Quote from spike500:
No i don't need 30 minutes, what i need depends on the stage where my trade is in the system. It can be hourly, 30 minutes, 15 minutes, 3 minutes or even 1 minute.
The trades stopped by the 2 points stop represent less than 5% of all my trades. I never had a really big move that went against my position. It all depends on how you built up your trade. All the big moves that happen are always in the direction of my position. The biggest loss i had the last years was 3 points slippage included.
I always trade my system; the stop is only necessary to prevent that the loss would get beyond 2 points without a signal from my system.
My entries are very good. This means that from entry till exit the entry was the best quote available (more or less) but this doesn't mean the high or the low of the move. It means that from the moment i enter the prices move in favor of my trade and give me immediately some space and time to let the market do the job without being in a loss. That's the most comfortable position to trade.
Yesterday my system was long when we went up heavily. Unfortunately i closed my long just before the FOMC announcement, i was worried about the reaction and the profit was to small to have enough room to let the market move with a small risk.
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