Personally i set a stop loss at everytime based on the number of daily movement range .. with that number, I think it is possible to stop losses and position untouched trading transactions will always be a chance to earn profit .
Printable View
Personally i set a stop loss at everytime based on the number of daily movement range .. with that number, I think it is possible to stop losses and position untouched trading transactions will always be a chance to earn profit .
Stop loss is really key on your trades, if you are newbies. Most intimate traders pause to use Stop loss. They analyses easily and place the stance, they also wait for a tall period to attain the aim. This is fit for me. let us handle.
How many SL I am using depends on how much I use timeframe. This is all you have to distinguish because at every timeframe then the magnitude of the SL and TP will be different. For example today I use a good analysis on lower timeframes in M15, then you should also use TP = 20 pips. and SL = 30 pips for GBPUSD pair. As for the timeframe that is higher then you can adjust the balance you have.Quote:
Originally Posted by tusaroja
I think it all depends on how you trade and also when you look at the amount of risk you have then you will be able to understand what is the form of choice of a stop loss you need, there is every effort to believe in what we do and put together everything and so to me I usually dont trade with a stop loss
Well certainly my dear, with me I’d like to believe that its depending on your order position you made while trading in the market, if you depend on the technical analysis you can determine the stop-lose points also ,for me I do not use the stop-lose while trading in the market but you should have knowledge to determine it.
yes brother, absolutely to me, I personally do consider that how many pips it's not the perfect way to set the stop loss it's mainly depended on the Fibonacci and the support and resistance level ,you should be calculate them properly and also set the stop loss and take profit function properly then you will be get the perfect result on the trade.
The actual stop lose and take profit is actually depend upon markets problems. However if u haves enough balances after that u can established u stop lose along with big pips. I think u ought to established stop lose and take profit along with support and resistance amounts. I also established my stop lose and take profit along with support and resistance amounts ! !
i think ten pips is actually safe with regard to stope lose as a result of we cannot depend upon stop loss any kind of time, It‘s risk for each one if we need to obtain good profit after that we make a decision the self which exactly just precisely the way many pips we would like with regard to profit, in trading time.
absolutely my dear in fact, I clearly think there is no double that 20 pips is safe for stop loss trading strategy. Forex trading is very risky so stop loss help us to protect our balance. A trader can protect his investment in forex trading if the trader use stop loss trading system. So i am set 20 pips stop loss for my trading strategy.
Well certainly my dear, for me I absolutely do believe that stop loss of 50 pips is very safe for the trader who takes an intraday trading. If the strategy is long term you can use a stop loss of 200 pips. in my opinion, the trader looking to capture the trend should use stop loss very close to the opening of the operation and take profit of several hundred pips.