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® “Home-Study Course” Study Manual Page 123
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Three Methods Of Monitoring
A “One-Bar Reversal” Trade
1. Trading as a possible beginning of a NEW TREND in the
opposite direction:
Keep your stop in place until you have your first correction in the new
trend. Once this new trend resumes and forms a new high, move your
initial stop loss up one-tick under the first pullback. Keep doing this
until you either get stopped out or you see a sharp increase in the
current trend. Then look for a reversal bar to get out. Or get out and
do a stop and reverse.
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