DislikedSqueezy,
I never use arbitrary stops - they mean nothing to the market.
The only time an abritrary stop could be useful would be if you have thoroughly documented average drawdown on your level plays. E.g. If you know statistically that when you trade a D1 level you never go more than 15 pips offside, it makes sense to use a 16 pip stop.
This of course can change in different periods of volatility though.
I think stop placement on that trade is a tricky one. Point 1 is more the kind of stop I would associate with a short term trader...Ignored
Thnx
Simplicity is the key to success