$1,550 Off the Oil Open

By Joel Pozen

That is how far price moved from the open of the buy bar to the high.

The bar opened on its low so a $20 stop held.

Beyond textbook asymmetrical risk. Even pun intended – you better be laughing and smiling – using our $80 stop the risk reward ratio is asymmetrical and obscene.

Serious money.

Adult $$.

If you followed the allow 1 down bar rule of money management you exited on the first orange bar for $1,410 on $4,000 equity.

Note the increasing volume on the Sophia bar. Someone was buying. That someone was pros.