MCP Update

If you are short term trading MCP (I'm consider it a long term position and leave it alone), after yesterday's 16% move understandably there's profit taking, "if" you are short term trading it there are profit taking signals so I would at minimum, have a trailing stop in place.

I would say use a 50-bar 15 min, but in this case I think the Trend Channel is better, the current 2 stops (1 a bit tighter) for this swing up are $6.62 and $6.74, the TC will keep moving to lock in more gains so if you need an updated stop, email me with that in the subject line, I'll try to get charts up AH.