My way of placing stop and take profit!

[mithunsarkar]

Hi everybody have been live forex for 1 month In using mace, stochastic, risk & turn end to place my arrange.

Every time when open a trade will use spin around tip as my confrontation & hold up line. for illustration...

when the outlay is in connecting R2 & R1, I will position my stop loss generally 10 pips above R2 & take income above R1& my difficulty set my discontinue defeat pips senior than take profit. So I was wonder is there any improved way to put my discontinue loss? Because i interpret some books, they mention the take income must be twice up of stop loss, merely then it will think as an effectual trade. If i put my stop defeat too low.my trade will be shut by the out of order cost tendency.

[skyonline7866]

some forum members told that it give loss to them and another member told that it will give profit to you.which is correct. to note in my opinion is the distance do not get too close or far away.If we are unable to do it, then we will not make the profits that you desired in the business of forex.

[Forex_Fighter]

ya the best i have ever seen , on my self i always use a stop based on the nearest support or resistance , above the resis. with 5 - 8 pips and below the support with so
and may use moving 200 on identifying this also
but always keep a 1:2 or 1:3 loss :target ratio
as if i got a 30 stop put my target to 60 - 80 pips
in case of losing 2 trades , only wining one will recover my loss or at least will be 0 loss win

[abbey ak]

well thanks very much i think am really having problem on the very best point to place the stop lose in my trading but with your full understanding i think i can really know the very best way to go about making use of how to make use of my stop lose all day and i think the support and resistance can also go a very long way also

[FREEDOM]

I think if you are looking for a place to put a stop loss then you should be placing a stop loss at about 20-30 pips away from your entry. If it has gone out of your order then it is likely that it is knocked out. Its easy to say, but harder to do.

Hmmm, i think it is still risky to put on that amount of pips, bro. At least we need 35 pips stop lost and 70 pips take profit target.
If our margin is strong then we can apply 50 pips or 100 pips as our stop lost. when we put less stop lost then it will become premature stop lost before hit our target.

[AJAY]

haan mere khyal se ye bohot important he forex trading market me stop loss aur take profit ka, hum ise trading ke time use kerte he ek good profit earn kerne ke liye,iske bina humara trading adhura reh jata he.

[goldenmember]

I think if you are looking for a place to put a stop loss then you should be placing a stop loss at about 20-30 pips away from your entry. If it has gone out of your order then it is likely that it is knocked out. Its easy to say, but harder to do.

[rimsha ali]

Hi everyone, I just want to discuss about how placement of stop in one's trading play an important role in your profitability as a trader. Some traders want tight stop in order to limit their loses, and some newbies position their stop at the wrong place, making it vulnerable of getting hit. Placement of stop should not be looked as negative thing, its our ally in protecting our capital.Setting proper stop in one'strade will give our trade enough room to make it profitable.One technique in stop loss placement I use is the 00 level, most traders view a 00 level as psychological point where most traders, banks and big institutions considers closing or opening a positions. So my advice to newbies, if your stop falls near or at the 00 level don't put it there, chances are it will get hit easily; sofor example your stop falls at 1.2200, place it 1.2190 for buy or 1.2210 for sell positions, the reason for this is to avoid the 00 level that will likely be reached, and I have experienced it a lot before. I use 10 pips allowance to give enough space from spikes, if you can do above 10 pips then its better but not below it.In the opposite place your target at 00 level because it will most likely be hit.

this is nice post for me too kyn key mai beginner hu or abhi learning ki field mai hi hu or day by day demo account par work kar key apny mind ko real live account key leay prepare kar rahi hu...
is tarha ki threads waqai begginers or seniors dono key leay boht knowledge ka kaam karty hai...
keep posting,
i wish all traders happy trading...

[Smith89]

i always risk 5% of my equity and i look for 2% of profit, because it is easy to calculate the trading option and it makes more favorable.. the main thing that matters is we should keep on looking for more profit and make more favorable profits later

[FREEDOM]

Usually i put stop lost 12 pips above or below previous candle. We should consider about broker spread too, because it is including in our counting. Sometime we will miss our order without including the spread and this several times happened to me.