Trailing Stops
N-Day high or N-Day low. N is a number.
For example: 3-Day High:
•3-Day high Highest high of last 3 days prior to and
•1-Day High including the extreme point, non-inclusive
•2-Day Low of “inside days”.
Inside Day:
A day whose range is “inside” the previous
day’s range.
Extreme Point
51
Trailing Stops
N-Day high or N-Day low. N is a number.
For example: 3-Day High:
•3-Day high Highest high of last 3 days prior to and
•1-Day High including the extreme point, non-inclusive
•2-Day Low of “inside days”.
1
Extreme Point
52
Trailing Stops
N-Day high or N-Day low. N is a number.
For example: 3-Day High:
•3-Day high Highest high of last 3 days prior to and
•1-Day High including the extreme point, non-inclusive
•2-Day Low of “inside days”.
1
Extreme Point 53
Inside Day. Its range is “inside” the previous day’s range.
Trailing Stops
N-Day high or N-Day low. N is a number.
For example: 3-Day High:
•3-Day high Highest high of last 3 days prior to and
•1-Day High including the extreme point, non-inclusive
•2-Day Low of “inside days”.
21
Extreme Point 54
Inside Day. Its range is “inside” the previous day’s range.
Trailing Stops
N-Day high or N-Day low. N is a number.
For example: 3-Day High:
•3-Day high Highest high of last 3 days prior to and
•1-Day High including the extreme point, non-inclusive
•2-Day Low of “inside days”.
321
Extreme Point 55
Inside Day. Its range is “inside” the previous day’s range.
Trailing Stops
N-Day high or N-Day low. N is a number.
For example: 3-Day High:
•3-Day high Highest high of last 3 days prior to and
•1-Day High including the extreme point, non-inclusive
•2-Day Low of “inside days”.
3
3-Day High
Extreme Point
56
Exits
Stop
Risk
57
Exits
Stop
Risk
Nearest Minor Pivot
58
Exits
Stop
Risk
Nearest Minor Pivot
59
Exits
Stop
Risk
Nearest Minor Pivot exceeded
60
Exits
Old Stop
New Stop Profit
(3-day High)
Paper
Profit
Exceeded Pivot – Move to Trailing Stop
61
Exits
Trailing Stop Profit
(3-day High)
Paper
Profit
62
Exits
Profit :-/
63
Exits – Towards Price Target
Projected Support Levels 64
Exits – Towards Price Target
Trailing Stop
(3-day High)
Projected Support Levels 65
Exits – Towards Price Target
Trailing Stop
(3-day High)
Projected Support Levels 66
Exits – Towards Price Target
Projected Support Levels 3-Day High
2-Day High
Getting Close:
Switch to 2-day high.
67
Exits – Towards Price Target
Projected Support Levels Region Hit:
Switch to 1-day High
68
Exits – Towards Price Target
Projected Support Levels Region Hit:
Switch to 1-day High
69
Exits – Towards Price Target
If this is a major collapse,
we want to hang around for it.
Therefore, we continue with the
tight trailing stop instead of just
taking profit immediately.
Projected Support Levels Region Hit:
Switch to 1-day High
70
Exits – Towards Price Target
Projected Support Levels Reversal Day-
Close trade.
Go long?
71
Trend-Continuation Entries
Projected Resistance Levels
Reversal Day– But we missed it. Potential profit. However,
Should have sold short, risk is too large to enter
but I didn’t see it. Still good profit now (stop loss too far away).
potential left though. What now?
72
Projected Support Levels
Trend-Continuation Entries
Inside Day Trend-Continuation Entry
Stop loss goes here
Sell Short if price exceeds this
Inside day. This day’s range is “inside” the previous day’s range.
73
Trend-Continuation Entries
Outside Day Trend-Continuation Entry
Stop loss goes here
Sell Short if price exceeds this
Outside day. This day’s range is “outside” the previous day’s range.
74
Trend-Continuation Entries
Projected Resistance Levels
Reversal Day that we missed 75
Projected Support Levels
Trend-Continuation Entries
Projected Resistance Levels
Reversal Day that we missed 76
Projected Support Levels
Trend-Continuation Entries
Projected Resistance Levels
Outside Day
Reversal Day that we missed 77
Projected Support Levels
Trend-Continuation Entries
Projected Resistance Levels
Stop loss will go here
Enter if we go below this
Projected Support Levels 78
Trend-Continuation Entries
Projected Resistance Levels
Stop loss will go here
Enter if we go below this
Projected Support Levels 79
Trend-Continuation Entries
Projected Resistance Levels
Stop loss will go here
Enter if we go below this
Projected Support Levels 80
Trend-Continuation Entries
Projected Resistance Levels
Stop
Entered here
Projected Support Levels 81
Trend-Continuation Entries
Projected Resistance Levels
Stop
Projected Support Levels 82
Trend-Continuation Entries
Projected Resistance Levels
Stop
Projected Support Levels 83
Trend-Continuation Entries
Projected Resistance Levels
Stopped Out
Figures.
Projected Support Levels 84
Trend-Continuation Entries
Projected Resistance Levels
Projected Support Levels 85
Trend-Continuation Entries
Projected Resistance Levels
Projected Support Levels 86
Trend-Continuation Entries
Projected Resistance Levels
Inside Day 87
Projected Support Levels
Trend-Continuation Entries
Projected Resistance Levels
Stop loss will go here
Enter if we go below this
Projected Support Levels 88
Trend-Continuation Entries
Projected Resistance Levels
Stop loss will go here
Enter if we go below this
Projected Support Levels 89
Trend-Continuation Entries
Projected Resistance Levels
Stop loss will go here
Enter if we go below this
Another Inside Day!
Projected Support Levels 90
Trend-Continuation Entries
Projected Resistance Levels
Stop loss will go here
Enter if we go below this
Projected Support Levels 91
Trend-Continuation Entries
Projected Resistance Levels
Stop loss will go here
Enter if we go below this
Entered at the open 92
Projected Support Levels
Trend-Continuation Entries
Projected Resistance Levels
Stop
Projected Support Levels 93
Trend-Continuation Entries
Projected Resistance Levels
Stop
Projected Support Levels 94
Trend-Continuation Entries
Projected Resistance Levels
Stop
Projected Support Levels 95
Trend-Continuation Entries
Projected Resistance Levels
Stop
Projected Support Levels 96
Trend-Continuation Entries
Projected Resistance Levels
New Stop
3-day High
Projected Support Levels 97
Trend-Continuation Entries
Projected Resistance Levels
New Stop
3-day High
Projected Support Levels 98
Trend-Continuation Entries
Projected Resistance Levels
New Stop
3-day High
Projected Support Levels 99
Trend-Continuation Entries
Projected Resistance Levels
New Stop
3-day High
Projected Support Levels 100