At the risk of bogging the thread down more, Iāll repost some info because it relates to the whole discussion of moving stops too early and getting stopped out. I know this has been discussed before, in detail, but I donāt think itās clear to everyone. So here it is again, the (not so) top secret trick to make all this stuff work.
The market doesnāt move in nice steady 15 or 20 or 30 pip moves. We have to adapt to the market as it is. The market may be up 7, 12, 32, pips on an upswing, then make a breath taking 40 pip downswing clearing out stops, followed by more jagged moves up again, but thatās a correct uptrend by definition.
To trend trade, you want your stop to follow an up trend always below a previous higher low, and in a downtrend stop should follow above a previous lower high. Whether itās 1, 2, or 3 lows back behind price depends on how much stop you want to run.
So, to keep from getting stopped out and stay in the trend, donāt move to BE, take profits, or put on more lots exactly at your chosen even interval. Say itās 30 pips in a downtrend, wait until the price establishes a lower high, in the neighborhood of 30 pips, then stair step your stop down and put another lot on, move to BE or take profit. It may be 17 pips one time and 43 the next time, but thatās the way the market moves.
If Iām trading the 1H chart, Iāll usually drop down to the 15M or even 5M chart to clearly see the new highs or lows forming. When starting in a trade, I want my stop on the other side of at least the last high or low. The CBL entry allows you to do that from the beginning of the trade. As the trade develops, I will put more new highs or lows between my stop and the price to give it more room to breathe.
Note that when Iām trading the 1H chart, Iām just looking for a cheap entry to a longer term trade. If I donāt get that cheap entry, I settle for small pips and try again. But that just suits me. Others will trade differently.
My point is, move your stops and put new lots on with the marketās new lows or highs to keep from being stopped out. That might be 20 pips on one lot and 45 on the next, but thatās the way the market works.
Tymen went through all this before, but itās so important Iām repeating it.
An uptrend is defined by a series of higher lows. As long as price stays above that series of higher lows, that is price doesnāt form a new lower low, it is still in an uptrend, no matter what head fakes it gives you. As long as your stop is positioned below that latest higher low, it is still properly positioned to stay in the uptrend. Reverse for a down trend.
Thatās what makes this all work, for me at least. Try it, itās great fun 
Hope this helps someone. Happy trading.
