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from the 1411.25 short the 1416 area is a good place to leverage up -remember you need to build 1 con per point for con traded -thus if 1 con was traded at 1411.25 you will need to add 5 at the 1416 level -
trade has been reduced by 1/2 - will let the last 1/2 run and see what happens - took approx 30 ticks of total profit from 3 contracts -will use the 30 ticks as stop protection for a break even trade -
thus if we go 10 ticks above our 2nd entry of 1415.75 we will exit the trade(1418.25)
we are using a standard fib set from 1417.75 to 1390 - we used 1412 as our 1/2 off basis for protection -now as we near the 1407.50 fib -any where in this area is a good 1 con exit - we used 1408.75 giving us 7 points of profit on 1 contract from our 1415.75 entry - next exit zone will be 1401 -but we will also reset our stop to breakeven at 1415.75 for the final 2 cons
got taken out of the 5th contract @ 1402 for 13.75 points -have 1 contract remaining -still unsure if i will add a short at 1408.75 as it already reached up and hit that area
