Tapped breakout day candle today.
I am always eager to get my stop to break even as fast as possible but patience must be exercised.
At any rate, that will make a nice level to move my stop to if the upside resumes tomorrow
Stop at entry 0.810
3-day trailing stop rule in effect @ 0.880
Trade closed: stop reached:
Out on the open, looks like this trend is on its way up without me
Chart pattern measured move met... without me, should have been watching closer for entry on this small ascending triangle
@duncs1981, My trend follow model is a "2 day away rule" as outlined by Richard W. Schabacker in his book "Technical analysis and stock market profits" (pg 368) but if its a tested method you have utilized in the past then why not:)