We are financial market enthusiasts using methods expressed by the Gann, Hurst and Wyckoff with a few of our own proprietary tools. Readtheticker.com provides online stock and index charts with commentary. We are not brokers, bankers, financial planners, hedge fund traders or investment advisors, we are private investors.
Thursday, 14 January 2016
Trailing stops confirm deny momentum plays
You know when your momentum trade ends once your trailing stop is busted, all great waves end!
The trailing stop is also a great trend tool that will show up periods of strength and weakness that force a trend change. In the Wyckoff trading world that is something we want to know about.