Wow, that was close! The low today was 26.12. As I said in my post this morning I moved the Stop Loss to break even at 26.07. You can see that as a thin red line on the chart. At the open there was over $500 paper profits in this trade, then price dropped to within 5 ticks of the Stop Loss with a paper profit of about $30, then reversed. Could not have been much closer.
Fortunately for our trade, price went back up and recaptured most of the paper profits, and we closed with a doji candle. I was taught what happens after a doji candle depends on how the next candle opens and moves. If the next candle opens higher and starts moving higher, then you'll get a green candle. If the next candle opens down and starts moving lower, then you'll get a red candle. Sometimes you get a 2nd doji.
Of course, we want to stay in the trade and see how the price action goes tomorrow. The best possible outcome is if the Soybean Oil market opens tonight and goes up and hits our target before the the day session begins tomorrow.
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