The average daily range is 10 maybe 12 points. why have a stop at all you might as well go hang yourself if you think 15-20 points is a safe stop the market will rove around in a 30 point range most weeks when volitile and not trending why would you do that do you expect a 100 point run every 3 weeks - what a load of crap get real. BBG
Obviously I'm going for 40-50+ point trend moves on a longer time-frame with a stop this size. You can't really ride most of those moves with <10 point stops. And if you use bigger stops, you will give back too much of your profit when the move reverses. If you have an alternative stop size you like to use to capture trends on a multi-day/week timeframe, feel free to enlighten us.
I thought it was 8 points, according to my MAE and MFE analysis, Cutten...I need to take another look at the ES and re-evaluate and adapt...Thanks. Michael B.
surely a stop should be placed according to market volatility and time horizon? actually - forget that question mark as it isnt a question is it - its common sense!
It is far easier to re-enter and anyway a trend over 50 points would probably give me an opportunity to make 100 points or more moving in and out.
I had a little spare time today to look back and see what other people think of you Michael B. It's not very good mate. If I were you I would take Scientist's advice and crawl back into a cave someplace because I haven't seen anyone supporting your shit in here. In fact I haven't seen anything in here that remotely looks like you are anything but a PUD PULLER. )) BBG
Well what could you expect otherwise from you. A one liner that is as old as the hills and really shows your IQ rating, probably about 45 I guess. Once a dope always a dope - and yes I would love to sell you a car because I would stich you up so bad you arse would be bleeding for a year. ))) BBG
ok Wave...but I can't play with you just now, I am going out for a nice walk with my wife and have a cup of coffee at starbucks... Cya, Michael B. P.S. by the way, get a life...
Do you walk the dog as well? Starbucks! Jesus Christ you are acting like a Yuppy! Why don't you drive down there in your BMW and park it out the front? Your a total wanker of the first degree you imbecile. ))) BBG