How do you calculate stop loss and take profit targets?

Correct calculation of stop loss and take profits are very important for our positions to get a good profit and also to minimize the losses if the position are running against the market. So how do you calculate these sl and tp targets?

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Originally Posted by mayengbam

Correct calculation of stop loss and take profits are very important for our positions to get a good profit and also to minimize the losses if the position are running against the market. So how do you calculate these sl and tp targets?

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I just want to get profit 20 pips in one day was minimal and could be more depending on how the market on that day but sometimes I put it about SL in the lowest or the highest price that day

I sometimes use the area snr sometimes I do it with a fixed point.
depending on the situation at that time.

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Originally Posted by arjun

I sometimes use the area snr sometimes I do it with a fixed point.
depending on the situation at that time.

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we can not determine with certainty where we will put the stop loss and take profit because the market dynamic in nature so we just follow what the price is at that time

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Originally Posted by dead

I just want to get profit 20 pips in one day was minimal and could be more depending on how the market on that day but sometimes I put it about SL in the lowest or the highest price that day

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Mere khayal se stop loss aur take profit ki koi fix value nahi hoti
ye dono cheeze support aur resistance se decide ki jati hai..jaise ki aapki buying deal ka tp uska next resistance ke pas hona chahiey aur uska sl uske next support ke paas
Issi strategy se kafi log market me trade karte hai

if I usually target 30 pips
but it also saw the situation, if indeed the situation to support, I will remove the take profit and stop loss advancing to maximize profits

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Originally Posted by anubhavsingh

Mere khayal se stop loss aur take profit ki koi fix value nahi hoti
ye dono cheeze support aur resistance se decide ki jati hai..jaise ki aapki buying deal ka tp uska next resistance ke pas hona chahiey aur uska sl uske next support ke paas
Issi strategy se kafi log market me trade karte hai

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agree using support and resistance areas as sl and tp is a good way to trade, in fact there are different methods that people use to set these targets and i this thread is showing me how people are using different techniques to set these sl and tp targets

i use pivot zones or support/resistances to calculate profit and loss levels.
or sometimes i use predefined values to calculate the values.
i use fixed ratio of Profit loss level like 2:1.

Losses are part and parcel of the customs and forex trading. For me, if there is no loss, not the business name. But, we need to know how to control the losses from growing.

Usually stop loss is calculated as half to take a profit is equal to the proportion of 1: 2
And must know that stop-loss varies from trader to another and varies from time frame to time frame last