When i mostly prefer our order exclusive after analyzing the tendencies. I change along with 50 pips area deprivation and unlimited pips of interpret profits. I don't commonly square determine vantage when i fastness unflagging little brown eyes upon the move and finis the particular orientation soon when i judge the income are enough for me.
main to sahi baat ha k free style trading karta houn or es main kabhi bhi main ne stop loss use he nahi kiya ha main to her wqt openn he trade rakhta houn jab bahar jana ho to take profit kabhi kabhi use kar leta houn par stop loss kabhi bhi nahi use kiya main neQuote:
Originally Posted by Jazpa
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. if support and resistance levels are too high then i follow my money management rules. i use 2:1 risk & reward ratio.
stop loss is 200pips then my tp is 100pips.
My average take profit is 30 pips and my stop loss is 30 pips also, but sometimes i dont use any stop loss because of using so small lotsize. My profit target is very low, just 5% per month, then i think i dont need to use stop loss in many trades
First i search next support and resistance. I put my stop loss near to these levels. if support and resistance levels are too high then i follow my money management rules. I mostly choose my Oder only after analyzing the trends. I trade with 50 pips stop loss maximal and unlimited pips of take profits............
Its not a smart idea to don't post stop loss in case you have small capital because you can lose the whole investment in just couple of minutes so always placed stop loss to reduce your risk.
I recommend to colleagues not to use the word "perfect" in a live forex trading activities. why? because perfection that we can never achieve, that we can do is cover up or reduce our shortcomings so that we can get the benefits of the forex market, cmiiwQuote:
Originally Posted by raj kumar
I am using assist resistance levels/ pivots and Fibonacci ranges for picking out support along with resistance ranges. I don't use exact level to place TP/ SL. Because i still find it wise to choose the SL along with TP levels using the market.
In my opinion I generally trade in the ratio of danger and reward which is 3: 1 which means I would like to make twice earnings of my losses and this can be quoted wih example where while i trade for earnings of 60 pips My spouse and i place my quit losses at 20 pips.
In take profit and prevent loss, I follow some strategy. To begin with, I have to get noticable that the period of time. If time framework is fifteen moments I generally 5 end loss and 10 take profit. And while i trades with four hour period of time I Generally offer stop loss 10 pips in addition to take profit thirty pips.