How many pips do you think is safe for SL ?

[Jack]

Muje to intraday ke liye 15-20 pips SL ke liye safe hi lagte hai aur ish se jyada main stop loss nahi set kar sakta hu, ha agar long trade ke liye hum log ja rahe ho to 200 pips tak bhi stop loss set ki ja sakti hai. Yeh bilkul trader ke style ko show karta hai ki woh long hai ya short.

[tvenMark]

Many newbies ask me how many pips is safe for stop loss? I think its all depend on how much you afford to lose and we have to put stop loss by checking resistance and support levels, we should not put stop loss just by numbers.

Share your views...

You are right. Support and resistance levels are natural targets for price line. Anyway, a good practice of trading asks taking care of volatility too. Too tight SL can lead to losses even if is set under near support or beyond the resistance.

[sahuri]

forex is easy on the theory, but the implementation is far more difficult. The proof is 90% of people who experience loss forex trading. Hopefully we continue to learn, we can be part of the 10% who profit

[aopen583]

I use 30-50 pips stop loss, because I think when we are wrong in the position more than 20 pips, maybe it's the price trend has changed and make the psychology of trading is interrupted, it may be dangerous, because when you are fighting the trend and averaging techniques you can marti use, but it is very dangerous to your account, if you are ready to go ahead margincall

[Mohe]

most people place according to their trading and instructions that could help in making some of these best ways of understand and knowing and being and well its a good way in understanding in the best ways.

[profitoke]

i think it will depend on condition of market , trending or sideways if the condition of market
is trending we can set big sl and big TP but if the condition of market is sideways we can set short SL and TP.

[zam]

i thought the best way to set stop loss is baser on support and resistance level...because.,,when the price reaching that level...the price probably bounce or break...so we take benefit from this case...and if the price break we should know how to do...in order avoiding our loss....like hedging or maybe martingale technique....

I am agree with you. Its much better if we set our stop loss using support and resistance. That indicator and analysis is very usefull and helpfull to maintain our trade creating profits

[blackrose]

I think it is your duty because it is your money.So you need to risk and you need to professional.I think that SL should be double then your buy/sell price.I always try to do this thing.Because it is my strategy.

[m2ndsrokk]

i thought the best way to set stop loss is baser on support and resistance level...because.,,when the price reaching that level...the price probably bounce or break...so we take benefit from this case...and if the price break we should know how to do...in order avoiding our loss....like hedging or maybe martingale technique....

[jawadjutt]

Many newbies ask me how many pips is safe for stop loss? I think its all depend on how much you afford to lose and we have to put stop loss by checking resistance and support levels, we should not put stop loss just by numbers.
I think a safe stop loss will not a fixed number of value, it depend with the current price movement or chart pattern, mostly a safe stop loss will be place at the support or resistance level. It is more safer than if we just simply setup our stop loss with some fixed number like 20pips, 30pips or 50pips, because this fixed number of stop loss will always hit by price, but if the stop loss is placing at the support or resistance level, it will be more harder for price to reach and hit it.