Vendit, thanks for a clear confirmation on the statement by horsegirl48.
I will repost the message, it is worth reviewing.
"when the williams has turned down, say goodbye. I'm not that good at placing stops so I look at the chart and find were support is and place a stop after it so if it breaks I'm gone. I really havent had to use the stops because I get out before it hits them, to nervous in this market not to.
You are on target my friend. You just outlined the definition of conservative technical trading."
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