A trader shorts two contracts, risks 9 points, and hits his first 20-point take-profit. He moves his stop to break-even and waits for a break of the recent low to confirm more selling, scaling out as both profit targets fill.
Right now we're risking 9 points total on the 2 contracts. My first take profit, I want it to be here. Hopefully we get that push through these lows because this is the first point of interest I'm looking at that I think price will revert back into. And this is the second point of interest I think price will revert back into. A lot of things are working our way for short side. Retesting this previous repair, reverse fork, like a reverse fork setup. Looks like our first TP is going to get hit here at 20. Okay, first TP is out. Beautiful. Getting out of that first one is great. At this point, we can move our stop to break even. I want to see sellers continue pushing. I want to see a break of that low. There we go. Break of that low. Continue. I want sellers to continue. Keep going. Keep going. Another break and I'll take a momentum short. Both TPs at the same spot. I want sellers to keep pushing. Step on the gas, sellers. There we go. We're out.
