Trading with a Stop Loss in the Futures Market is for Losers

[athlonmank8]

30 sec zoomed out. 1 min PA was much better at the level. Was almost screaming at me that I was correct. (I go from 30 sec/1 min to the next higher TF)

 

[athlonmank8]

Here's the 1 min PA screaming up.

 

[athlonmank8]

Here's a work in progress. 3 pip stop. ***AT S/R**** I'm short ABOVE S/R with only a 3 pip stop and PA screaming up?

 

[athlonmank8]

TA fails............ A 3 pip stop ABOVE S/R with PA screaming up most would consider this a gamble. I'll give you a hint. Something else failed before S/R even did.

 

[athlonmank8]

I forgot. Since this is ET 3 trades in a row are going to get flagged.

Here's the list of orders. Assorted by TIME. Last trade at the top is the short which was closed @ B/E. Tried to hold it for a runner.

All using 4 pip stops (or less).

 

[athlonmank8]

Quote from fullautotrading:

Not everybody reasons at "single trade" level. Especially the quants who have replaced stops with different means. A strategy is a grand plan that encopassess many trades and manages the risk within a big picture.

Again, the point boils down to the fact that using stop at single trade level, is, for most people, just the alternative to nothing.

That is, they simply don't have any other choice.

Tom

Are you referring to compounding then? Compounding signals with a trend? Or are you RTM + compounding?

If you have liquidity concerns then there's absolutely no way you're going to use a fixed stop. Is that what you're referring to?

 

[cornix]

Quote from fullautotrading:

Not everybody reasons at "single trade" level. Especially the quants who have replaced stops with different means. A strategy is a grand plan that encopassess many trades and manages the risk within a big picture.

As for quants, history proves, that, unfortunately they often control risk only to a certain degree and are almost naked and unprotected in the face of 4 sigma events. I witnessed such sad cases personally in 2008/9 and those quants were smart, extremely smart, way smarter than I am.

 

[cornix]

Quote from athlonmank8:

It doesn't. I trade through Oanda as well and i've place stops within 3-4 pips on a 10&30 sec chart setup and haven't been stopped.

Yup. Probably rip-offs do happen somewhere sometimes, but my personal experience does not confirm the theory that they are any significant factor for a trader's success/failure.

If you can trade, you will notice rip-offs very quickly and simply change the broker. And if you can't being or not ripped off doesn't matter anyway.

 

[cornix]

Quote from athlonmank8:

4 pip stop. 30 sec chart. Analysis not shown was from the 1hr to the 30 sec level.

This is just a ****cherry picked***** entry. I cherry pick them all

Ditto. I cherry pick them all too.

Because quality entries do matter!

 

[athlonmank8]

Quote from cornixforex:

Yup. Probably rip-offs do happen somewhere sometimes, but my personal experience does not confirm the theory that they are any significant factor for a trader's success/failure.
.

Yup. Surprisingly the only broker i've noticed questionable trades occur is Interactive Brokers.

I've ranted about it on here, but when i'm using 4-5 pip stops on Oanda, it's 4-5 pip stops. However, at IB one of my biggest pet peeves is that 4-5 pips turns into 6-7. Whatever their setup is it needs to be fixed or get rid of their commission structure. I tried stop limits and they get run. Considering the liquidity they're supposed to have it's frustrating.