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fixing stop loss and taking profits vary from one trader to another trader. I use support and resistance levels to target my take profit and stop loss. Pivot points also help to determine it. but most traders hesitate to determine this. and trade the buzz of the main sotp loss or take advantage of the use of the bank haha when you are lucky to be ho or ham loss batacna you can stop loss of the shara lata han or the loss sotp is used by karta han es ay the kafi people are lucky to get hot ha or haum loss ha batch or profit obtained by karta han
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Me too, I negotiated without Stop Loss what I negotiated only at points of support and resistance, so I set my Take Profit, and to profit, every trader has his trading style so the number of pips will vary depending on the strategy and time frame , then you have to assign your number to your strategy. and each reading is regulated by my trade by ending retrograde and digesting profits. I judge that is a respectable guess to prevent retreat and receive profits. I set my retrograde interruptions and used profits with validation and opposition structures. But most of the 30 pips retrograde depends on industry conditions.
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I say that substance is as basic as outlet and movement is as important as substance. When you are in productive trading, that profit is the benefit of a straight press until you release the trade. but we cannot enter each and every tangent so it's best to try as feasible to place our TP somewhere in the voice and use stop loss in the right price closely related to the resistance support line. it will be more accurate because prices move fluctuatively and are very difficult to predict in a certain period of time. that's just my opinion
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I have very good information for you. I did not hear it. I recently went to a sales position with a stop loss level of up to 00 in my analysis (EUR / USD SL 1.28) according to. But now, I mean at 1,285, it will be tested. and Style, which depends on them to trade on Forex, where you choose the stop loss point and take profits is a very good way and you should not let go until you exit each transaction to achieve a good percentage of profit from forex
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This is important for every trader, when and how much use we stop losses. I think that depends on the merchant's strategy. How much did he use stop losses? and the stop loss and take profit that any forex trader can take in their trade will depend on their trading strategy. Most brokers trade without a stop loss because they remain at the computer until the end of their trading. Daily traders set a few pips like 20 - 50 pips for their stop loss and 40-100 pips and their take profits.
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For whatever reason if you are absent from the market, you can reduce your risk by placing a stop loss and taking profits. with this technique you can limit your profits and losses. I think a maximum of fifty pips and a minimum of twenty pips is big enough but more or less than that will be risky. and To determine the stop stop order, I use indicator reading depending on my rules. I don't see 00 cases or anything else. Only my indicators and rules. I don't use my stop point as an entry in the opposite direction. I am a trend trader and I am out of trade if trading is weak. This is not the opposite signal but only signals a weak trend. The price can be reversed here or can move sideways, yet I have to get out.
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I think it's a great way to stop. I think level 00 is always affected if it approaches. The problem is that if it passes it will usually take all stops below that level too. and the clutch depends on what I choose to bargain for, on that day for USD / JPY I always stop losses 20 pips from the target and make the target 15 pips, because the movement of USD / JPY is not really extreme.
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You make a good strategy. But I think a trader must set the take profit or, stop the loss with his ability and strategy. Your strategy is also good for beginners.
and I used to put a stop loss and profit in whatever trade I chose to keep my capital safe, essentially I put a stop loss on closer support from the pair
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putting SL and TP with 40 by 10-15 is what I do most often, I use a smaller TP so that it quickly and moves quickly closes open positions. If you do not use TP and SL, it will be very dangerous for your account, because price movements are very fast when we trade and there is indeed an opportunity where after placing an order, take profit and stop. it only touches your Stop Out level especially with 00 points and takes you out of the market before finally going towards you. Very annoying!
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yes the best I've ever seen, in me, I always use stops based on the closest support or resistance, above resis. with 5-8 pips and under that support and can use move 200 on identifying this too but always keep a 1: 2 or 1: 3 loss ratio: as if I got 30 stops putting my target at 60-80 pips in the event of losing 2 trades, only win one that will recover my loss or at least 0 loss win