Page 18 - Futures Money Machine-Study Session #6
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McDowell’s Tips …
• “STOP CLOSE ONLY” This order, also known as S.C.O., means that the market has to be at or
beyond your order price on the close. In other words the market can exceed your price during
the day however, if the market does not close at or beyond your price you will not be filled.
• “MARKET ON CLOSE” This order, also known as a M.O.C., means to execute a trade in the
closing range (no matter what the price.) (also referred to as “Murder on Close”)
• “ONE CANCELS OTHER” This order, also known as an O.C.O., means that you have two orders
in the market and when one gets hit that automatically cancels the other. For example if you did
not want to miss an up move you could place a Buy Stop at 1120 and Buy at 1100 Or Better,
O.C.O. Then if either one of these orders gets hit it cancels the other order.
