yes i do my trade with in take profit level and stop loss.i have some long time plane.then i target some pip with in day.then open trade with 10pip take profit and 25 stop lost.that my perfect plane .this plan profitable many toim for me.do right way with knowledge
i think forex could be a smart job. 25 pips could be a bit of terribly tight stop loss. worth mostly moves in long ranges than that, even so you are lucky if you're obtaining smart results from it. i perpetually set the sl and tp nearest towards the support or resistance level and ofter alter it just like the worth moves on. smart luck
in my point of view 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 use 2:1 risk & reward ratio stop loss is 200 pips then my tp is 100 pips.
Every successful Forex traders are set up their Take profit and Stop loss point according to, their trading strategy. Your policy is also good but, I always set 15 pips as my Take profit and 50 pips for my Stop loss I actually tend not to typically space require revenue as i hold persistent vision about any business and additionally in close proximity the position rapidly as i believe that the gains really are an adequate amount of for my situation.
in forex my stop loss and take profit plan is that here when ever get loss so i do not just start getting angry and leave forex but here i notice that mistake that because of what i lose here so i notice that mistake work on it and try next time that i do not repeat that mistake again ...
i think that forex is the better job in the world.who are poor man they can be rich to quick to use forex I usually have different strategy from others I usually use scalping I look for 5 to 8 pips take profit and around 15 to 20 pips stop loss it may seem werred but it works good for me
Eat less but best. Meray khayal say ek average take profit 30 aur stop loss bhi 30 hona chahiye. Magar main apni trading main 10 to 15 pips ko take profit kay liye set karta hun.
no my friend this stop loss isn't smart in forex as a result of this stop loss can be hit in forex thus it's higher on our behalf that we both ought to utilize the a lot of tight stop loss in forex thus that we both ought to acquire the relax money within the whole market and of course the stop loss really should be a minimum of 70 pips.
within my set up trading, i don't use fixed range for creating call of stop loss and take profit. i prefer to position them into swing high and swing low and continuously follow worth action of your points.
well when i open any trade than first i search next support and resistance. i put my stop loss near these levels.
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 100pips..