[isatrader]

I read the post. I understand that the method asks for a weekly close above the resistance. What about the stop loss ? If you enter on a weekly close why exit on a daily price move ?

Hi George,

Firstly, welcome to the site.

I don't think you understood the example that Lplate linked too. The weekly close is used for confirmation of the Stage 2A breakout, and you would exit immediately if it didn't meet that requirement. However, you would try to enter near the close on a daily breakout above the level that you had identified as the Stage 2A breakout point, provided that it meet the methods requirements, which I've done a checklist of in the following thread: http://stageanalysis.net/forum/showthread.php?tid=54

Take some time to read through the whole site, as your questions have been covered many times. And take advantage of your free trial to read the posts in the Elite Board as well. As you will find a wealth of information on the method and how people are using it in there.

I hope that helps