gains 50 points you get for how long. for one week, one day or one month. if we use a large capital, and lots of pretty. we only get 10 points I think enough. stop loss 25 seems less appropriate when we use a pair gbp-usd and eur usd.
gains 50 points you get for how long. for one week, one day or one month. if we use a large capital, and lots of pretty. we only get 10 points I think enough. stop loss 25 seems less appropriate when we use a pair gbp-usd and eur usd.
am slect 30 pips as take profit and 20 pips as a stop loss in this way you make profit but all ways this strategy do not work properly because this depend on your market watch powerQuote:
Originally Posted by Jazpa
I am always use stoploss in forex market.I am take profit at 40 pips and stoploss 25 pips.some time trend were not good for me or against me then I am taking fast decision and take small profit.
if you are scalping trader than your tp and sl is good because its the target of scalper trader.Quote:
Originally Posted by alvabra2010
but 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 300pips and tp is not fixed. i use tp on base the my trading system. some time tp is fibos 38.2 level or some time its near to support and resistance level.
mujhe apki strategy bilkul bhi achi nahi lagiQuote:
Originally Posted by lovereurusd
apki baaton se lagta hai ki aap market ko thik se samjh nahi paye hai
sl aur tp ko hamesha support aur resistence ke hisab se set karna chahiye..apne man se koi bhi value set kar dene se apko profit nahi milega
I place my target below the immediate resistance which i notice by watching trade and so my trade is closed before others and and increases my chances of winning and my stop loss just below the support so i loose only if support breaks for which there is less probability as market hit several times before breaking a support.
main to ager scalping karoun to market ko dekh kaar he koi faisala karta houn na k pehele he decide karta houn k itne pips tp sl rakhoun ga ye market ki us wqt ki condions par he depend karta haQuote:
Originally Posted by Jazpa
In my view Trading must be done in discipline. By money management all trades can be done safely , i use 40 to pips in stop loss limit and 15 to 30 pips in take profit with a medium lot size. that gives me enough pips.
hmmm, its good but i think you need to set ur SL and TP according to support and resistance level. Ma tu in points k hisab sy SL aur TP set krta hon aur ye k kuch strategies main SL aur TP us strategy k hisab sy use krni prti hy.Quote:
Originally Posted by alvabra2010
i am trading long term so in my long term trading my first and last stop loss is 300pips.
now day i am trading and learning scalping but i am really can not find out what is the right stop loss..
i test in demo i find if i trade near to support and resistance then there is no need to set stop loss trade will close with 10pips tp.
so i dont use stop loss in scalping trading but i use trailing stop..its give me profit if my trade move in profit.