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Re: YM stops based on pivots
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Hi,
I trade YM on 5 minute timeframe and have found that when I enter trades and look to place my stop below the recent pivot low for longs that it is in the 30 - 40 YM points away from my entry. This I find to be too large. This may all be a function of my entry signal but was just wondering what most people use as a normal stop loss range in points on their entry for 5 minute or other timeframes.
I may switcht to a lower timeframe if that means smaller risk on entry.
I would really appreciate any comments.
thx,
Freddie |
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For the YM I like 3 minute and 144 tick charts depending on the signal.
Check those out and see if it improves or impairs the quality of your signal.
My guess is it will improve entry and exit as well. 
__________________
Price is simply the 2 way auctions method of advertisement. Volume measures the willingness of market participants to transact at the advertised price (AKA perceived value).
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