[brownsfan019]

I would suggest one thing guys - make sure you test this theory before putting it into play. It's easy to find trades where this would have worked, but I am sure you can find trades where it took you out prematurely.

I toyed with the exact same thing you guys are and found for me it did not work. The reason being that it's very realistic for a trade to move in your favor, retrace a tad (and take your stop) and the continue the move in the direction of your trade. That happens a couple times to you and you will rethink this.

I've found that I need to give a trade 'wiggle' room. It's too easy for an aggressive stop to be ticked out. One thing you may want to consider - BE MINUS 2. The theory behind this being that if the price comes past your entry point, then you are wrong and want out. The price moving to BE + 1 does not prove that you were wrong, which is the point of a stop.

Just an idea.

And of course the other consideration here is that if the majority of your trades move to +7 or +8 and then retrace, perhaps it's time to adjust your profit target. Is 2 ticks worth taking heat on a trade and losing or making 1 tick before commissions? I don't know, you need to answer that.