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Possible time to utilize tight progressive trailing stops. If it is an
exhaustion gap, you would need to protect yourself from the impending
reversal. If it is a breakaway gap, it should be followed by additional
upward price action, possibly even a runaway gap. In this case, you can
immediately cancel/replace your stops until the market kicks you out.
Remember, let your profits run........but don't get greedy.
Just my humble opinion.
Regards,
Pejman Hamidi
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