[isatrader]

Weinstein uses weekly frequencies in his book. Why do you instead use daily frequencies? I\'ve found that when I used the daily frequencies I get too many false breakouts and they don't give me the big picture for what a stock is truly doing. I don't want to be getting stopped out for a loss on 90% of the trades that I make. That is my fear by using the daily frequencies to draw lines of support and resistance b/c I feel they too often register just noise and don't reflect meaningful  and substantial directional moves that a stock is making. They don't allow for enough "play" of the stock. Granted if your stop loss gets tripped, and you had set it using daily frequency, you'll probably lose less $ than if a stop loss gets tripped that was set based on weekly frequency.

Hi Red Barron,

When you reply, please write underneath the quote box. As I keep having to edit your posts, as you are writing within the previous quote each time. So scroll to the bottom after the quote and add a return and then write underneath.

To your question. All the examples I did in this thread show both the weekly and daily charts. So not sure what you are referring to here. I think you need to spend more time going through the site throughly, as there is a lot of information that could help you understand the method better. As there's literally years of posts, and all of your questions so far have been asked multiple times. So you should be able to find most of the answers in the threads.

If you read my through my journal thread - which I've been posting all of my trades in for over 5 years, you'll see how I calculate my maximum stop losses using 2x the 52 week Average True Range (ATR), which allows for 2 weeks of the particular stocks average movement. As every stock has different volatility, and so I believe that the ATR is the best way to judge the distance and then position size accordingly. Here's the link to my journal thread: https://stageanalysis.net/forum/showthread.php?tid=32

Also the book is only the beginning when it comes to understanding the method, as Weinstein has run a service called the Global Trend Alert for over 30 years since the book was published, so a lot of our understanding of the method has come from examples from that. For example the sub stages like Stage 1B, Stage 2A etc. And also other people like Mark Minervinni, who has expanded on the trader method in his trading and introduced new concepts like the Volatility Contraction Pattern (VCP) over the years. Reading his two books would really help your understanding too, and I highly recommend them.