What is your perfect stop loss plan and take profit plan while trading?

honestly, i am really confuse about that.because i can not determine about stop loss function in forex.because i lost 5 times for place stop loss.may be i need to learn about how to determine of balance or volume in instaforex.

in making take profit for me.
I usually just take advantage of 5 points any time of day, but with a large lot, and it runs a week yesterday, thank god I am successful with this trading system.

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Originally Posted by hitcola

stop loss is a mandatory thing to use, there are many ways to set the stop loss and for me I think that the best stop loss must be in the most strongest place on the chart near the daily or even weekly resistance

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agree, stop lose is to keep in case of trading we lose too much experience but if when we put the trading stoplose depends how much he's willing to make trades and put takeprofit also

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Originally Posted by shah.zoor

25 pips is a bit of very tight stop loss. Price mostly moves in long ranges than that, but you are lucky if you are getting good results from it. I always set the SL and TP nearest to the support or resistance level and ofter alter it as the price moves on.

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For a position trader, that 25 pips SL do very tight SL. But for some intraday trader or even scalper, that 25 pips is good enough to just cut loss their loss as minimum ammount and start gaining better profit in next trade position. Like people said, cut your loss tightly, and let your profit run over the chart. :)))

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Originally Posted by mkape

That a good reward to loss ratio,to make good use of this targets it would be better to be guided by price action,you should consider placing a stop loss where it will not likely get stopped out and that is below support and above resistance levels

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The application of stop item is necessary to be done . but i think i will wear discharging stop item if it is the market and from the results of the analysis . Because stop item is one of the best strategy , but it can make us annoyed when SL untouched , and prices back and that don ' t you ever regret .

Price mostly moves in continued ranges than that, but you are advantageous if you are accepting acceptable after-effects from it. I consistently set the SL and TP abutting to the abutment or attrition akin and ofter adapt it as the amount moves on.

I concur with you..but in instance we don't soul many measure to fund the Forex then we can go for hour long minute. few monger appear heat job with continuous background on computers. they can organization their trading system that not condition to sit a lot of clip in cheater of scheme. I am also doing durable quantity trading and learning unaccented constituent. in lifelong term trading I use stop disadvantage but in mulct word scalping trading I am not using forestall red.

I'm generally utilization stop loss in forex market.I'm take profit at 40 pips and stoploss 25 pips.a bit of time trend just weren't great for me or towards me then I'm taking quick decision and get small profit.

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Originally Posted by Jazpa

I always settle for take profit as 50 pips and stop loss at 25 pips. So far I am successful in making good trades. What are your orders?

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well i all always trade with high volume so if i put any stop loss then it should be to dangerous for me so i never use any stopp loss plan i traded untill my loss converts into prft..

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Originally Posted by Jazpa

I always settle for take profit as 50 pips and stop loss at 25 pips. So far I am successful in making good trades. What are your orders?

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main to dear sahi baat ha k forex trading main na koi bhi stop loss use he nahi kart ahoun kioun k mugh ko pata ha k es se ham ko profit kamaney ka muqa kaam ho jata ha