Chart of the Day: Flag failure in LBTYA


Adam Grimes has over two decades of experience in the industry as a trader, analyst and system developer. The author of a best-selling trading book, he has traded for his own account, for a top prop firm, and spent several years at the New York Mercantile Exchange. He focuses on the intersection of quantitative analysis and discretionary trading, and has a talent for teaching and helping traders find their own way in the market.

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  1. Patrick

    Concerning trade management: had you entered short on the close of the last bar (failure test) with a stop on the high of the bar, would the subsequent 2 day rally have convinced you to close the trade even though it hadn’t hit your stop?

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