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29 ![](img-02/ir023-79.png) I was stopped out ai 856 on my five lot. J had lost a litife more than half of my costs. Of $629.00, The bar that took me out ol i:he trade was a reversal bar. SB 69 1 1. 1 IIIM ?Z Z3 24 ZB 30 31 3 4 5 7 10 U IZ 13 H 17 The close being lower than the open represented a correction, and so 1 placed a buy stop above the high of the har. B7G 865 868 B55 8SG 845 B40 830 8Z5 8Z0 815 BIG BG5 7 5 790 785 78G 775 770 765 760 755 750 74S SB 60 rtlHUTE : 11! N 2223 24 28 29 30 31 3 4 5 6 7 10 11 12 13 14 17 I was filled on a ten lot at 869. Average volatility was still too great, so I placed -, protective stop at 85 and my cost liquidation stop at 87 . As the close neared I decided to hold overnight with a stop in the London iiQfket. Prices had been making new highs, and I felt it was worthwhile to stay with the uade. ![](img-02/ir023-80.png) BB2 676 070 B64 B5S B52 846 B40 B34 B20 BZZ BIG BIG 804 790 73Z 7Bf VBO 774 762 756 750 744 738 732
fa I. li £4 28 29 30 31 3 i 5 7 10 12 13 17 888 8 2 076 0?0 BS2 040 034 010 804 790 792 706 700 771 76D 762 7% 7 744 L.] I I I I 23 24 28 23 39 31 3 4 5 6 7 10 11 12 13 14 17 IB 094 088 002 D76 B70 B64 BS8 852 846 B40 B34 628 622 816 81G BG4 738 792 7B6 700 774 768 762 756 750 744 WKeri tl-ie market opened, I canceled my stop in ihe London niarkel and ater was able to cover costs with a three lot. I pulled rny stop to 877 to protocE a[3fjroximately had the unrealized profit in the trade. Wtien the next bar closed, 1 inched my profit protecting stop up another notch to 873, IS 2 18 3
SB 6 fllHtllE 3 I I 11 [ I 73 20 29 30 31 3 1 7 10 11 12 13 1? in BBG BB2 B76 B70 864 85B B52 B46 B40 834 GZB B22 16 810 804 790 792 7B6 780 774 768 762 756 750 74 60 MlhUTE - A J 2324 20 29 30 31 3 i 5 6 7 IG 11 12 13 14 17 18 4 BBB BQ2 I was stopped out 1 878, Since this was a corfcction bar, I placed a buy stop just above the hiyh and got ready for the last bar of the day. The ast bar of the day was also a correction. I marked hly chart as you see above. 1 would wait for the open tomorrow and buy a E:reakGut th.e hif,]h of the last bar, and also a breakout of the high oi the bar tfiat was tlie poiru of the Ross hook.
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