QuoteDislikedThe next thing I do is to look for a target - an area that could cause price to stop and reverse; once identified this is where I want to get my stop to breakeven.
The first thing I look for is a significant support/resistance level and when price gets there and it looks like it is stalling or forming an opposing signal - this would be a good sign to move stop to breakeven.
This makes a lot of sense dan re stop loss
The charts really help with the explanation also
Hanging out for the next peril
thanks for taking the time to share this