I've shown this so many times now, I hope the reader will know exactly what it is I did. But just in case, I now had a count of 3 segments going up. I placed a buy order above the high, and moved my sell order below the low.

I was short a twenty-five lot at 37615 on what turned out to be a tiny doji bar. My stop was $250 above my entry, and my liquidation goal for covering costs was at 37605. With about one minute to go on the bar, I called in and moved my protective stop to one tick above the previous bar's close. I didn't like the hesitation I was seeing in the market.

I didn't have to worry for too long. The next bar opened a tad lower and then dropped enough for me to cover costs. After covering, I moved my stop first to breakeven and then, as the bar closed, to protect half my profits. My stop was at 37600.

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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