At the same time, I have been through my fair share of governmental conflict over the past 17 years trading and have seen countless examples of these conflicts rendering traditional indicators used to pick turning points in markets useless.
It includes American Depositary Receipts for stocks that trade actively in home markets but in small volumes in New York (examples: Roche, trading here under the ticker RHHBY , and BMW, under BAMXY ).
In the last trading lesson, Mastering the Basics of Stop Placement, I shared some examples of how I place initial stops and how they are adjusted as the trade progresses.