Have you ever heard of a stop placement strategy that trails
stop based on previous 'high' points? It is called Chandelier
exit as it hangs down from the high point or the ceiling of our
trade, just as a chandelier hangs from a room ceiling. The
distance, which is usually calculated from the high point to the
trailing stop; could also be calculated in dollars or in
contract based points. However, the value of this trailing stop
moves upward very promptly as higher highs is reached
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