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45 I was filled with a twenty-tive lot at 37580. This was break because the prices opened at 37575. They tmmedtatety tcked up and I was filled. I placed my protective stop 5250 per contract above my entry. I should explain here that my stop goes into effect contingent upon my being fillcdb I don*t call it in separately. As prices went down, 1 was able to cover costs with five contracts and pulled my stop to breakeven. Also on the way down, I was filled with a fifteen lot at 375G0 based on a breakout of the older Ross hook. My protective stop was placed $250 above my entry, and I was able to cover costs on this contract set. I cashed five contracts here as well. I pulled all stops - from both contract sets - to 37560. I vas stopped out ttiere as prices rose lo the close, points on iwent/ contracts. had made 20 Cost covering had added a couple of hurvdrcd bucks to the kitty. s? 5 hmrz T 37850 37810 37BZ0 37800 377BG 37760 37740 37720 37700 376BG 37660 37640 37620 376G0 37580 37560 37540 37520 3750G 374BG 37460 37440 37420 37400 373B0 37360  As prices corrected. I did my usual thing, i placed a self stop underneath the Ross hook. I placed a sell stop beneath the corrective bars low because this time there was room to cover costs. I waitud patrontly tor developments, SP 5 niNUTE sell 37B60 37B40 37B20 37800 37780 3776G 37740 37720 37700 376B0 37660 37640 37620 376DG 375B0 37560 37540 ....sell 3752G 3 37500 37480 37460 37440 37420 374G0 37360 37360
The next bar brought more correction, I stnried ny count and moved my sell stop up to the low ot the now corrective bar. P 5 HIHUTE 37B60 37010 37OZ0 37BG0 377B0 37760 37710 37720 37700 37680 37660 37610 37620 375D0 3756G 37510 .At sell 37520 3 8 3 375G0 37180 37460 37410 37420 37400 37300 37360 The not bar brouglu a reversal, but a higher tow. I connected my thrrd segmnni and moved my seU stop to below the low. Since I would consider a a breaicout to the upside of the double fiighs the beginning of a new trend, I p aced a buy order to get long if a breakout should happen that way. SP 5 HIHUTE 0 3 I l< 37060 37010 37020 37800 37780 37760 37740 37720 37700 buy 37680 37660 37640 37620 37600 375B0 37560 37510 37520 37500 37400 37460 37440 37420 374G0 73 0 37360 
The mark of a good rnethod is that it keeps a trader out of the market when its going sideways. I kriow of no mechanical method that can do that When the next bar devefoped as an inside bar, the market was, by my definition, not going anywhere. SP 5 1 Tk trend Went 37B60 3781G 37BZe 37BG0 37780 37760 37740 37720 377t 37680 37660 37610 37620 376G0 375BG 37560 37510 37520 37500 374BG 37160 37110 37120 3740G 3738G 3736G I move Ifie segments up one notcli so they are tfien numbered as Ive shown on the cfiart. With the new segment count in place, I then cafled in ar order to buy a breakout of the high ol the bar completing the tf-iird segment. SF 5 niNUTE 37B61: 3781   e trend Wen! 3 8 3 Q 3762 3760 377 37761 37741P 3772# 3770% 3768 37661 3761# 7 3760( 375 375iq0 3752 375O1F 3718# 37160 3711(W 37120 3710# 373800 3735q Notice: Ttiere had now been four higfier lows, thereby breaking the downtrend. The developing uptrend had failed to mature. The previous bar did not make a new high and was a reversal bar. The current bar not only failed to make a new high, it too was a reversal ban Based on the fact lhat there was no longer an identifiable trend, I did something I was hoping would get to show on this series of trades. I rephrased the segment count. Ive shown how I dn it on tfie next cftart.
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