Soz Patong1, not disrespecting you there, l personally use the...

Soz Patong1, not disrespecting you there, l personally use the term profit stop to refer to stop losses I have placed badly.

Interesting what you and Nahman are talking about re spikes and capturing them. I have been toying with an Idea for the last week, to create a 'spike catcher' Basically open a contract and get the trade in enough profit to cover the cost of another contract in the opposite direction, then open that. So, you have two contracts, one buy, one sell balancing each other out. you then let them float together with a profit limit (profit stop) and no stop losses. When a spike occurs, the appropriate profit is taken in the direction of the spike... Risky as buggary if price continues in spike direction, but an intriguing concept never the less...

;)