yes friend you are right we should not put stop loss just by numbers.
I also think its all depend on how much you afford to lose and we have to put stop loss by checking resistance and support levels. so its depend our trading style.
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yes friend you are right we should not put stop loss just by numbers.
I also think its all depend on how much you afford to lose and we have to put stop loss by checking resistance and support levels. so its depend our trading style.
Aap ka jo ye market ke trend ke hisab se stop loss lagane ka tarika hai woh muje perfect lagta hai kyoki Forex me situation hamesh trend pe depend karti hai aur ishi liye hume stop loss ko bhi ushi hisab se set karna padta hai aur main bhi yahi process follow karta hu.Quote:
Originally Posted by ayan12
i anticipate some area about 20-30 pips. but of advance it shall be absitively according to your MM an plans. risking our money for abundant extend is consistently some what brainless .we shall accomplish an adapted abode for SL's in our strategy.
for placing the stop loss for your order you must have to assess the risk that you have to take for your trade after that you have to decide the volume and according to that volume you can place the stop loss at that point and at the major level.
The best is when you are about to trade just use about half of your take profit as your stop loss to be in a safe side and i think that is also the right risk/reward ratio for a good trade.
it is not rule because it differs from one to another according the method of trading there are many strategies don't use the stop loss for me i use 30 pip as stop loss in normal condition of market
If you have a good trading system, determine a good stop loss will be easy for you. Because a good trading system teach you about the reason and analysis why you open a trade, and then where the point when your analysis is fail. Now I trade with a trading system that give me just 7 pips for my stoploss. I hope I can make a consistant profit with this trading system.
Setting stop loss and take profit depends on market situation..
sometimes you can set stop loss to 50 pips only and sometime you can make it 200 pips..
I was really scared when open orders without a stop loss, if I usually use a stop loss to avoid larger losses when prices moved against the prediction
by placing SL or cut loss if our analysis one is going to keep our account of the MC that can bring us down to what we do so that the MC and usually we would regret not using SL .