How many pips do you think is safe for SL ?

[nikhil]

yeah did exactly what you are saying that the placement of stop loss all depends on the traders but to stop loss will good if using a stop loss if the union of the stop loss can be low and vice versa

[MTEBESSI]

I can't place a stop loss more than 70 pips so before opening a position it must be a good deal if at least I may risk 70 pips my target profit must be at 14O pips if not I prefer to avoid the deal and wait for an entry near key levels.

[hiren]

About SL i think its depend on traders account balcne but i also think if there is sufficient balance then its not bad . but for me it may differ for market condition but 50 pips is not bad and most of the time i used it but tp is 30 to 40 pips.

[nikhil]

yes i think you are correct because before i faced such due to net connection . i just see my position and dont put sl that time thinking that i am infront of pc and that time i lost net connection and that was newyork session and due to heavy movement of market i lost good number of pips . so i think its always better to put sl first then observe the open position.

[nikhil]

I am agree with you because most of the time my terget also 50 pips and about your opinion of SL its really urgent each of our trade i think. because without sl i think we are taking very big risk when there are very much movement of market sometime.

[s19]

Scalping involves short term trades and it involves performing many trades that need to be closed in short time.It is done for profit of 5 - 7 pips so i think even if you trade in 1:1 ration then you should put SL of 5 pips.

friend i am not agree with you that we put stop loss in scalping like 5pips for take profit of 5-7pips.
in scalping if we do little bit good analyses then we can easily made 5-7pips profit.
in my view there is no need to set sl of this kind of tp..this type of retracement can possilbe in eatch manrket type.

[realfun07]

yes i also think so . when we do scalping then everything happen very quick and when all time infront of our pc then its not necessary to use set SL but without scalping its must be set SL and TP because it may secure our account.

Scalping involves short term trades and it involves performing many trades that need to be closed in short time.It is done for profit of 5 - 7 pips so i think even if you trade in 1:1 ration then you should put SL of 5 pips.

[kamla]

yes i also think so . when we do scalping then everything happen very quick and when all time infront of our pc then its not necessary to use set SL but without scalping its must be set SL and TP because it may secure our account.

[nikhil]

Stoploss should set at that point: if the market hit that point, that means the market conditions have been changed and the market is not our predict, we should exit our position and redo the analysis.

[kamla]

The number of pips can't be fixed for any trade. It totally depends on your style of trading and your capital, your limit to handle loss. If you are a scalper with minimum deposit then you must set a tight stop loss and if you are a swing trader with big deposit then you can afford to have a big stop loss. But the question you had asked can't be answered with a fixed number of pips.