im going to go out on a limb and take a guess at what they do.
most of them dont use a trailing stop in the traditional sense.
they trail stops and manage the trades based off of a very good understanding of side to side support and resistance.
that could be something as pronounced as a huge well developed pivot zone or as simple as a singe bar high/low or possibly two of them.
to new people that sounds complicated and very subjective but its not.
its the simplest thing you can imagine.
just a little time and practice is needed.
have you watched the guest videos?
jim
most of them dont use a trailing stop in the traditional sense.
they trail stops and manage the trades based off of a very good understanding of side to side support and resistance.
that could be something as pronounced as a huge well developed pivot zone or as simple as a singe bar high/low or possibly two of them.
to new people that sounds complicated and very subjective but its not.
its the simplest thing you can imagine.
just a little time and practice is needed.
have you watched the guest videos?
jim
DislikedWhile we're on the topic of 'moving to B/E', I had a quick question...I've been trading with a 45 pip trailing stop with a target typically around 200 pips away. Obviously after 45 pips, I move to B/E, but then I typically get stopped out no where near 200 because of a retrace in between a 200 pip jump.
I'm amazed at you guys that can pound out 500-1000 pip trades - what do you do with your trailing stop? Do you just put it really far away (<100 pips) and let it just continually go until you hit your target or do you move your stop up after every...Ignored