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"C-D would have been the first time I could have drawn a trend line. E represents a one day correction. I would have tried to sell a breakout of the low of that correction day. I would have been filled twice on the next day - once when prices took out the low of day E, and once when prices took out my resting sell stop at day C, the location of the Ross hook. At the close, I would have been showing a small profit on two contracts, a total of five ticks on the first and a total of four ticks on the second. Since nine ticks represented $54, I would have placed my protective stops to breakeven.

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