How many pips do you think is safe for SL ?

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2011-07-13 03:22 PM
alwi

Quote:

Originally Posted by arjun

apparently you have not used the script.
because if the server is busy, the script still experiencing requotes.
script only shorten our steps to open or close a position.

ooww so well, I just know now to today if scrif help of connection errors, thanks for your advice
2011-07-13 06:00 PM
dead

Quote:

Originally Posted by alwi

ooww so well, I just know now to today if scrif help of connection errors, thanks for your advice

What this means scrif friend to help internet connection we have, I still do not understand what you mean scrif?, please explain
2011-07-13 10:25 PM
soumen

Quote:

Originally Posted by arjun

I do not agree with you,
I think SL should be set since the beginning of the analysis, since the beginning of open positions.
so we do not need to be confused when the price floting loss.
because if not, cut loss will be strongly influenced by the opinion.

hey arjun bro. i think sometime you will not set sl. just example= when you trade gold. and you give a buy order in right position. but in other pair you should use sl and tp must.
30 pips is good for sl. i use 30 pips. but some time more or less.
2011-07-14 12:10 AM
blackprince4u

Quote:

Originally Posted by soumen

hey arjun bro. i think sometime you will not set sl. just example= when you trade gold. and you give a buy order in right position. but in other pair you should use sl and tp must.
30 pips is good for sl. i use 30 pips. but some time more or less.

I didn't got the reason that why should not put sl for gold. Because gold is also volatile and it can blow or account in an hour. Can you please explain it.
2011-07-14 01:41 AM
s19

Quote:

Originally Posted by blackprince4u

I didn't got the reason that why should not put sl for gold. Because gold is also volatile and it can blow or account in an hour. Can you please explain it.

yes we should use sl in every trading...gold,silver...etc
sl save our trading account.
you can ignor sl in metal if you have a large capital investment...
2011-07-14 09:48 AM
mayengbam

Quote:

Originally Posted by s19

yes we should use sl in every trading...gold,silver...etc
sl save our trading account.
you can ignor sl in metal if you have a large capital investment...

yes i agree 100% with you about using sl in each and every position we make. we know the market can suddenly change its movement after a major news or announcement, and all our analysis with be a piece of crap in such situations so we should always use sl
2011-07-15 09:23 PM
soumen

Quote:

Originally Posted by blackprince4u

I didn't got the reason that why should not put sl for gold. Because gold is also volatile and it can blow or account in an hour. Can you please explain it.

Jaise ki @ s19 bro ne kaha ki metal ke samay sl na bhi de to chalega.
main yehi kehna chata hoon ki agar aap metal ke trade kar rahe ho aur aapne sahi samay pe buy order diya he to sl na use kare to bhi chalega, ku ki gold is always is in uptrend. up dekh sakte he. pichle month and pichle kai saal ka history. gold hamesha upor ja raha hei. to agar gold niche bhi aye to iska firse up trend hoga. aur jaise ki maine kaha ki right position+ buy apko koi loss nehi dega. i think aap mere baat samjh paye honge. par ha sabi currency pair me jarur sl de. maine har waqt ye kaha hei ki currency me sl use must. aap mere daily signal bhi dekh sakte hei.@>-
2011-07-16 11:13 AM
pinpin

Quote:

Originally Posted by mayengbam

yes i agree 100% with you about using sl in each and every position we make. we know the market can suddenly change its movement after a major news or announcement, and all our analysis with be a piece of crap in such situations so we should always use sl

yes agree
however we will never know where prices will move
use other means such as averaging or hedging it can also be
but if not the experience should not attempt
it will only add to our loss
better indeed stop loss
2011-07-24 09:40 AM
s19

Quote:

Originally Posted by malik

I don't believe in wider stop losses i always place my stop loss at the level of 2% of my capital. If the price hits my stop loss i can open 2nd position with the cost of 2 or 3 pips spread instead of 20 or 30 pips loss. I think it is the best way of trading. The gape of stop loss should not be more than 10 to 15 pips in general.

yes i agree with you, i also use this way i set my sl 1% of my capital...and some time i set it accourding to my analysis....
10-15 pips within one second possible that is easily hit..so always we put st more then 40 - 50 pips
2011-07-24 01:57 PM
alwi

Quote:

Originally Posted by s19

yes i agree with you, i also use this way i set my sl 1% of my capital...and some time i set it accourding to my analysis....
10-15 pips within one second possible that is easily hit..so always we put st more then 40 - 50 pips

the width of SL that we put on a trade I thought it would be better because this will give us the possibility to get SL to be reduced

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