My way of placing stop and take profit!

[zank haidar]

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.

double or triple zero point zero is a very good psychological area to be OP .... and I had already proved it ....

[sehatx]

normally i never give stop loss though when i'm from the system i give stop loss to shield.
however i feature a ratio of stop loss too. 3 elements profit means that somewhat a part of loss.

Just because you have invested everything I think to not give stop loss when exposed to floating without recourse to the wisdom of trading and in the allotted time so that you can Kheruch without losses or the ratio of losses a few

[kurniawan]

normally i never give stop loss though when i'm from the system i give stop loss to shield.
however i feature a ratio of stop loss too. 3 elements profit means that somewhat a part of loss.

[babar]

yes ap ny bhot hi achi aur bhot zaida btaia ha ap ka btany se men bhot seek gai hon mery kam krny men ab bhot izafa hua ha very very thanks

[norix]

forex trading men stop loss aur take profit aik bohot acha aur aham option hey is men ham log is ko place kar key bhari loss sey bach saktey hen lekin men sl/tp place naheen karta hun .

think to not give stop loss when exposed to floating a lot because i think that every other week pastin prices will return to price, and get spontaneously to the trader's profit is Likely to be more greed for profits without recourse

[shoaib515]

forex trading men stop loss aur take profit aik bohot acha aur aham option hey is men ham log is ko place kar key bhari loss sey bach saktey hen lekin men sl/tp place naheen karta hun .

[ahmadkpr]

i know it is a good way for me to put stop loss below the 4H time frame if a candle close more or less moving average index where the value of the moving average vary from one currency to another.

[muna1982]

i think this is a peculiar idea of not setting stop loss to 00. if one believe that it is touch every time then can do it no problem. but i think it is not logical any more. the price will goes as it directed buy the price action or other economical factor but the price will never know about the 00 level of the market. in general some time price move 300 -500 pips in a day so it have to cross many 00 level.

[thirupathi]

I want to know the method of using stop loss. how to put it and where shall i put putting the stop loss in correct position is very important, and some forum members told that it give loss to them and another member told that it will give profit to you. Which is correct am little confused good information you gave us brother. I have never listen about it. Recently i entered a sell position whose stop loss in falling on level according to my analysis.

[lordripan]

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.

My friend I place the Stop Loss and TP as certain point with the help of 1:2 risk ratio. I try to open a position nearer to Strong Support or Strong Resistance area that is why it is easy to me to calculate the TP and SL position. What is your opinion on me , Is it a good idea?