My way of placing stop and take profit!

Most of the time stop loss in hunted, if any trader my stop loss is 50 pips and take profit 100 pips. *I want to earn double with single risk.

its depend to pair what i take to trading in that day, for US/JOY i ever achieve occlusive loss its 20 pips from point and neaten spot is 15 pips, because US/JOY defecation not relay extreme.

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Originally Posted by Ammie

Hi everyone, I just want to discuss about how placement of stop in one's trading play an important role in your profitability as a trader. Some traders want tight stop in order to limit their loses, and some newbies position their stop at the wrong place, making it vulnerable of getting hit. Placement of stop should not be looked as negative thing, its our ally in protecting our capital.Setting proper stop in one'strade will give our trade enough room to make it profitable.One technique in stop loss placement I use is the 00 level, most traders view a 00 level as psychological point where most traders, banks and big institutions considers closing or opening a positions. So my advice to newbies, if your stop falls near or at the 00 level don't put it there, chances are it will get hit easily; sofor example your stop falls at 1.2200, place it 1.2190 for buy or 1.2210 for sell positions, the reason for this is to avoid the 00 level that will likely be reached, and I have experienced it a lot before. I use 10 pips allowance to give enough space from spikes, if you can do above 10 pips then its better but not below it.In the opposite place your target at 00 level because it will most likely be hit.

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my trick places stoploss is 30 pips and takeprofit 120 pips but way this experience failing on me, I will try again with arrangement a new one, which is stoploss 100 pips whereas takeprofit 10 30 pips. I perceive this will better

I put a trade correctly is very important for us traders to learn. This now means that we have to learn it. If we do not do that, then we will not make the profit you want in the forex business.

alright thanks very much for your time taken to give out the best way to trade based on how to set stop lose and take profit and i just have to give it a try to know the best way to make use of it in the market

Nice tips, especially the one about the psychological level. It is very effective because most traders put their take profits at major levels like 00 and minor psychological levels like 50. This means that they will ensure push the price to reach this level before taking profit. However your take profit and stop loss should naturally border on your entry and risk to reward allowance.

its depend to pair what i take to trading in that day, for US/JOY i always accomplish block amount its 20 pips from spot and wee aim is 15 pips, because US/JOY defecation not relay extreme.

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Originally Posted by fxrock200

Nice tips, especially the one about the psychological level. It is very effective because most traders put their take profits at major levels like 00 and minor psychological levels like 50. This means that they will ensure push the price to reach this level before taking profit. However your take profit and stop loss should naturally border on your entry and risk to reward allowance.

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psychological in every trade, use and need risk and reward and will get educated psychological management, use with psychological and analyse and make small risk in capital that will get benefit and make capital will get reward in every trade

---------- Post added at 01:49 PM ---------- Previous post was at 01:46 PM ----------

Quote:

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Originally Posted by fxrock200

Nice tips, especially the one about the psychological level. It is very effective because most traders put their take profits at major levels like 00 and minor psychological levels like 50. This means that they will ensure push the price to reach this level before taking profit. However your take profit and stop loss should naturally border on your entry and risk to reward allowance.

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psychological in every trade, use and need risk and reward and will get educated psychological management, use with psychological and analyse and make small risk in capital that will get benefit and make capital will get reward in every trade

is difficult to place a stop loss if and when the dealer put it very close to the trend, then you will be affected, but if it gets too long, and even a touch of trend, then you lose a little too much, the problem Here is how to get the correct order .. it all depends on the condition, and we need to know this feature pair

next we tend to will not help make your money that you simply desire the privileges associated with foreign exchange .... When we are not able to complete this can be ... Rights specific in indicating that we should know this ... This means that the link with prominent industry can properly be particularly valuable for us to educate traders.