aud/jpy stop down to 93.38 – most recent high +5 pips.
[Up until today, I’ve typically constructed my stops around what I consider to be technical support/resistance levels – plus 10 pips to allow for spread and overrun. I’ve narrowed this fuzz factor to 5 pips as given the average number of pips I’m making on my winning trades and the typical size of my stops in pips, I’m giving away too much with the 10 pip fuzz factor. I appreciate I’ll increase my probabilities of getting stopped, but a review of trades taken over the last 6 months indicate I will end up putting more on my bottom line by being less generous with my stops.]