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52 Tradmg By The Book - Part IV  43 4272 4221 4170 <-s  StbCS 3 31 vr- 31 D8126 0=4338 H=435B L::4299 C=4323 Figure 6 From here on I will show the pertinent trading days one, two, or a group at a time. On 0126, the weekly oscillator segment turns down after a sharp turn in prices. The daily oscillator, which has been strongly up, has already turned down and is plunging towards oversold, i place a sell stop at just below the low of 0126. Ive shown what the chart looked like when 1 placed my order to seil.
 XK 2B y-- 28 D=ei27 0-4288 H=42e5 L=4215 C=4215 Figure 7 01 27. Im filled on the open at 4280 (428.00, the decimal is implied). In keeping with safety, I place a catastrophic reversing initial stop at 4351. At the end of trading that day, I move that reversing stop to 4286, which is just above todays high, i often do that on a large magnitude move. Ive shown how the market looked the day I entered it. Notice that the breakout also took out the low of the prior (lowest low on the chart} Ross hook.
Trading By Thie Book - Part !V  D=ei31 0=4215 H=4220 U4150 C=41?l Figure 8 The following three days, Im richly rewarded, but on 0131, the daily oscillator shows as extremely oversold. I expect a correction of some sort and perhaps another chance to sell. My reversing stop is now at the bottom of the gap, just above the high of the breakout day.
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