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44

Prices made a reversal bar, I pieced my count on ibe chart, called in a sell order under the tov/ and waited. I am very consisteni when I trade, bui do on occasion miss a hook or (ail to seize a trading opportunity.

SF 5 HINUTE

I-

37 60 7 10 37026 37B00 37780 37760 37740 377Z0

37700 37680 37660 37640 376Z0

"

37580

sell 37560 37540

37520 37500 37480 37460 37440 37420 37400 373B0 37360

3 0 9

Tve shown this so many tsmos now, I hope the reader will know exactly what il is I did. Gut just in case, I now had a count of 3 segments going up. I placed a buy order above the high, and moved my sell order beJow the low.

SF 5 HIMUTE

Rh

- buy

it"

37860 37640 37826 37800 37780 37760 37740 37720 37700 376B0 ....buy 37660 37640 lsell 37620

37600 37580 37560 37540 37520 37500 374D0 37460 37440 37420 37400 37300 37360

3 3



I was short a twenty-five Im at 37615 on what lurned out to be tiny doji bar. My stop was $250 above my entry, and my iiquidation goal for covering costs was at 37605. With about one minute to go on the bar, I called in and moved my protective stop to one tick above the previous bars close. I didnt tike the hesitation t was seeing in the market.

SP 5 MINUTE

I didnt have to worry for too long. The next bar opened a tad tower and then dropped enough for rne to cover costs. After covering, I nioved my stop first to breakeven and tlien, as the bar closed, to protect half * profits. My stop vjas at 37600.

SP 5 MIHLtTE

3 8

37B6G 3784G 378Z9 7 09 377B9 37760

37740 37720 37700 37680 37660 37640 37620 37600 37580 37560 37540 37520 3750G 37480 37460 37440 37420 37400 373S0 37360

37B6G

37840

37820

37800

377B0

37760

37710

37720

37700

37680

37660

37640

37620

37600

37580

37560

37540

37520

37500

37480

37460

37440

37420

37400

37300

37360

3 0



I was stopped out at 37600 as prices corrected. I made 1 5 points on twenty contracts. Being a disciplined trader, I did my usual thing, I placed a sell stop below the Ross hook. When there is enough room to cover costs, I also pface a .sell stop below the low of the bar that is making a correction. \n this ease there was not enough room for the second sell order.

?F 5 HlHUTf;

37B&0 37B40 37B20 37DG0 37780 37760 3774G 37720 377G0 376B0 37660 37640 37620 37600 ., sell 37580

>4

37560 37510 375ZG 37500 37480 37460 37410 37420 37400 373B0 37360

3 D 9

I came wdhin one tick of being filled on the next price bar as prices closed on a double bottom. Looking back, I determined that this time I wouldnt miss the old Ross hoolt made earlier in the day.

SP 5

sell

sell

37860 37010 37020 37800 377B0

37760 37748 37720 37700 37600 376 0 37648 37620 37600 375B0 37560 37510 37520 37500 37430 37460 37440 37420 37400 373B0 37360

3 3



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