G: Great idea. I'll give it a go.
Honestly, I don't move stops around so much on bonds and ES. I will completely take them off when there is a planned 'major' news release; such as Thursday Job's Numbers; FOMC 2:15 announcements, etc.
The HFT black boxes whack the market in both directions. Many times in those sort of planned news releases, I'll flatten out prior to the news release and then enter really far away orders that are in my favor given
my over all statistics.
Today, I removed the stops on ZC prior to the Ag report coming out knowing full well it was going to get ugly, but my bigger picture was still bearish. I messed with the stops for the 6:00 opening anticipating some
re-analisis of the data or some such thing.
Nevertheless, your advise is awesome. Stops management is really tricky. I don't find that using the old school of a "a stop is a stop and leave it there forever" is just too smart thing to do when the big boys
see all the orders and run stops.
Appreciate the thoughtful idea and details in that chart.