island top on the 60

    NVAX follow up

    Posted by morton7 on 26th of Jun 2020 at 09:34 am

    island top on the 60 min...

    also on NVAX - here's

    Posted by matt on 26th of Jun 2020 at 09:47 am

    also on NVAX - here's my updated 60 min chart where I showed how one could have raised 5 - 6 times to each higher low.  After raising stop so many times once you see a really prominent negative divergence one could consider just exiting near highs vs waiting for your last higher low stop to be taken out.  That's what I like to do, I mean you tend to only get so many higher lows anyway, once you get 4 and 5 of them you are pushing it and probably good time to expect a rug pull.  So I like to just exit vs waiting for the last stop to be taken out. As you can see that last higher low stop would have been taken out this morning, but you had a pretty strong negative divergence yesterday so after having 5 trailing stops, yesterday would have been a good time to just exit

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