How many pips do you think is safe for SL ?

[realman]

How many pip safe for slop lose. It depend on trading psychology. More trader means big psychology. So one fixed plan on Forex. Stop lose means how much I want to spend. If I am scalper it may 15-20 pips maximum. Or I am day trader it may 50-100 pips. Some of time selecting stop lose may depend on pair. Because EUR/USD is high liquid so need more pips to apply sentiment. But USD/JPY pair not same. Maximum time this pair very slow. Without big fundamental change this pair very slow.
My stop lose calculation included below-
1. For scalping 15-20 pips
2. For Short trade 15-35 pips
3. For day trading 50-110 pips
4. Long trade also complicated for me.
I apply stop lose calculate depend on support and resistance area.

[siredewe]

well it depends upon the need.But always its not wise to have like this TP=SL.
For beginners i recommend 2:1 ratio.
if TP is 100pips have SL as 50pips.So that if you lose a trade also,atleast the last trade's half profit will remain.

i dont think that without any other consideration like good technical analysis, this will be acceptable. it is totally harmfull to suggest new player to straightly using this ratio..otherwise, they will totally smacked with price volatility...for me, i need to consider support and resistance level to determine the SL, not only blind ratio..(no offence).

[krishan]

yes, for me many times power went off and i was not able to get connected.And finally when the power came i opened the terminal and i had got MC and my account was destroyed.

[siddesh]

yes,you are right.SL should be decided with Support or resistance and they act as good one to determine.Even pivot points are also good in determining.so one can put SL based on this or specified values like ratio of TP :SL as 2:1 like that.It depends on traders need.

[amit]

yes we can use support or resistance for stop loss or even SAR also.
mostly i will use pivot lines for determining the Stop loss and Profit levels. they are really useful.

[amit]

well it depends upon the need.But always its not wise to have like this TP=SL.
For beginners i recommend 2:1 ratio.
if TP is 100pips have SL as 50pips.So that if you lose a trade also,atleast the last trade's half profit will remain.

[amit]

Yes.SL input depends upon the type of trading too.The ratio i told is for normal swing traders.
But For Scalping i always feel that one should never provide SL since there are lot of chances to get SL triggered since its a very small value.

[kampung]

I usually just put take profit 10 pips, but if I was having installing a new floating take a lot of profit in pips,,
and also just put up a stop loss, and the number of pips that I use to stop depending on the margins lose,,

the lower the profit we make the target I have confidence that it will get better in our of commerce so that way we will have the opportunity to make better of commerce and we also do not have the risk of major trade

[leo]

I usually just put take profit 10 pips, but if I was having installing a new floating take a lot of profit in pips,,
and also just put up a stop loss, and the number of pips that I use to stop depending on the margins lose,,

[ashwini]

how many pips do i think is safe for sl .. its depend on the situation.. some times its 20pips or some time 50pips .. mainly i use the resistance and support line.. for sl.. and tp .. in daily chart basis.. the sl is min. 100pips or more .. when on the 1hr basis. its some time 20pips some times 50pips.. i use it but max . time u exit the market before its hit the sl.. very moment i was wait for the hit the sl.. because i use the moving average. so when any candle open above or below with a gape .. its signal that now price is going to down or flat.