@gaucho I just saw this question that you posted last week on the ADP trade. The last update on that trade was published on June 24th after ADP was stopped out:http://rightsideofthechart.com/short-trades-updated-4/ As of today, ADP is still trading above those previous reaction highs so until/unless that breakout fails, the outlook is more bullish than bearish.

Thanks!!

Gaucho- Unless otherwise specified (such as a 60-minute or daily close above), the suggested stop for a trade, such as with ADP, is on any move above the suggested stop level. ADP exceeded the suggested stop today & will be updated over the weekend with any other trade ideas that have also recently exceeded their suggested stops, hit a price target or are in need of an update if there have been any significant developments in the charts.

On a related note, for those trades that list a suggested stop on a daily close below (for longs) or above (for shorts) a certain level, those trades are best closed out within the last minute or so of trading if it appears almost certain that the stock will close beyond the suggested stop level. If it is very close, I will usually hold off & wait to see how the stock trades the following day.

For hourly (60-minute) candlestick closing stop criteria, the position should be closed immediately after the first 60-minute candlestick is finalized with a closing value above the suggested stop.

My question is Shoud the stop be executed when
a) the “close of the day” reaches the stop
b) the “close of an hour” reaches the stop
c) or just at the moment reaches the stop?

Thanks

Thanks… $82 is just my minimum target..could certainly extend to your $79.22 target..

JF- I like how that 61.8% Fib lines up with gap support (your target). Thx for sharing.