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37

The second bar had a higher low and a higher high. I started my count

When The next bar made a higher low and closed on its highs, I upped my count.

SP 5

37749

37725

377 IG

376 5

37680

37665

37650

37635

37620

37605

75 0

37575

37560

37545

37530

37515

375G0

374B5

37470

37455

37440

37425

37410

37395

37380

37365

The next bar made a higher low and closed on us htglis. I upped niy

coufit.

SP 5

3 0

3774G 37725 37710 376 5 376GQ 37665 37650 37635 37620 37605 37590 37575 37560 37545 37530 37515 37500 374B5 37170 37455 37440 37425 37410 37395 373B0 37365



[! of sudden, pnces feafly started clinihing. The next bar gapped open, and took out a good part of xUe previous days trading range. ] pEaced an order to buy just above the high.

SF 5 HINliTE

buy

37710

3772

37710

37535

376D0

37665

37650

37635

37620

37605

37530

37575

37560

37515

37530

37515

3750G

71 5

37170

37155

37110

37125

37110

37395

373g0

37365

1 was filled at tho open wilh a twenty-five lot. The piice was 37575. Since I can cover costs with $150. and liie S&P almost always gives me a two tick move, I cashed five contracts at 37585 to cover costs and put me ahead in the trade. I had S350 !ess the SI 50, which gave me the mental satisfaction that hcl[)s me to trade the S&P. fVly stop loss, which had been 5250 per contract away, was pulled up to break even as the bar closed.

iike to sian my trading on a positive note. One way lo do it is to be happy wilh two ticks (10 points! in the S&P.

.1 I

37710 37725 37710 37695 376bg 37665 37650 376: 37620 37605 37590 37575 37560 37515 37530 37515 37500 37105 37470 37455 37440 37425 37410 37395 373 0 37365

2 30



Prices continued to climb, but began to slow down as they reached the highs of yesterdays trading range. I riioved my stop up to protect half the unrealized profits in the trade. My stop was at 37645 to protect 70 points,

SF 5 HIMUTE

The next price bar was an inside reversal bar creating a Ross hook. Sifice I had enough room to cover costs on a breakout of this bar, 1 placed a buy stop for a fifteen lot above the correcting bar a: 37505 and a tet\ lot above the hook at 37715, and pulled ny stop ii[) to just under the low at 37650, The point of the hook was 37710.

3 G

37740 37725 377

37695

37686

37665

37650

37635

37620

37685

37590

37575

37560

37S45

37530

37515

37500

374B5

37470

37455

37440

37425

37410

37395

373B0

37365

SP 5 MIMUTE

V

4 I

3 0

37740 37725 37710 37595 376B0 37665 37650 37635 37620 37605 37590 37575 37560 37545 37530 37515 375G0 37485 37470 37455 37440 37425 37410 73 5 37380 37365

:3 3



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