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For sure are small stops working for you, I don`t doubt, but you don`t want to stay in 1(one) position till MOC or late afternoon. The rule of this system is 1(one) trade/day max. not a second this day...So small stops take it out cause the zigzag reversal stuff will hit any small stop staying...

@romik I made the work and did apply different fixed pointstops in a strategy of mine to show the effects of different stopsizes in this strategy. It`s a breakoutstrategy on the YM, trading with the trend, close MOC or trail later in the day, the equitycurve shows 3 years of trades beginning...

I again observed a nice exhaustion bar, if anybody really looking for a long in this downtrend (or an exitpoint...) it`s more secure to wait for such a bar, look at this large bar with the highest volume of the day, nothing is perfect, market did not turn immediately, but chances of a turn are...

No word about small stops, if translating this in my world, if I´m looking for 5-8 points ES for the day I can(and should..)use a stop of 5-10 points if tested with good probabilty, if you are pointing for 1.5 points ES you have to use a 2 point ES stop, I see some limitations in the math cause...

mmmmmhh, By looking this thread i find this here.... ...it depends on the setup many of my setups are vigorously backtested, so i have no problem risking (for example) 21 pts to get a 78% chance of winning 14 pts now, that is an unacceptable risk/reward ratio by some reckonings, but ...

If you refer to trade only "good" priceaction, you are facing some probs, sometimes the market dries out soon after some nice move/volume. Next how do you objectively define "good" priceaction, from what level of movement/volume does it begin or end? It`s a matter of your daily motivation, how...

The time I entered market looked good, but went flat soon....

and you may know it after 2-3 losses, uuuh choppy today..., nobody tells you in advance that this will be a choppy/spiky day, you see it after the fact.

porgie, it`s not a problem with a system it`s a problem with more or less random marketnoise, the less volume in the market, the more the chop and spikes, the more the "Big Boys" are playing stopfishing, that`s the reason too why breakouts over HOD/LOD in Lunchhour are rarely meaningful. In a...

you ending with the same loss by looking for one trade/day with let`s say 6 points ES, or getting stopped 3 times with 2 points, and i had times in 2002 lets say I took ~12 trades and getting hit 10 times, i had large losing days with frequent trading with smaller stops, may be bad...

I don`t want to length this stop thing, this meets to many opinions and is surprisingly a highly emotionloaded stuff... My arguments against thinking in terms of a point stop and "the right stopsize" resumed: thinking in fixed points is not a good idea, simply look at indexlevels, if...

That`s splitting hairs talking about a few points more or less, that was a period of very high vola and indexlevel reducing 2 points to a meaningless nothing... On 4/04/2000 the low of SPX was 1416.41, the high was 1526.45, makes 110 points On 4/14/2000 the low of SPX was 1339.4, the high...

even in shorter times you see a lot of fluctuation, so you would have better used larger stops ~ april 2005 and smaller in the summer, you see it in the %range and the ATR(10), there`s a different of 50% in average bar size a few weeks later. Of course also usable with intraday data

coolweb, ATR = averagetruerange, all my stops and targets are based on it. Averagetruerange(10) = average size of bars the last 10 bars, gives you a definition of marketmovement/volatility. With a fixed point or fixed % stop/target you are not adapting to marketvolatility. In 2000-2001...

Spike did say 2 points was the stopsize for him not reducing his netprofit too much(but reduced...), so far I remember.... So assume Spike to be a very skillful trader using a finetuned system with very good entries....and exits... If anybody is more in the novicetrader area I expect him...

stopsize is NOT variable Man...in 2000 we had days with 80 -100 points ES and most of the time ~30-50points, you are talking about using 2 points stop in this environment? And in 1996 we had days with 2 points daily range, using 2 points stop? Not sounding very logic to me not to adjust...

Well, that`s all right, I said stopsize depends on the exact definition of strategy/entrypoint. So a stop working for one person with very good skills in filltering out false signals by experience and good skills in getting a good fill, may not work for the other trading more or less the same...

the myth about small stops.... some mean using small stops keep them out of trouble....wrong Stopsize is an Var. depends on strat. and marketvolatility/action not on the personall feel well level. Stops ALWAYS reduce the netprofit, by testing strats you soon find smaller stops reducing...

all this(and every other...) strats work out good only cause the exits, if taking just the reversalsignals or any more simple exits or one lot/size only you are ending with a very volatile equity and deep drawdowns. That is a general situation for ANY System. At least 50% of your braintime...

veeerryy last word to pullback... it`s a definitive sound principle, but the S&P is not the easiest to trade this (or any other method...:-) other markets are better trending... here a trend/pullback on 26 years daily DAX, ~80% win, avgwin/avgloss = 1.38, no 1 : 3....