VT, it's going to have to be more than one contract to work... This is just a rough idea of how you could manage a trade that's going your way. Adjust it however fits your needs and may have to adjust it in real time as to your feeling about the move and direction, support and resistance... on and on and on... Biggest problem here is this is just something you have to get a feel for how the market is reacting. The biggest thing to remember is You will not go broke by taking profits! Scrutch
10-4 Good buddy. I do trade more than one contract in real life. I am trying to demonstrate the results here with one contract. Adjust as necessary for each individual style.
Getting lots of mixed signals on this one. If I could have got in @ 79, you will see the move produced 2 points.