only most profession trader can put a perfect stop loss or take profit...i always put a sl and tp on the base of risk take and available equity ..nd this is the my strategy for sl and tp and i hv succeed in it
only most profession trader can put a perfect stop loss or take profit...i always put a sl and tp on the base of risk take and available equity ..nd this is the my strategy for sl and tp and i hv succeed in it
wasa tu 25 pips jo hain woh very tight stop loss hai kion kay prices jo hain woh kafi movements karti hain tu humaya chiya kay long ranges ko follow na karain lakin app lucky hai tu getting good result form it.Quote:
Originally Posted by Jazpa
stop loss is not a plan for profit but rather a plan to cope with excessive losses ..
so you will not lose too much, when you are wrong in reading the state of the market ..
yes, it is a good strategy because if the accuracy of our analysis and prediction is 50% then we will continue to profit in the end result of our trade, but I suggested that we put a stop loss that is not easily touched by the price we must pay attention to the point of support and resistant ....Quote:
Originally Posted by Jazpa
maybe you can use the suggestions from my ie, dengna SL 25 and the target points as possible ..
if you are intending to play it safe you can apply at 50 pips is enough and it's very possible ..
In take profit and stop loss, I follow some strategy. At first, I have to notice that the time frame. If time frame is fifteen minutes I generally 5 stop loss and 10 take profit.And when I trades with four hour time frame I Generally give stop loss 10 pips and take profit 30 pips.
I set my stop loss and take profit to use my strategical plan that is I set my stop loss where my loss is 2% and set my take profit where my profit is 5%. I always use stop loss and take profit and my expectation is every 5 trading order if I win 2 trade then my total profit is 4%.
I think all trader should be use the ideal stop loss is between twenty to thirty pips. because i notice that the majority of the time if the worth reach this way it'll still the opposite facet and wont come back back for a jiffy. And that's why I set my stop loss all should be use at this levels. And i believe that this is often simply base on my expertise.
If you are long term trader then its not good SL and TP. In long term trading SL and TP is select on base our trading system or analyses. According to my money management and trading system my stop loss is 250pips and TP is not fixed.
I use proper indicators like fib to determine stop loss and take profits but i usually put stop loss of 30 and take profits of 60 as forex is volatility and doing better analysis we can easily get to that level.