How would you trade this

[ctrader]

http://quote.prophet.net//applets/j...int.gif&scope=prophetfinance&host=prophet.net


How tight a stop?

 

[DTK]

IMHO, how about right below the the line you've drawn?
If you want to give yourself a little more slack how about the low/open of the day that popped in early August? That way it looks like you still have a good 3:1 reward/risk if it gets back to the top of the channel.

Just my $.02.

Quote from ctrader:

http://quote.prophet.net//applets/j...int.gif&scope=prophetfinance&host=prophet.net


How tight a stop?

 

[Grob109]

I noted the past four trades to get a handle

 

[Grob109]

Here is a set up and the stops you need for first three days.

 

[ctrader]

Cool charts. How do you know the trend will start on tuesday?

 

[gms]

He's not saying the trend will start. He's depicting how you would apply the offset stop he's detailed if and when the trend were to start.

 

[Grob109]

Quote from ctrader:

Cool charts. How do you know the trend will start on tuesday?

I used the daily to estimate (See the green Stocastics vertical bars on the 50% rise. It tays "overbought" for the whole traverse. It will happen soon; either end of week is not likely, I feel.

If you pick it off within a day of the next traverse of your IT trend channel beginning. It will turn out nicely anyway.


There are stocks like your popping every day. Fun chart to work on.

 

[TGregg]

5.75. A notch above the previous significant high.

 

[ctrader]

Quote from TGregg:

5.75. A notch above the previous significant high.

Interesting.. you would short this? Probably if the trendline breaks?

 

[tradersaavy]

This issue looks like it is weakening to me.


If it pulls up slightly and shallow, looking like a weak pullback, a short might be a play here.

I'll try to get a chart posted later.