Playing Momentum using Chandlier's Exit with Momentum

Chandelier's Exits is a stop out technique made famous by Alexander Elder (he didn't invent it). It was just added to stockcharts.com, in the chart below, I went ahead and mapped Chandelier's Exit on $FSLR monster move...using the 1 minute chart below you can see, it's pretty useful. If you entered the trade at the breakout you would of never really stopped out (since it violated the exists for a few minutes at a time). The way it works is the red line is Chandelier's stop out point, so when price dips below that is when you should sell.