My way of placing stop and take profit!

[zoomfire]

normally i never provide stop loss but when i am away from system i provide stop loss to protect.
but i have a ratio of stop loss too.3 parts profit means 1 part of loss.

[mazinstafx]

Hi everyone, I just want to discuss about how placement of stop in one's trading play an important role in your profitability as a trader. Some traders want tight stop in order to limit their loses, and some newbies position their stop at the wrong place, making it vulnerable of getting hit. Placement of stop should not be looked as negative thing, its our ally in protecting our capital.Setting proper stop in one'strade will give our trade enough room to make it profitable.One technique in stop loss placement I use is the 00 level, most traders view a 00 level as psychological point where most traders, banks and big institutions considers closing or opening a positions. So my advice to newbies, if your stop falls near or at the 00 level don't put it there, chances are it will get hit easily; sofor example your stop falls at 1.2200, place it 1.2190 for buy or 1.2210 for sell positions, the reason for this is to avoid the 00 level that will likely be reached, and I have experienced it a lot before. I use 10 pips allowance to give enough space from spikes, if you can do above 10 pips then its better but not below it.In the opposite place your target at 00 level because it will most likely be hit.

seems like a good strtegy i wil definetly try it in demo first as u cannot trust any strategy just by seeing it it should perform consistently and if it does in demo then i will trade it on real account.

[michael]

My way of selection of points to take profit in the trade of foreign exchange. Is very clear where the selection of 30 points as to the arrest of loss rates is clear. Now trade foreign exchange required to learn this skill before entering this type of investment. But not always used the method of issuing pending order.

[silenteyes]

normally i never provide stop loss but when i am away from system i provide stop loss to protect.
but i have a ratio of stop loss too.3 parts profit means 1 part of loss.

I usually place stop loss double than my take profit. It means that if I lose a trade then I have to win 2 trades to make it break even. In using close take profit we can give ourself a good chance of winning more trades.

[songkok]

To be able to identify where the location of stop loss and take profit where the location we can identify it by identifying areas of demand and supplay. I tried to love the example with a picture so we can better understand.

[anoha]

I am the way I put a stop loss and take profit based adoption of the kidney on the price movement and the strength of the trend and the deal is open, sometimes closed the deal before the price reaches the target in the profit and also at a loss, if confirmed, he will be up to the stop loss order. This is not a constant with me according to market movement

[songkok]

I am the way I put a stop loss and take profit based adoption of the kidney on the price movement and the strength of the trend and the deal is open, sometimes closed the deal before the price reaches the target in the profit and also at a loss, if confirmed, he will be up to the stop loss order. This is not a constant with me according to market movement

Get used to replace or menggeres stop loss from minus to +1 minimal. This will minimize the losses that would later be your responsibility. These systems often do I do although often well-known SL +1 but no time to lose and no profit, he will continue in line with what we expect.

[ashwini]

i use different method and its depend on the markets.
what i follow the candlestick first ,,i draw the horizontal line and get the level of next support and resistance.
then i chek the pivot points. after that i analysis .. which is the best place to given my stoploss and take profit. so with this.. i make the maximise profit. form the market .

[jg6073727]

this is good option but very difficult to know. only use TP and Sl. Use SL if you have a big trade never left a trade without SL. Ift cans leads you to a big loss

[rookie001]

I am sorry but I have read about this way of thinking on the internet and don't agree with it. Because from wherever you got that idea ... is dumb enough to rule out the drag of the market that it does on almost every swing, move or trend with psychological selling and buying ... leaving the place for retracement and/or correction. If banks think they wanna respond to 3200ish level, for example, I don't understand how in the world are they gonna stop the pour in selling or buying from random traders ? The price could move even 25 pips plus/minus and hit the stops ... so that is no way of speculating but people with gambling mentality do that kind of stupidity, by following some golden number or a numeral closer to their boasting. My advice would be to review your thinking about it.