42. How to Up Your Chances for Profit When Setting Stops

January 1, 2010 · By admin

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www.informedtrades.com A lesson on how to incorporate technical analysis in identifying support and resistance and incorporating this into setting your stop loss when trading the stock, futures, and forex markets. In our last lesson we learned about the Average True Range (ATR) and how traders use this to get an idea of the volatility in the market so they can incorporate this into their stop levels. In today’s lesson we are going to add an additional factor that most traders consider …

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12 Responses

technotuber

April 5th, 2008 at 12:30 pm
1

Great series of videos.
InformedTrades

April 5th, 2008 at 7:08 pm
2

glad you like them and thanks again for the comments, best regards, Dave
supportapples

April 19th, 2008 at 10:43 am
3

best information i’ve seen on setting stops ; you probably saved my account.
InformedTrades

April 20th, 2008 at 7:51 pm
4

Hi Supportapples, Thanks for the comment I am glad you like the video and found them informative. Best Regards, Dave
Fullperson

August 14th, 2008 at 3:40 pm
5

woah, you have to make all these calculations before a buy or sell? Is there enough time to set stops while running through charts?
InformedTrades

August 15th, 2008 at 12:50 pm
6

In my opinion if one doesn’t at least know where support and resistance lies in the market then they are trading blindly. This is of course just my opinion however others may differ. Best Regards, Dave
DramaKingOwnsYou

September 20th, 2008 at 1:17 pm
7

Great pointers on setting the stoploss and takeprofit. Greetings from Norway
signo23

March 1st, 2009 at 3:21 am
8

Hi Dave,I’m new in the trading world,I’m getting more information that I can, I’m watching every single video you post and I think you are doing a great job.thank you.
Best regards from spain
flyingdutchmanhero

June 2nd, 2009 at 5:49 am
9

wow i followed every single previous lessons and the strategies i´ve already learned helped me save my last trading money i did the typical beginner mistakes but now i start to generate profits i really want to join ur trader community its the best i could do to train my trader skills! thanks very much for your incredible work.
kedmania

June 27th, 2009 at 6:28 am
10

hi david. Are day trading signals on a friday such as the hammer still reliable after the weekend close? I would like to buy some stocks on monday 29th when i see a confirming candle.
thanks for your time,
kedmania
InformedTrades

June 27th, 2009 at 9:21 am
11

Hey Kedmania,
Signals on Friday are still as reliable usually as any other day of the week, however with low volume things can be tricky.

-Brendan
szemingyam

October 21st, 2009 at 11:15 pm
12

Good education, Dave Thx.