Page 236

P1: a/b c08

P2: c/d

QC: e/f

JWBK244-Miner

T1: g

August 12, 2008

18:47

Printer: Yet to come

222

TRADING THE PLAN

FIGURE 8.19 Second Unit Exit Strategy

Kerry prepared to exit one unit near the 38.2% retracement and the second unit near the 50% retracement. While there was a relatively large capital exposure following trade entry, the stop was quickly adjusted to lock in at least a small profit as the ES shot up by the end of the day of entry. The stop on the second unit was brought close to the market to ensure a reasonable profit if stopped out. The second unit was stopped out on the second day after the trade was entered, for a total of 83.75 points profit on the two units. Unit 1 made an unleveraged profit of 3.0% and unit 2 made 3.4 percent, for an average for a full position of 3.2%. Not bad for a two-day unleveraged trade.

DERRIK HOBBS (WARSAW, INDIANA) Long Soybean Trade Higher time frame: Weekly Lower time frame: Daily

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(wiley trading) robert c miner high probability trading strategies entry to exit tactics for the for  

(wiley trading) robert c miner high probability trading strategies entry to exit tactics for the for  

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