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Hi @ijcarruthers
Thanks for following. Yes - normal stop is 30 points.
Tight stops might occur when a setup is seen but price is moving opposite right away.
Example price is near a resistance and should turn but does not.
So these stops can vary depending of the situation from 10 to 20 points.
GFIs1
Can you help answer these questions from other members on NexusFi?
Thanks - normally if the stop is tight - it is announced at entry time.
Very rarely I stop a trade manually - but 98% of trades are playing out - either
stopped or taking the gain.
To keep the risk of stop hunting little I prefer to get out of a trade before important US numbers.
There are of course exceptions - especially before longer weekends where the numbers will no longer
attack the morning entry but will continue the path since opening.
..the Dax will be traded though. As I think that US futures are influencing the Dax more than GB's there
should be a normal week in the Dax.
The main point is that if there is a US or German holiday during the week - the normal money flow in
the markets and flow out of the markets is no longer in order (aka higher vola with lower volume).
In those weeks trading futures is of higher risk.
Just a thought.