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

[sriya2670825]

I think the perfect stop loss and take profit plan is set this two option depending on the support and the resistance level.When you can find out the perfect support and the resistance level then you can set the perfect stop loss and the take profit option.I think every trader should use the next support and the resistance level as the stop loss and the take profit option.

[fariza]

i think the best stoploss in forex trading is at highest or lowest candle in previous time so
it will hard to price hit our stoploss and we can take profit our position 10 - 20 pips

[Saira Akter]

Stop loss and take profit both are important. Before make take profit and stop loss we must need to know how much pipes market can be move and what is our account balance. We can make a stop loss in near support and resistance.

[bibh]

my stop loss is depend on the market session and depend on the trading strategy which i used. i always use different take profit and stop loss in my trading. so i dont use any fix number for my TP and SL

[coldmoney]

I always settle for take profit as 50 pips and stop loss at 25 pips. So far I am successful in making good trades. What are your orders?

I do not think you are a successful trader, I use stop loss of 30 and take profit is 50 and I found that I had the choice, plus you have to know where placing stop loss and takeprofit where appropriate rather than how much is true. ok

[rubel.09]

I am always trade with stoploss and the stoploss is about 30 pips and profit is 50 to 60 point.I am always buy at ovesold zone and sell at overought. good job............................................... .................................................. ..............................

[Razor1911]

It is always good to take the SL limit just above the resistance level while selling and just below the support level while buying. This support and resistance is very important in trading and there is the maximum probability that the market will bounce and thats why if you put a selling or buying order there, you will be profited in a maximum way.

[jakir00]

.............25 pips is a bit of very tight stop loss. Price mostly moves in long ranges than that, but you are lucky if you are getting good results from it. I always set the SL and TP nearest to the support or resistance level and ofter alter it as the price moves on............

[Mustarinho]

everyone depends upon his own strategy to make stop loss and take profit points .. for me I refer to the resistance and support lines and try to use some indicators that may help me in making this there are a lot of indicators help you to put those lines, also macd and rsi are good

[juragan]

my plan for stop loss and take profit is that when i get 10 pips profit that time i set take profit 5 pips up and set stop loss 5 pips down and as market goes in favour i raise them and my trade mostly goes in profit.

action is very good. tp 10 pips and SL 5 pips. it was very brave because surely the market will hit SL sdebelum first touched your tp. transform and ideally you should look at the time you use to trade. when you trade in asia session then you can put less dati SL 30 pips. to london and U.S. sessions you have been putting more dati stop loss 30 pips.