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…

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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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