Those hogs really seem like you....=) ** Ok, even though I am extremely late to the party I have decided to open a February contract position on monday. Will post details and reasoning behind this entry as soon as I am filled. Cheers !
To answer 2 pots with one reply . . . For B1S2 - no, pattern recognition isn't a consistent tool I hang my hat on in trading. Flags work occasionally and I like to profit consistently. I don't see a profitable correlation there. OP007, my targets were and are 62.450, 62.900, 64.200, 64.400, 65.825 & 65.850. Two down and 4 to go. I'm long @ 61.000 and my current stop is 61.900. I'm about as conservative as you can get when it come to the ag commodities. I don't take a lot of trades in these arenas but the ones I do take are what I call "No Brainer trades".
Filled. Stop below 66. Barring being stopped out or anything out of the ordinary, holding till spring.