Then came an inside doji. It gave me a Ross hook to trade, so I placed a sell stop beneath the hook, but not beneath the doji. The doji represented the first bar of correction, but there was not room to cover costs prior to taking out the Ross hook in the event of a fill.

I was filled short a twenty-five lot at 37695. My stop was $250 away, and my cost liquidation objective was 37685. I was able to cover costs with a five lot and netted $100. I then moved my protective stop to breakeven.

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.

Get My Free Ebook

Post a comment