back start next
[start] [1] [2] [3] [4] [5] [6] [7] [8] [9] [10] [11] [12] [13] [14] [15] [16] [17] [18] [19] [20] [21] [22] [23] [24] [25] [26] [27] [28] [29] [30] [31] [ 32 ] [33] [34] [35] [36] [37] [38] [39] [40] [41] [42] [43] [44] [45] [46] [47] [48] [49] [50] [51] [52] [53] [54] [55] [56] [57]
32 . sen i. sell E- + • I I I I 30 31 3 1 5 1Mb.....r I I J J [ I I J I j j 6 7 IG 11 IZ 13 17 18 ig ZO ZI ZS The Ofjfining bar the nexi day brought another day o( correcLion. I connected the iwe lows. 1 also placed an order to se I both a breakout of the ow of the correcting bar and the Ross hook. f.. sell sell llll 3031 3 4 5 6 7 10 11 12 13 14 17 18 13 20 21 25 An inside doji bar was not nnuch help, other than allowing n-ie to identify a Ross hook and connect a line across the lows of tfie correction. I now had two corrective bars, I moved rny sell order up lo below the little doji bar and waited for furtiier dtvelcpments. B94 BOO BBZ B76 B7G B64 058 052 046 840 034 BZ8 BZZ 16 010 001 738 752 7G6 780 771 768 76Z 756 750 744
i \ I 331 5 6 V 10 11 12 13 17 IG 13 20 21 25 was long a ten lot m 861 wtien prices took out the Ross hook Average volatility was high enough that 1 used a 10 point stop and a 10 point liquidation objective. BOG 882 876 B70 B61 858 B52 0% BIO 822 B16 810 B04 79B 752 786 780 768 762 756 750 741 SB 60 niMUTE 7 10 11 12 13 14 17 rj 20 21 25 Neither stop was filled going into Itie doji closing bar. Just prior to the close, I decided to spread the trade off against 5he March contrac; d only to give the trade more tirne. I was down 3 points at tfic closer ft cos! nie another $250 to tind out wfiat voufd happen tonmrruw. 882 B76 870 B64 B5G B52 B46 B40 EJ34 a2B B22 016 DIO 04 799 792 706 774 768 762 756 750 741 The inside doji had made another Ross hook, so I would place a bLiy Of(ier there, too, if the market didn: go against rne ovcnight.
SB ttinUTE 6G 31 3 4 5 ? 10 II 1Z 13 17 18 13 20 21 25 28 894 888 2 876 870 864 858 052 816 D40 []34 828 822 816 810 D04 790 792 786 780 774 7GG 762 756 750 714 J- J 894 688 682 876 870 664 858 B52 646 640 634 2 822 816 BIO 604 798 792 7 6 780 774 768 762 756 750 744 31 3 4 5 1 10 11 12 13 14 1? 18 19 20 21 25 26 Next day, Ihe market operisd h[gher moving up to 873 on the opening bar. f waited on ptns and needles while f)hces traded dovo and away from die open, i dropped the short side of my spread when prices tratied hack through (he 0)en. I was abfe to cover costs tor rity ten lot witJi three contracts. J liad a sifrplus of t8G- J moved my protective stoi to breakeven at 36 Prices pushed higher, I vas able to cover costs on my five lot, and pulled all stofis to 872. Now everything was in a profiinbtc position. On Ihe wa/ to 873, tiie market filled my buy order for a five lot on breakout of tiic Ross hook. [ was long at 868. f placed a stop loss at 8G1 vviifi the stops for the seven contracts I had left hom my ten lot. Because average volatiJity was up. my cost covering nhjcctjve was twelve point,, or one contraci at 880.
[start] [1] [2] [3] [4] [5] [6] [7] [8] [9] [10] [11] [12] [13] [14] [15] [16] [17] [18] [19] [20] [21] [22] [23] [24] [25] [26] [27] [28] [29] [30] [31] [ 32 ] [33] [34] [35] [36] [37] [38] [39] [40] [41] [42] [43] [44] [45] [46] [47] [48] [49] [50] [51] [52] [53] [54] [55] [56] [57]
|
Menu
