MARA - Chart Link- that 5th wave low ended up
playing out, we had that in place for a couple weeks. That said I
suggested an initial stop at that first higher low, move it up to
the next one at 17.49
no problem, it's a simple method of placing them near the last
higher low, and near major MA's, or just above or below a
trendline
here's some examples of past ideas. Also - when trading daily
patterns, also look at 2hr and 60 min time frames where you might
see patterns or divergences or even higher low areas for stops that
are now showing up on the daily. The BEAM daily and 60 min is a
good example, notice how on the 60 min you clearly see a bunch of
higher lows that you can use for stops that do not show up on the
daily
MARA move stops up
Posted by matt on 29th of Jan 2024 at 11:26 am
MARA - Chart Link- that 5th wave low ended up playing out, we had that in place for a couple weeks. That said I suggested an initial stop at that first higher low, move it up to the next one at 17.49
MARA - Chart Link- daily view
Thank you for sharing how
Posted by anjali25 on 30th of Jan 2024 at 02:07 am
Thank you for sharing how you manage stops
no problem, it's a simple
Posted by matt on 30th of Jan 2024 at 09:24 am
no problem, it's a simple method of placing them near the last higher low, and near major MA's, or just above or below a trendline
here's some examples of past ideas. Also - when trading daily patterns, also look at 2hr and 60 min time frames where you might see patterns or divergences or even higher low areas for stops that are now showing up on the daily. The BEAM daily and 60 min is a good example, notice how on the 60 min you clearly see a bunch of higher lows that you can use for stops that do not show up on the daily
see attached images
Thanks for moving and charting
Posted by auni on 29th of Jan 2024 at 12:20 pm
Thanks for moving and charting in the community the second stop.
The STS(stop) in the Kiss Tables are awesome. My wife thinks I'm a trading genius.
ditto not the wife part.
Posted by stoclady on 29th of Jan 2024 at 12:37 pm
ditto not the wife part. awesome matt