What is your perfect stop loss plan and take profit plan while trading?

[yaar]

its good that you are atleast fixing a stop loss to your positions. trading without a target is not advisable, take profit and stop loss should be well defined if possible using a tool like fibo or snr

[netra]

My usual plan is 10pips profit and 30 pips stop loss if i did not consider the support or resistance for it and i am comfortable with it because in any market situation its easy top grab 10 pips.

[bhai]

in a plan to create a stop loss and profit targets will vary the actual rules and systems that will be used every trader or system, although using a strategy that is used in case of finding the OP and cut losses or determine the stop loss and profit targets will vary and will be adjusted to conditions and different situations.

[bhai]

can ayybody explain to me if which one is better ?to have short stoplooses and make so many looses or to make long stoplooses lets say 200 **** but loose rarely but a big one.what l can see is a short stoploose is been hit very easly while market is having zigzags is far stooplose not better but ofcourse risky.which one do you prefer?

[sasa0220]

I'm using support resistance levels/ pivots and Fibonacci levels for choosing support and resistance levels. I don't use exact level to place TP/ SL. Because i think it is wise to choose the SL and TP levels according to the market

[moti]

Its not a good idea to don't post stop loss if you have small capital because you can lose your whole investment in just few minutes so always put stop loss to minimize your risk.

[moti]

hmmm, its good but i think you need to set ur SL and TP according to support and resistance level. Ma tu in points k hisab sy SL aur TP set krta hon aur ye k kuch strategies main SL aur TP us strategy k hisab sy use krni prti hy.

[Forexboy]

if the market is trending, I prefer a trailing stop to manage my profit factor, but if the market is included so I prefer my instincts tell me where I can to get out of a bad trade, mostly the n 'is only 15 to 30 pips at most.

[LeeMinHo]

I think no have any way to put stop loss perfectly . You can see will have sometimes , the price touch your stop loss and follow to our prediction later . It is normal thing in forex trading and we should accept that .

[Tozammel]

The perfect stop loss and take profit plans in forex trading mostly depends on the time frame in which you trade. SL and TP are different from one timeframe to another. In 1m time frame the stop loss can be set as 30pips and take profit will be 60 or 90 pips. And in the higher time frame the SL and TP will also higher.