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113

Trading By Tlie Boole - Part VI

6277

6175

6072.....

5969 5B67 57 5662 5569

S!0C5"3

35 V3-- 35 D=0B29 0=5938

H=6043 L=5921 C=6816

Figure 59 0829. I should have been ready to take my profit on the Swiss Franc that day, and also to buy the upside breakout of the ledge. Im not saying whether the trade wouid have worked out, because I didnt make it. But 1 want to point it out because I want this to be a truthful book.

But, because I did take a third look the next day, I was ready when prices came crashing down through the ledge, I was short the market at the bottom of the ledge, and out 3 days later at the open as prices gapped up past my stop.



Trading By The Book - Part VI

2213 20

1%6

1B43......

1728

u

-M- 55 = 55 D=a814 0=1835

H=1835 L=1754 C=17&5

Figure 60 On 0814, the weekly Bean Oil oscillator had been pointing up for three days. The daily oscillator had corrected but was not yet oversold.

1 placed a buy order above the high at 1836. The next day was an inside day, so I left my buy stop in place while the daily oscillator corrected some more.

The following day, the daily oscillator reached oversold, and so 1 moved my buy stop above the high of that day.

Another day passed, so I moved my buy stop down another notch. By this time both oscillators were pointing up.

Ive marked as "b" the places where I attempted to buy.



Trading By The Boole - Part VI

10128

9916

9703

9289 89

\\r)

8716

75 /\

58 / V \ / \ / \

25 J \7 \/ \

ĽU-- 11 XD= 27 \1 0=9708

H=9?24 L=9607 C=9622

Figure 61 0817. I placed an order to sell Bonds at a brealeout of the low at 96-06. My protective stop was at 97-25 and my contingency profit stop was at 95-28.

I was filled the next day, but prices closed near their highs, i tried my previous strategy again. I placed a buy stop at 95-28, hoping to malce a profit. The following day I was stopped out at the open for a loss of 12 points.



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