As you know, recently, I have stated posting garden Fresh and Marubozu lists. I checked all of them and found the best “Stop position” for both selections is the Days Low. That is; if I publish the list on 7 Oct 2010, at the end of the day, and if you are buying the stock on 8th Oct 2010, then you may start with an Initial Stop just below the low of 7th Oct 2010.
This is the initial stop and you may raise it, in the subsequent days, when the stock moves in your favor.
Note: This lists or its concept has nothing to do with the TTI Signal, provided through www.ftalarms.com . Both are entirely different concepts and are independent of each other.
This is my view and you may consult your broker, before buying the stock and placing the stop value. Please read the Disclaimer at the bottom of this Blog.
