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DIY Trader
- Joined
- 3 February 2010
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fwiw, I calculate my trailing stop measuring the volatility and accepting an average day (or two) going against me. If the trend is strong, I'm allowing a wider multiple.
For BRG, applying 1.5 days, I would exit on a Close Below $4.04.
In situations where candle analysis suggests a top reversal pattern, I am likely to override and take profit earlier. Monday's Shooting Star being followed by 2 red candles would most likely trigger such a discretionary early exit.
For BRG, applying 1.5 days, I would exit on a Close Below $4.04.
In situations where candle analysis suggests a top reversal pattern, I am likely to override and take profit earlier. Monday's Shooting Star being followed by 2 red candles would most likely trigger such a discretionary early exit.