No, just been busy getting man handled by the future okes (hi chartist!). In a previous post on your thread I mentioned to do what you are suggesting here. Except it is triggered trades, meaning you dont place them until a certain pre-condition have been met, then the system automatically places it for you (this is not on OST!). The reason being that you want to trade in the direction of the move and you cannot place a buy higher than the latest bid, except with a trigger trade. Where to place it all depends on the volatility. You want to be outside the noise and dont want to be picked up in one direction only to see the market reverse against you. Also, the place where you put your trade is most likely where the market may trade up and down several times and can throw you around. today on the top40 5min a break below 19300 would have been a place to look at going short around 19280. On the upside, to me, it would have been above 19510 (most recent highs at around 13:35 and 15:20) at around 19530. The sudden drop at 16h30 with the dow open would have put you on the egde and could have shaken you out. A stop of 50 below your entry could have been taken out with that drop. Or you could have waited to see how the 16:35 closed and decided to cut or hold. In this case it would actually have been a hold into the close.