Bbh

[rosow]

All,
BBH came up as a TS2 trade with a 3.7/1 minimum R/R factor. A = C and wave 4 has retraced wave 3 by 50% without encroaching into wave 1. Any thoughts?? See attached!

Lenny

[Matt Bowen]

Hi Lenny,

Good Call on the BBH, I see we almost closed at 100% Risk level on the first day. Let me know when it hits "Max Wave 5" :)

Hope all is well...

[TomKeough]

Hello Lenny,
Looks like this one got stopped out on the 24th... It closed today (1/27) at $143.75.

Tom

[rosow]

Tom,
Yes, this one was stopped out. Came close to 100% as Matt stated which would have moved one's stop to break even.

Regards,
Lenny

[Matt Bowen]

Hi Lenny,

The setup on BBH was good...the trade just got stopped-out. Good Point, If the trade closes above the 100% initial risk line my first objective is to move the stop to the entry line (which makes the trade break-even). However, as you can see the BBH trade did not get to that level and therefore we did get stopped out of this trade.

For those that would like to read more about moving the stops to break-even as soon as possible. Please read Chapter 9 in Part 1 of the Trading Course: http://www.mtpredictor.com/TC/TradingCourse1.html