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39

The next bar opened at 37740, taking out the tweniy contracts I had left from the first trade of this set. That gave me S500 in additionat profits. Prices dipped down to 37730 before they took off for new highs I was able to cover costs on rny fifteen lot by cashing five contracts for a net $100 profit. That Jeft me with ten contracts as prrces closed at now highs for the day.

SP 5

As prices nioved up, I moved my stop to protect halt of the urirealized paper profits in the trade.

SP 5

III I

3 G

37G60 37B4G 37820 378G0 37700 377&0 37740

37720 377130 37680 37660 37640 37620 37600 37580 37560 37540 37520 37500 37480 37460 37440 37420 37400 37383 37363

11,1

IM I

t. lil

37G60 7 40 37820 37800 37780 37760 377I0 37720 37700 37600 37660 37640 37620 376G0 375C0 37560 37540 37520 37500 374D0 37460 37440 37420 37400 37380 37360

3 8



Prices made a double loo aod a doji. I pulEed oiy profit stop to just below the low of the bar.

When 1 saw that prices were going lo close lower than they had opened, 1 called in a sell order to liquidate nil contracts.

SP 5

SP 5 1

stop

37060 37010

37020 37000 37700 37760 37740 37720 3770G 37&B0 37660 37640 37620 37600 375B0 37560 37540 37520 37500 371D0 37160 37140 37420 37100 37380 37360

3 8 3

37860 37D10 37820 37000 377B0 37760 37710

37720 37700

376G0 37660 37640 37620 37600 37580 37560 37540 37520 37500 374B0 37460 37440 37420 37400 37380 37360

3



I was filled et the open of tho next bar. So far I was doing well this day. I had made 60 points on a ten lot for $3,000 to go with my earlier profits.

I placed buy stop above the triple top and the high of the correction bar, and began to count the correction,

SP 5 HIHUTE

Buy ,

37850 37810 buy 37820

37BO0 37780 37760 37740 37720 37700 37680 37660 37640 37620 376G0 37580 37560 37540 37520 37500 374B0 37460 37440 37420 374G0 37360 37360

The next bar corrected some more. I moved my buy stop to just above it. My chart looked like this:

SP 5 HIMUTE

3

37860 37810 buy 37820 37600 37760 37760 3774G 37720 37700 37680 37660 37640 37620 37600 375G0 37560 37510 37520 37500 37480 37460 37440 3720 37400 373B0 37360



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