Aviva

Rossymc wrote: Got smacked out yesterday on 70 and look at it go now!!!!!

54 as I type.

Remo, please can I have feedback on my stop.

Cheers RMc

Stops should be placed above the previous high(resistance)
If you had entered the short on the back test of the breakout then the stop should have been above the high at 376.2



The only problems with having stops above the previous resistance is that it could be really far away with some companies maybe 200+ points, but with Aviva it's fairly close by so you would have placed it above 376.2.
Hope that makes sense

remo wrote:

Rossymc wrote: Got smacked out yesterday on 70 and look at it go now!!!!!

54 as I type.

Remo, please can I have feedback on my stop.

Cheers RMc

Stops should be placed above the previous high(resistance)
If you had entered the short on the back test of the breakout then the stop should have been above the high at 376.2

The only problems with having stops above the previous resistance is that it could be really far away with some companies maybe 200+ points, but with Aviva it's fairly close by so you would have placed it above 376.2.
Hope that makes sense

Remo .... perfect.
2nd target was gap and third was 320ish.

Thanks for your time pal, much appreciated.

RMc (living and learning)