Yes it is possible : since a trend is defined by lower high lower low in the case of today for example, suffice to put the stop at each higher step once a step is reached. Each step can be known in advance so that one can even automate the process if needed example for today we have been following the blue consolidation line on my model: <IMG SRC=http://harrytrader.membres.jexiste.org/trailing_stop.gif>
I just wanted to make sure I wasn't missing anything based on the reactions of others to this thread.