What I gathered from BigE is that he doesn't use a trailing stop. He monitors the trades early on and if they pull back 12-15 pips in this period he exits. Or if the trade has moved up his way (say 35 pips) he sets his SL at BE + spread and lets the trade ride and calls it a night. Then he checks the trade 4HRs later (perhaps midway through the candle sometimes if he's on a toilet break). I could never really get on with this method - seems to me if your doing this you might as well wait till the 5min/15min charts are looking good to avoid the 15 pip drawback. But the whole point of this method for me is that I have limited time to trade and can't be watching the charts much so this trade management method didn't work for me.
15 pip "tip" is not a TMS rule.
15 pip "tip" is not a TMS rule.