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How to avoid being stopped out?
I really like the strategy of waiting until you have a divergence in an Oversold Cci and placing a buy stop above of today's high, and then when that it hit to place a stop below the swing low. However, if you look at the attached chart you will see that doing that following the candle on Oct. 13 you would have gotten in on Oct. 14. Then On Oct. 15 you would have been stopped out (as it went even lower on Oct. 15 than on Oct. 13), before it made such a nice gain (on very high volume).
I think I am missing something. Can someone tell me an indicator or overlay or insight about the price and/or volume bars which should have led me to avoid buying on Oct. 14 and then led me rather to buy on Oct. 15? http://stockcharts.com/h-sc/ui?s=IWM&p=D&yr=0&mn=7&dy=0&id=p31401003019&a=372689951