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In my very short intraday time frame I have a fixed stop in pts, however, if market has a good support - e.g. strong double bottom/top nearby - I increase my stop, but not more than to double. That happens sometimes in flat cosolidations with a narrow range when I'm waiting for a breakout or after
exhaustion blowout on retest of the High/Low.
For the Euro the stop is 10 pts, based on adverse excursion method, confirmed
by hundreds of trades and is hit in ~2% of trades.
I don't see any regularity in results regarding trades with adverse moves as compared with others.
Jan Philipp
-----Original Message-----
From: Joe Duffy
Sent: Oct 7, 2005 5:40 PM
To: realtraders@xxxxxxxxxxxxxxx
Subject: Re: [RT] Trade Management
I kept track of my trades for a while and took the info apart. What I found was the larger the trade was offside the less chance it had of being a winner. Sort of obvious I guess. But I also found that the majority of the time it was a better strategy to adjust the target based on the worst price in the trade, rather then just let my stop and target sit after entry. The other thing I found was all in/ all out was better then scaling on either side.
My results are based largely on short term trades. My average stop is in vicinity of 3 SP points,12 bond tics, 30 Euro pips. If your going longer term and using trailing stops your situation is perhaps apples and oranges to mine. However I have never found trailing exits to be a viable strategy compared to price targets/ technical occurences (ie pierce of BB).
----- Original Message -----
Sent: Friday, October 07, 2005 4:10 PM
Subject: Re: [RT] Trade Management
My stop is placed at the point where my strategy was wrong so if price comes close to the stop but does not stop out, I will let the trade run. That said, if the approach to my stop and move away are such that the technical characteristics of the trade have changed, I will consider exiting the trade.
Earl
----- Original Message -----
Sent: Friday, October 07, 2005 10:45 AM
Subject: [RT] Trade Management
If your in a trade and it almost gets stopped out, but doesn't quite, do you have (i) a rule that says scratch it around even if you can and be thankful, OR (ii) just use the same exit if the trade that was never offside and just boom went your way?
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