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Hello, friends!
On video 33C, about protective stops, Mr. Brooks explains the importance of using a correct price action stop, usually bellow a major higher low or above a major lower high. But at minute 18, he gives an exemple where the stop is placed jsut bellow the entry bar, as soon as the order is filled - before a new high or a strong move. Could you please help me to formulate a rule to this exception? It would be great to understand the cases when price action allows the use of tighter stops.
Thanks in advance,
Leonardo.