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Nomally I not use any stop loss and use 50 pips take profit at EURUSD and 100 pips profit for eurjpy.it'll possible be a lot of precise considering that the value tag moves lucratively and thus difficult to actually prediction throughout selection occasion choice.
you shared very good strategy to place take profit and stop loss and i think if a new trader feel confusion while placing take profit and stop loss in his positions then he should follow this strategy to place stop loss and take profit .:)
this is a good write up and i also avoid placing my stoploss at the psychological levels. i even prefer 20 pips away from it as the market can easily move 10-15 pips to take out stops.
Bahi yeah baat sahee hai kay agar humayian sahee andazaa hoo jaay entry point kaa or sahee point mill jaay stop loss kaa too forex may koye bee loss naa karay or sub traders profit layin.sahee stop loss lace karna bee easy nahee hoota traders kay pass achaa knowledge or experience kaa honaa bee zaroori hoota hai.jess say woo achee jagaa doodh saktaa hai.
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. t will give profit to you.which is correct?am little confused
Putting a stop-loss to danger less money is a great thing but factor of stop-loss is not a issue of mind its must be based on specialized research, you must consider assistance and level of resistance for your place than choose your factor of stop-loss.
Very good data you gave U.S.A. brother. I even have ne'er listen concerning it.
Recently i entered a sell position whose stop loss is falling on 00 level in keeping with my analysis ( EUR/USD Shining Path one.3200). however currently i'm reaching to place it on one.3210 to examine the truth of your purpose....
Generally I used stop loss by calculation with ATR value when I open a position with 100 pips strategy.Also I use take profit just double of stop loss.I use this system for H1 and H4 time frame.
it really is simple method and also for me personally My partner and i set quit damage beneath 4h candlepower unit punctually shape 4h in the event the candlepower unit shut above or perhaps under the particular relocating common signal the location where the relocating common benefit change from a single forex to a new.....
trade forex semi automatic with that tool, after we open entry and set it with SL TP and let it work and at last we can have the result as losses or profit following our setting that we make. good luck.