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33

9393

9202 9191

9001 8900

8228

III stop here

short

Figure 25 My next opportunity is from a l-d-lll high and Im short 1 tick below the low of the #11 day. My stop is now 1 tick above the #111 point.

Four days later the market is in congestion again.



Figure 26 shows an opportunity to increase my position, I get another I-ll-ll! high shown on the chart, I am short 1 tick below the #11 and all Stops are now 1 tick above the #11! point.



9228 9128 9823 892? B827 8727 8&26 8526 8426 8325 8225

short

all positions out at open

Figure 27 illustrates yet another opportunity from a l-ll-lil high. Im short one tick below the #11 point and all stops are placed 1 tick above the #111 point.

The market takes a good drop on the day I go short, which is also an alert day, and then starts trading sideways.

The alert gap following the alert day convinces me to get out of the market as soon as possible. I exit just after the opening on the day of the gap.

The alert day is the one labeled "short." It has a relatively large magnitude. Following that there is a congestion area ending in a couple of reversal bars. The closes are higher than the opens two days in succession. These combined with the gap up are fairly convincing of a trend change.

An honest question arises here.



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