DislikedQuestion
I watched all of James's video from the free part of the PF and it seems that he doesn't like to lose more than 30-50 pips a trade. So do you all usually keep your stops static within a certain range?
I started thinking about it after I recognized that the really A+ Pin Bars are sometimes longer than 100 pips especially in the daily charts and +.
Thanks AheadIgnored
You are entering the age-old quest of increasing rewards without increasing risk. Very tough to do. In fact, I'll propose to you that it may not be possible.
Look at taking a PB with a different kind of entry - perhaps an entry of a fib level retrace. This will increase the value of your Reward, but your Risk moves up with it.
So, going back to your original question, is it reasonable to set a different SL level rather than the full bar? Sure, but you assume more risk in doing so. It all comes down to tolerances and what *works* for you.
I'm pretty much done with all this ...