Hidden stop loss and take profit

[smallfil]

Thanks
I don't spend a lot of time on YouTube but I'll stick this on my watch later list.
I use a hammer pattern as one of my set-ups, if all other critea are met.

You are welcome. I learn a lot from your posts too.

 

[murray t turtle]

The guy's name is Richard Naso and interviewed by Humbled Trader. Here is the You Tube video explaining how stop losses are targeted. When you have a candlestick with a very long tail on a pullback and it closes near the highs, that is probably, the best time to enter the trade. Your hard stop loss could be set 8% below your entry. You know buyers are coming in because of the last candlestick with a very long tail.

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JUST a kid with a HI school background LOL Good
I'll also keep that in mind also ,'' dont see any point in buying; MSFT @ $330.....................''...............................................