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Today we look at NKTR on the 2 minute chart. We see the chart is in a clear uptrend and after polling the room for what type of entry they will be making, we determine our stop location. The interesting thing about this setup is that you have many choices in terms of how you want to enter (break out, pull back, etc). As we scroll the chart we see it immediately breaks out so pull back traders did not get a chance to enter. Then we need to decide what method we will use to trailer our winner. Previous lows paid best in this scenario but per usual that will vary trade to trade. Stick with the one you are most comfortable with.