If trend has been correctly identified and the trader is trading with the trend, then proper stop placements typically are not "taken out" with as much frequency. Stops must be chart based and then cross referenced with the account size to determine the proper position size. Stops must be outside the noise. You will from time to time give back much of your profit, but over the long haul will generate the large winners needed to move the account balance forward. Stops also need to be trailed outside the noise. Even if the market can see your stop, it generally will not be hit, if trading properly with the trend.
Doesn't work that way. Sorry--the market doesn't allow it and so we don't here either. I used to not post stops, but then realized that the market could care less about me posting stops. The reversal occurred today on the 60, the 15 and the 10 today at 1214.75. A stop could have been placed at 1212.75 (outside the noise) and you would still be long right now. The correct stop would now be trailed to 1222.00
Buy1 I disagreee with you about gap fills they are very important to me on an intraday and longer time frames. My experience is that gaps fill usually just a matter of time. Here is a big gap fill on GOOG took 3 months to fill. Just one man's opinion.
We have been through this before. If you donât wish to disclose your exact stop, then you can post your worst case stop. B1S2 just used a 39 point stop for a 16 point target. I imagine most here would have a worst case stop of less than 39 points where you will get out far earlier, so you can just post a wide stop, and then post if you get out early when your actual stop is hit.
And sometimes the market just continues on . Worse yet, the trader using gap analysis then incorporates volume and begins to question their analysis. Do as you wish, but these are two items that are unneccessary to successful trading.
I remember that... it wasn't a valid argument then and it isn't a valid argument now. If you use stops, they should be posted. If you don't use stops, then say so. Saying that the the ES journal is being monitored by the street, just waiting to be told the ET membership stop placement is just ridiculous. Osorico
Certainly. --keeping in mind that the trader using the wide stop will be held accountable by the market --and this thread. Saliva's paper trade is currently down 9 points. I do hope it comes back for him which it probably will sometime.
I should have added that ET and this thread in particular has helped me a lot more in stop placement.
Thanks for following up in support Osorico. I would mention though that while we allow someone to say "no target", we do not allow "no stop". Not defining a stop is disingenuous to the readers of this, the quintessential ES thread at ET. I would also state that someone using a very wide stop, will have their trade disregarded as well, if they come back in in a very very short time frame to state that they exited.