It if a higher peak came along during the trade. Stop price or the opening price on the day of sale).įor trailing stops, I removed the stop loss order and used a trailing stop set at 10%, 15%, 20%, or 25% below a peak, never lowering the stop value, but raising Price on the way down may have gapped below the stop price (for the sale price), so I used the lower of the I used a stop loss order set a penny below the bottom of the chart pattern. Triangles: ascending, descending, and symmetrical.Scallops: ascending, descending, ascending and inverted, descending and inverted.Head-and-shoulders: tops, bottoms, complex top, complex bottom.Double bottoms and tops: all four combinations of Adam and Eve.Bump-and-run reversal: tops and bottoms.
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