
04/12/07 We had a wonderful bounce off of a critical channel support line. We literally were the FIRST buyers of a new move upward. This move took off like a rocket and we hit our target of 8.8 points ($880 per contract) in 2 1/2 hours. That's 45% increase on our money. Risk/Reward Ratio? 8.8 - 1. We risked $1 to make $8.80.
Notice on 04/11/07, we got a similar bounce that gave us a $500 move upward, and the appropriate exit was at "End of Day". That was a 25% increase on investment, with a 5/1 Risk Reward Ratio, risking $1 to make $5.
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