21 July 2013 – Setting a tight Stop Loss using the CBL tool

(21 July 2013) – The Count Back Line (CBL) is one that is talked about a little, but with not very much material written about it (except in Daryl Guppy’s book “Trend Trading”, and his other writings).

The CBL Tool is very useful for setting a tight Stop Loss when the market (or a stock) is suffering from high volatility, and/or no trend or doubtful trends. When the market as a whole is lacking direction. but a stock is in a strong trend, it is possible for the stock to turn quickly (due to the conditions of the market as a whole). So it can be beneficial to itilise a tight Stop Loss – and one that is based purely on price, and the recent candlesticks, is the CBL.

I have now included some information about Daryl Guppy’s CBL tool on my Stop Losss web page. Read on…

About ShareMarketToolbox

Share market analyst and Nimble Short Term Investor, with my Share Market Toolbox to help investors and traders. And this blog is a historical record of the updates and changes to the Toolbox content.
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