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29

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.

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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