extremely sharp move after a crossover deep below overbought range, right before a huge day on 1-30-15. I wish I could say that I rode this all the way up to it's top but I had a nice little profit at 10.875 and exited when it leveled off after it's strong open just over 11.000. Looking at it now, a trailing stop using the last 14 days Average True Range, which was .6220, I would've given it room to do it's thing and captured it's peak right at close, but that's $250 worth of wiggle room, and it could've gone against me too. For those of you tracking me, this was the recommendation I emailed out on 1-22-15. Trade 4212, 15/15 years profitable, $681 avg profit, which we caught 70.4%. But this is a spread that's been profitable historically for the next 17 days, until 2-19. So I'll be looking for a dip to do it again. Will you be with me?
PRK1! trade ideas
Chasing the HogSwing failure in proximity of the 1/1 bull Gann line. The market is poised to move lower. Target on the down sloping ML. Large speculators are holding extreme long positions and might start to liquidate soon. Notice also that all the livestock sector is at historical highs and is showing signs of reversal (see LEZ and GFX contracts)
P.I.G. reversalWell, here it seems that we have finally reached a top. The Lower low on Tuesday (01 Oct 13) should be followed by a lower high at this point. If today high is confirmed as a pivot point the price is poised to move from the 1/1 Gann line to the 2/1. Target is 83.000.
Clip from Animal House!
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Hogs trapOn 14 Aug 13 price crossed the 87.000 resistance, touched the upward sloping 1//1 Gann line but two days later pulled back inside the 83.000-87.000 'rectangle'. It's a sell with first target 83.000 (rectangle base) and second 80.000 (longer term target). Seasonal trend usually bear.
Movie clip
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Hogs feel betterGot stopped in my first attempt but I'm re-entering a short here. Hog are at historical price highs and from a seasonal point of view they are typically weak till late October. Hogs have reached resistance at 99.500-100.000. Price action over the last few days suggests that a reversal is in place. I expect a quick fall during the next 2-3days back to the 1/1 Gann where another reaction could take place.