http://jpotrading.blogspot.com/search/label/relative%20strength
-If I do this I must first wait for relative weakness to manifest itself by, for example, a red 5 minute candle bar that takes out two or three of the previous five minute bars. The exact point of where you go short will depend on the stock, the general market strength, etc, but a valid short is now possible. I show this in the two charts below for $SYY and $WTW .
- The most important thing now is to input your stop-loss order somewhere close to the previous high as shown in the two charts. If you do not do this "horrible" things can happen....imagine not putting the stops in the chart below for $WTW .
