Strictly Buy and Sell Set Ups Message Board

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Strategies & Market Trends : Strictly Buy and Sell Set Ups

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To: chowder who wrote (5433)	9/14/2005 5:29:16 PM
From: fp_scientist	Read Replies (1) of 13449

dabum, My trade on TS triggered today at 114.81 (6 cents above the previous day high). The stock went all the way to 115.31 but then retraced and closed at 114.39. My stop loss is 112.74, 6 cents below yesterday's low. Two questions for you: 1. According to your trading model, should one move the stop loss to 6 cents below TODAY's low (that would make the new stop loss 112.80, the low was 112.86). Quite a moot point given the small difference between these numbers but I am just curious whether you use trailing stops or just leave them at the entry trade. 2. What does the chart tell you given today's action? stockcharts.com[w,a]daclyyay[db][pb10!d20,2!f][vc60][iLc20!Lb14]&pref=G Your feedback is much appreciated. Thanks for taking the time to answer the many questions I have PM you. fp

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