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30

sa

SD 60 mnuTE

n

Ill t !

ZB Z3 30

6 7 11 12 13 11 17 19

076 B64 858 852 846 840 34 G20

B16 BIO

G04 798

792 7G& 7D0 774 768 762 756 750 744

1

24 28 23 30 31

1 10 12 13 17 IB 19

BOB BBZ 676 B7G 864 858 852 846 840 834 823 822 816 810 804 7 79Z 7B6 7Q0 774 768 762 756 750 744

When prtccs opened atiQve my buy point but were stitE within yesterdays price range, ] decided to enter tiie nriarlcet at 875 d given the chance. That meant I would try to enter if prices traded back up tiirough the previous bars fiigti.

I have to admit I was flushing tfiis trade, but I didnt want to niiss getting in earJy on a breakout of tfie Ross hook in tlie event it took place.

Average volatility was stiii greater than I was wiliing to risk on the trade, so I placed rny cost liquidation objective at 875, and my stop loss at 865. Piictis went on to a iov of 868, so I fiad to hold my breath fof awhile.

The next price bar brought vindication as prices moved up and closed at the high. I was able lo liquidate three contracts and made $86.00 over costs. I moved my stop to 881 to protect six poinis ol profit.



2S 30 31 3 4 S

7 10 11 12 13 14 17 18 19

94 DB8 2 876 870 864

52 46 40 34

822 816 810 804 79 792 7 6 7 0 774 76 7&Z 756 750 744

11 I I I I

72W 29 30 31

>1

:,.]

-<

876 70 664

52 4 40 34

816 810 004 7JO 792 7 6 700 774 768 762 756 750 744

7 10 12 13 14 17 IB 19

When \\ next price bar opened, t was soon filled a five lot on my Ross Hook breakout ai 890. This proved to be (he high of that pnce bar. I hate when 1 get filled by one tick and then prices go imnriDdiately against me.

Average volatility was above 10 points, so I placed my stop a( 88b along with my other stop.

I was stopped out of both trades si 881. I had lost 5250 in costs, and $504 in points. Offsetting tfiat was SS6 fron rny first contract set and $470.40 in profits. My net loss this day was $177,60. i dnn4 always win.

When the last bar of the day made a corrective doji, I decidetJ to [jiaee a buy stop at the new Ross hook, as wcsl as at the high of t?.e doji bar as soon as I saw the open.



SB m

SB ce

11 [ 1111111

Z3 3G 31

,,\2

.. buy

3 i 5 6 7 10 11 12 13 11 17 IB 19 20

891 BB8 BBZ 876 870 661 BSO B52 1 810

834 828 822 816 010 801 798 792 786 700 774 760 762 756 750 744

i

1 B6Q BB2 876 870 861 058 852 816 BIO B31

B22 816 BIO 04

790 792 786 7B0 774 768 762 756 750 744

28 29 30 31 3 4 5 6 7 10 11 12 13 14 17 18 19 20

The following day. prices opened lower. Tve shown above what my chert looked like. This was the second bar of correction. 1 would try to buy its high and a breakout of the Ross hook.

I wa.5 filleri a ten foi at 379. Average volatility was runrTing consistently around 12 points. It was stilJ outside the arnourit Im willing to risk on a sugar trade on the sixty minute cfiart.

1 placed my liquidation objective at 88 and roy stop loss at 863.

When this price bar closed lower than ii had opened, 1 placed an order to exit tho trade at trie market. Why did I do that? Because I was looking at {from loft lu right), a reversal bior, a doji, and two consecutive bars that opened fiiyfier than they closed.



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