Where do you guys put your stops at for this method? Heres an idea I had, nothing crazy, but I think I will try it out for awhile. Here we have a breakout, and I put my stop behind the nearest PPZ beyond the breakout. I use the ATR, its not a magic number, just something to keep some consistancy. At 1 ATR profit I pull 33 percent, I cut my stop to 1/4th, which puts me at BE, or slight profit, and keeps my stop hidden behind place I played breakout from. Then, how to trail other main position? I am split between hard targets and trailing behind other peak's, and valleys. Trailing behind other peaks and valleys would be more consistant, but how many of these big moves can I really catch playing that conservative.
First line is minor PPZ prior to breakout. Second line is where my stop would be.
First line is minor PPZ prior to breakout. Second line is where my stop would be.