Eclectic

Quote from handelaar:

Hello B1S2,

You just lowered your stop on the EUR. Why to exactly this price?
Why not 10 pips higher or lower?

You general rule on stops is: outside the reaction high/lows.
The reaction high on the 60m is (I would say) from a few bars ago (1.5840)
Why 22 pips more?

Or is your stop determination a mouseclick based on visuals, and did it happen to be 1.5862

Just trying to get a better understanding in your stop determination rules.

Thanks!!
More...

I like to have my stop somewhat outside the reaction highs/lows to give it a little room to work. As the trade progresses, I will attempt to tighten a bit. The amount outside the reaction highs lows has a lot to do with how fast and quickly the market is moving. I can't go into that a lot as it would take quite a number of pages and is based more upon live experiences. :)
 
Quote from Buy1Sell2:

Long Jun Canadian Futures here at .99280

Initial Stop .97500:)

Maintaining Long ES --Stop remains at 1362.75
More...

Out at .97940. Loss of 134 Pips.

Continuing to hold Euro FX short here.
 
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Quote from Buy1Sell2:

Short June Gold 898.90

Initial Stop 905.80
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Stop lowered to 899.50
Stop lowered to 893.90
 
Initial trade was 1.58800 short Euro FX

Quote from Buy1Sell2:

Looking decent so far. Stop has been lowered to 1.58620.


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Stop has been lowered to 1.57730
Stop lowered to 1.56380
 
nice trade on that Euro. Gold is thinking about dumping, I thought that the breakdown last night to 980 was it, but it came back.
 
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Quote from Buy1Sell2:

Short June Gold 898.90

Initial Stop 905.80
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Stop lowered to 899.50
Stop lowered to 893.90


Stopped at 893.90 Profit 500 bps
 
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