In the 15 minutes charts I thinks stop loss may 40 pips and take profit 10 pips. And others time frame as a ratio on 15 minutes charts after follow the money management rules. If any one not follow money management so they depend on their response.
In the 15 minutes charts I thinks stop loss may 40 pips and take profit 10 pips. And others time frame as a ratio on 15 minutes charts after follow the money management rules. If any one not follow money management so they depend on their response.
placing stop losses and take profit for my adal a must when going into the market, but sometimes I forget it, and if there is a little greedy attitude in me then I will not put stop lossesOriginally Posted by Sujana
For virtually every explanation if you're lack of by marketplace you are able to minimize the risk by means of placing stop loss and acquire benefit. by means of this technique you are able to control the benefit and loss. I think greatest thirty five pips and bare minimum thirty pips is considerable although in excess of or less than it might be risky.
Along with considering that stop loss should not be bigger than the target we should ensure that stop loss is set at a level which is considered strong and market is not going to reach that in normal conditions, also target should be such that is expected to hit and it should look difficult to move market much beyond that target.
Nice tips, especially the one about the psychological level. It is very effective because most traders put their take profits at major levels like 00 and minor psychological levels like 50. This means that they will ensure push the price to reach this level before taking profit. However your take profit and stop loss should naturally border on your entry and risk to reward allowance.
For any reason if you are absent from market you can mitigate your risk by placing stop loss and take profit. by this technique you can limit your profit and loss. I think maximum fifty pips and minimum twenty pips is considerable but more than or less than it would be risky.
To define place stoploss order I use readings of indicators depending to my rules. I do not look at 00 cases or something else. Just my indicator and my rules.
I do not use my stoploss point as a enter in opposite direction. I am a trend trader and I exit trade if trade is weak. It is not a signal of reverse but just a signal of weak trend. The price can reverse here or it can move sideways, anyway I have to get out.
thanks for your opinion, i think your opinion i good. i try to follow your tips, and i hope you share your others tips.
In any strategy of market we need good management and good strategy too, every business out there has some golden rules or requirements that one must follow in other to be successful. The effectiveness with which one applies these principle determines how successful
i think using stop loss in right price closely related with support ressistant line. it will be more accurate because the price moves fluctuatively and so difficult to prediction in sort time range. it just my opinion
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