January 8, 2008
Arbitrary But Consistent (ABC) Stop Management (Part V)
IWO fell again forming another down bar on the daily. Following the ABC Stop Management method, this means that we move our stop down to above the high of the daily down bar at 79.80. Recall that the high target for this trade, sent to list members back on December 27, was 77.45. We’re darn close to that level and I expect the trade will stop out soon.
Assuming you risked $500 on this trade, at this new stop level you would have locked in around $2400 in gains which could pay for ten consecutive years worth of trading ideas from me, lol. I truly hope some of you guys enjoying the free trial period caught it.
Arbitrary But Consistent (ABC) Stop Management (Part IV)
Arbitrary But Consistent (ABC) Stop Management (Part III)
Arbitrary But Consistent (ABC) Stop Management (Part II)
Arbitrary But Consistent (ABC) Stop Management
March 7th, 2008 at 11:22 am
I am assuming the first bar on the 7th is the down bar?
But it has a higher high and a lower low than the previous bar.
I think you need to be explicit by pointing the actual bar you consider a down bar, and also explain why it is a down bar by your definition.