[Red Barron]

isatrader,
The first chart you displayed in your Stop Loss Positioning Guide, you said, was taken from pg. 185 of the book. My edition of the book shows the prior low before the breakout to be at the very bottom of the channel at the resistance line. Your chart is different. It shows the prior low above resistance. Huh, I thought there was just one edition of his book published w/no revisions. Can you confirm?

Reading Weinstein's book, I'm under the impression the initial stop loss is to be placed 1/8 ($.13) below the prior low before the breakout, as long as that would not be more 15% below the purchase price, using the investors strategy. Weinstein does not seem to imply the stop loss has to be below the bottom of the channel, if the prior low is not that low.