How many pips do you think is safe for SL ?

[narendra]

i think that when you trade with the pivot point you will use the stop loss by the break of some point with 5 or 10 pt but if you just trade with good strategy and best management i think that you can use 50pt as take profit and 30pt for the stop loss

[narendra]

i am absolutly agree with you i think that order depends with the market when we are trading with the pivot point strategy ..and i think it related with the management too because we could put a good management to make money for exmaple 50pt for Tp and 30SL

[newentry]

this depends to the condition, we can not determine it for every trader\s that we open, the important thing here the trader have to put the order at the right track then they can reduce the floating minus too big..and put the SL

[kaji]

each of my trades I always use a stop loss and TP. I want to do it all in each of my trades. for example, I installed SL 50 pps to 30 pps take advantage. if he was my profit stop losses that would change the price when we take trading positions. with that we can protect the gains that we get

I think taking 30-50 pips profit per trade is the ideal decision, as we know that usually the graph moves between 70-100 pips and even more in a day. so as to gain 30-50 pips a day is not difficult if we have an accurate signal....

[sinaga]

each of my trades I always use a stop loss and TP. I want to do it all in each of my trades. for example, I installed SL 50 pps to 30 pps take advantage. if he was my profit stop losses that would change the price when we take trading positions. with that we can protect the gains that we get

[ermaniso2011]

yes you are absolutely right.putting stoploos randomly with fix pips has no meaning.it is called gambling.each of our move on forex must have a meaning.when we open a position and when we place a TP and SL we need strong reasons.so the best method is to use support and resistant lines as stoploos.

[forexman]

you are right and it depends on amount of risk they wanna take so how we can say that they only have to set the stoploss which they wanna put but if they ask others how they know how much risk they wanna take?so everyone must learn to set their stoploss based on risk they wanna take

[ShoSho]

It depends to the strategy and the the take profit but for me i prefer to make if the take profit is 10 pips then stop loss 10 pips and if the take profit is 30 pips then the stop loss 15 pips.

[siredewe]

the best is we must have TP range higher than Sl,its good but need more experience to do that,i think 1:2 TP will hard if we are still
new and cant manage price range good and at least our ratio must same. 1:1

is that mean we sould find the lowest price to buy and the highest price to sell?? because i think it is very difficult to do 1:2 if we put our trading position in the middle of the trend..please give us an elaborated technique so we can follow your strategies...

[andhwrey]

Like some one said earlier in this thread, SL depends on loads of factors. Firstly SL is nothing alone. It should be TP and SL. In other words it also called as risk/reward ratio. I have seen most of the people keep ratio of 1:1 for example, TP of 10 pips and SL of 10 pips.

the best is we must have TP range higher than Sl,its good but need more experience to do that,i think 1:2 TP will hard if we are still
new and cant manage price range good and at least our ratio must same. 1:1