[GeorgeM]

I have a question regarding stop loss placement. When setting a stop loss level do you take as reference a intra day or eod low ? thanks!

The intraday low and end of day low are the same thing. Did you mean something else?

Yes. What I mean is this: when you set a stop loss you need a basing point, pivot, under which you set it. When you look for this basing point you consider only the prior close prices or the intra day lows also ? John Magee speaks is his book about close below a certain level. However, Stan seems to go for an intraday stop ....How do you do it ?

Thanks!