Simon a question on your system

[Salv]

Still new to trading, so when i first heard lower low exit, my understanding was that you were refering to the lower low as in a lower swing low as depicted in the 3rd graph in on this page http://www.swing-trade-stocks.com/exit-strategy.html# But CPS refers to the lower low as the low of yesterdays price being the new stop loss,Is this the correct exit for your strategy?

[#2]

Its Setting stoploss below yesterdays low, actually a tip from simon's guest on his show a while back i think