[isatrader]

Many thanks for that I appreciate it, as I mentioned about entering TIG at its breakout point of 0.57 I’m struggling to see where I went wrong there, any help/ tips on what I did wrong would be greatly appreciated when you have time to do so.

Thanks once again.

The entry point wasn't too bad. One issue was at 0.57 it was quite extended in the short term from it's support level so if the market had been in a strong Stage 2 phase you might have gotten away with it. But when the market is sluggish you have be much better with your risk management, and get into stocks with much tighter distances to their stop losses as the chance of failed breakouts increases due to the market conditions. So you want to risk less in these periods especially.

There was also a lower entry point that would have given you less risk which was the breakout above the January high level in July. This would have gotten you in in the low 40s and given you the chance to exit the stock for a profit in October when it started having multiple days below it's 50 day MA and the market condition deteriorated.

A major issue was that the market condition was particularly bad in the Venture Index, which this is part of I believe, which has been in Stage 4 for a lot of the year, and Gold was also in Stage 4. So with the method we generally avoid stocks in Indexes in Stage 4 unless they are showing an exceptional pattern, as you want to trade with the wind in your sails, helping you along, not blowing in your face.

   

I've attached some the weekly, daily and 2 hour charts. Look at the 2 hour chart, can you see anything familar from the book?