I am trying to develop a rule of thumb for SL by timeframe. E.g., FXCyborg indicated 2-5 pips for M1; I noticed 25 pips somewhere in this thread on H1. I was taught to put my stop past the local structural high/loow, but that doesn't seem to apply here (or I am not understanding correctly). I was thinking along these lines:
M1: 2-5
M5: 10
M15: 15
M30: 20
H1: 25
H4: 35
D1 - M1: 50
Opinions?
M1: 2-5
M5: 10
M15: 15
M30: 20
H1: 25
H4: 35
D1 - M1: 50
Opinions?