The next price bar was an inside reversal bar creating a Ross hook. Since I had enough room to cover costs on a breakout of this bar, I placed a buy stop for a fifteen lot above the correcting bar at 37505 and a ten lot above the hook at 37715, and pulled my stop up to just under the low at 37650. The point of the hook was 37710.

When prices corrected again, I was stopped out with my profit of 70 points each for 20 contracts. I placed a buy stop to purchase a twenty-five lot just above the high, and left the buy stop above the Ross hook in place.

Budgeting Tips For Families

Budgeting Tips For Families

Learning all about budgeting strategies for busy families can have amazing benefits for your life and finances. Learn financial control with less effort and more results.

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