On this thread I explain my universal stop system...
Why universal ? because whatever type of aproach or setup I use this stop system still its valid... so when I design a new x setup, I dont need to design a new stop system as I always use this very same system wich I find it very reliable...
Basicly when you take a trade, you have an argument for wich you took the trade... so a stop for me is the absence of that original argument that got me into the trade...
I do believe in price action... and price action has to be measured in the relationship between moves and pivots...
Pivots swings are key "events" on any price action reading...
When I open a position, I normally do it on an inflection point (pivot).. so the inmediat pivot where I took my position is KEY for me... a swing of that pivot against me will normally invalidate my argument for wich I took the position... so that makes a stop...
So basicly my stop will normally be some pips/ticks below the pivot where I took the trade... very simple... very Tight too, for a nice RRR...
So this describes how the chimp gets stopped... cheers Walter.