NVE Corp (NVEC) triggered today, so I am long the stock. I will update the trade as I move up my stop. As you can see from the chart, the stock found support on two occasions. On January 28th the low was 26.51. On January 31st the low was 26.58. My initial stop will be below those two lows at 26.10. My original post on this trade can be found here:
http://esl.typepad.com/tradingtechniques/2008/01/nvec-xtl-breako.html
Joel Stahl
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How do you place the stop in this trade?
I think you use fibonacci,if so what are the parameters you use
Thanks
R Parra
Posted by: Rafael Parra | February 12, 2008 at 06:06 AM
My stop is placed at the red line that I have drawn on the chart.
Posted by: jstahl | February 12, 2008 at 11:06 AM