book study : Volume Profile by Trader Dale ( SL placement )
page 119
from the book Volume Profile : The Insider's Guide to Trading
by Trader Dale
steps :
1. identify volume clusters & VP POC
2. entry on BO from base / VP POC
stop loss options :
a. volume based SL : at lowest end of volume clusters
b.confluence of support
c.150% / Catastrophic SL : about 50% lower than the width of EP to initial SL ( 100% + 50% )