[isatrader]

Can anyone give advice on buying the point B pull back. If I remember correctly Stan talked about buying the pull back towards the breakout or 30 week ave. I don't like to watch the market but like to set orders. I have set orders for the breakout price a number of times and they have not been filled. So I am not sure the best way to set my orders for the point B (as Stan called it). Example shows stock that I am thinking to enter but not sure where to put my order. I would like to put it at 109 (breakout price) which gives 11% downside risk IMO, but feel again I will miss the stock.

The B entry point is the first "significant" pullback following a Stage 2A breakout, and the investor method is to enter half your position on the initial breakout to Stage 2A i.e. the A entry point, and then enter the other half position at the lower risk B entry point, which is when the stock has it's first significant pullback - which can sometimes be as far back as the Stage 2A breakout level, but in the strongest stocks, it's will only pullback a bit of the way. And so you can place limit orders at the Stage 2A breakout level, but really the only way to do it properly is to do it manually and follow the stock, as the pullback needs to be substantially lower volume for a valid entry point.

My advice is drop down the timescales to the 2 hour chart, and set up the same settings as the weekly chart, and then simply wait for the stock to move into Stage 4 on the 2 hour chart, and then the B entry point will be once it moves into Stage 1 on the 2 hour chart again and starts to build a base.

Patience is the key to Stage Anaylsis.