Originally Posted by
baper
in trading, I only use SL only, without using TP. because I think the way I trade, I can get bigger profits, as long as it can be right in analyzing the market movement. and so far I have to trade my way, I get big enough profit. but the important thing is we have to learn to understand the character of the market movement, so we will know when prices will turn and when prices will remain a trend. and I assume that, there are two systems to set take profit and stop the price of loss. One is a fixed and other pips system depending on the nearest support and resistance label. If anyone wants to set a pips from 30 pips to 50 pips is the best for stop loss and take profit price.