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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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