Depending on the type of trend prior to the breakout event its wise to place a SELLSTOP or BUYSTOP order (not both)
- A clear bull flag or box breakout (in down trend) requires a long stop entry
- A clear bear flag breakdown requires a short stop entry
Saturday, March 19, 2011
Trading Plan: News Breakouts
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Depending on the type of trend prior to the breakout event its wise to place a SELLSTOP or BUYSTOP order (not both)
Depending on the type of trend prior to the breakout event its wise to place a SELLSTOP or BUYSTOP order (not both)
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