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...
I will be constantly business together with stop loss as well as the stop loss is approximately 25 pips and also income will be 50 to be able to 58 level. I will be constantly acquire with oversold zoom and also promote with over ought.
It would be smart decision if the SL or TP near about Resistance and Support area. We have to choose between them because we know most of trader choose this strategy and me also love to use Resistance and Support as my Stop Loss and Take Profit area.Quote:
Originally Posted by Jazpa
mere khyal main forex main loss ko rokney k liya sab se zarori cheez knowledge hai aur experience hai in k bagar success mumkan nahi aur sirf loss hai jin ko loss ho raha hai wo knowledge hasil karain aur demo pay kaam karain aur experience hsil karain tu mujhe yakeen hai k k pher un ko loss nahi prifit ho ga
My business is generally buying and sell with stop loss, as well as the stop loss is around 25 pips that yields can be 50-59. My business is generally a buyer in the sector of oversold and in overweight.
I always conclude for bed clear as 50 pips and forestall casualty at 25 pips. So far I am successful in making nice trades. I ever position for construe realize as 50 pips and block diminution at 25 pips. So far I am booming in making great trades.
What is your perfect stop loss plan and take profit plan while trading...............I am always trade with stoploss and the stoploss is about 30 pips and profit is 50 to 60 point.I am always buy at ovesold zone and sell at overought..................
The perfect block deprivation and guide profit plans in forex trading mostly depends on the instance make in which you business. SL and TP are varied from one time frame to another. In 1m instance put the block decline can be set as 30pips and direct earn present be 60 or 90 pips. And in the higher indication cast the SL and TP faculty also higher.
while trading i use 20-25 pips on take profit and i don't use stop loss because my trade volume is too much low and i can bear 250-300 pips so that i let my trade to hit take profit.
stop loss could be a mandatory factor to firmly use, there may be several tactics to set the stop loss and on behalf of me i believe that one of the best stop loss have to be within the whole most strongest place upon the chart close to the daily or perhaps weekly resistance