Well, guess I have to confess at times dont set an OB or OS, will on setting stops,
just watch the 5 min bars and when things look solid for a reversal, step up to the plate and put in the stop
works sometimes, sometimes not
like now, looking like solid support around the 46. level, but if they truely are buying the stock, will set up a few longs, and MOST will set stops, so at times they will support at a certain level on a downtrending day, then take her down 1 more time before supporting, at what price
HECK, I dont know, just try and trade a day pattern and set a stop
I am quite sure there are better TA ways to trade, but still learning that, and might I add that being on this board has helped MUCHO
thanks to all that post thier bits and pieces of knowledge
good luck all
M