Some traders use a 1 pt stop, it all depends on the method and the timeframe. Trading of a 1 min chart and the 15 min chart is not the same and requires different strategy.
TM Trader
There is no use whatever trying to help people who do not help themselves. You cannot push anyone up a ladder unless he be willing to climb himself. - Andrew Carnegie
All indicators are lagging indicators for they calculate current price/volume/change/etc. vs. previous/historical. The only indicators that show present changes would be TICK/TRIN.
TM Trader