I read your mind since you spent some time in boston. I also shorted NY open. I use tight stop loss when i take a position against trend. This week trend has been down so wide stop loss for shorts and tight stop loss for longs. Certain times probability of market structure changing due to THIRD FORCE ( credit for this expression goes to FutureTrader71) is higher than others. An example will be when everyone expecting DOE report on Wednesday coming out a certain way but it catches most traders on the wrong side etc. THIRD FORCE= an event which is un expected. Note: Closed short position at 103.72. I had enough. When price refuses to stay below ORL ( Opening Range Low), i give up. I use 8.30 am till 9.15 am eastern time 45 minutes OR to get my bias for the day.
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I don't use a stop larger than -8 cents (ticks) at the most and commonly use -5 cent (tick) stops for CL trades. If those stops won't hold, chances are -20 or -30 won't either. If the entry is correct, CL trades usually take no heat at all. For the trades that stop, it's far easier to erase -8, -8, -5 with +52 on four turns.
Got caught on shorts from yesterday into the close 103.45, held overnight, added to short at NY open today ( wrong move) with wrong position size. Had to fight way out of by adding shorts around 104 etc.