20 Pips of very tight position of Stop loss. I think 10 pips are better to make a stop loss at any trade.
20 Pips of very tight position of Stop loss. I think 10 pips are better to make a stop loss at any trade.
Mere hisaab se stop loss aur take take profit humare trading account aur dusri cheez humari strategy ke uper depend hota hai, ki hum kis tarah ki strategy ka use kar rahe hai, aur hum jitne pips profit ki umeed karte hai, uska 50% humara stop loss hona chahiye.
Most trend analysis only after I choose my oder. I trade with 50 pips stop loss in pips gain 20-30. I usually do not write it as a profit on the trade is kept constant and the place soon as I think it is close enough for me.
it's my view Quit reduce and take benefit is very useful for investor. I use stop reduce and take benefit whenever when i business. Assistance and stage of level of resistance is very essential stage for take benefit but when investor set stop reduce then investor should add few pips with support.
20-30 pips stop loss is a little strict. Prices are largely engaged in a range longer than that, but you're lucky if you get good results from it. I always set SL and TP nearest level of support or resistance and ofter change as prices move on.
you are right forex is very popular business and more risky.
it is good that you are using stop loss near to support and resistance. we must set stop loss but some time it also depend on trading style. you are using more risk in your trading i use 1:1.5 at least risk and reward. so over all i will in profit.
there is no actual plan to stop the trading..... you have to depend on your instinkt...Trading in the financial markets is surrounded by a certain amount of mystique, because there is no single formula for trading successfully. Think of the markets as being like the ocean and the trader as a surfer. Surfing requires talent, balance, patience, proper equipment and being mindful of your surroundings. Would you go into water that had dangerous rip tides or was shark infested? Hopefully not.
Price mostly moves in long ranges than that, but you are lucky if you are getting good results from it. Resistance levels are too high then i follow my money management rules. i use 2:1 risk & reward ratio. I trade with 50 pips stop loss and unlimited pips of take profits. While for profit i'm usually take the 1:2 ratio for loss and profit, so if i'm setup a 20pip loss. So I think the profits are enough for me.
I think if your trading with low volume a wide SL can be set and TP offcourse but what always happens to me is my T/P is always missed by 2-3 PIPs everytime today for example EU went to 1.2255 in the morning while i was sleeping my TP was set at 1.2250
When trading with low volume i usually set my S/L 150 PIPs to 200 PIPs as if it moves that much sometimes it moves 100 PIPs while i am sleeping.
When i trade with big volumes i usually don't set a SL or TP i usually try to manually close orders when i get 5-10 PIPs profit.