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My 6E trading strategy

  #808 (permalink)

Trading Experience: Intermediate
Platform: NinjaTrader
Broker/Data: AMP
Favorite Futures: ES
Posts: 77 since Apr 2010
Thanks: 169 given, 34 received

Trade at 9:50CST

I have question about the stop on the 9:50 trade. After the low of that up bar at 9:53 is taken out isn't the stop moved a tick or two above that up bar? My chart has a high of 34 on that up bar and so the stop would be at 35 or 36 which would have been taken out with about a 3 or 4 tick profit before the market dropped.

I'm not too clear when to tighten the stop.