short sitting @ 1411.25 -no add-ons

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 -

1 con @ 1411.25

5 con @ 1415.75

6 con total with a 1415 ave for the short

thus when 1415 is hit you can leverage back down giving you 1 at 1415.75 -

we will reduce by 1/2 at the first hit of 1411.75

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

i often review my trades and will look at exiting a con @ 1404.50 and adding it back in the 1408.25 area -at a new ave 1412 -

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

have banked 28 points off 5 contracts thus far on this call

will rethink our last exit when we sit at the 1406 area