How many pips do you think is safe for SL ?

[sahannw]

Trading profit with the system we've got.

b. "Profit consistently".

Well .. this is where we can make a profit outcome goals we want to accomplish. if we can get to this level, rest assured we will be able to feel the beauty of being a trader.

[mahmoudhemo]

I always set my SL at the nearest support and resistance. Don't forget to add also the spread during setting the SL. Let's see the example. Current price for EUR/USD at 1.4221. Near support 1.4288, near resistance 1.4144. So for my buy post, the SL must be 1.4144 - spread - 1 pip. So SL = 1.4140. It's more safe. So my TP will be at near resistance or 50% using fibonacci

---------- Post added at 11:16 PM ---------- Previous post was at 11:12 PM ----------

well , it depends on you and your strategy in trading. i think that if you want to put your stop loss at a good point then i think that you need to be doing a good practice on demo account and also you will have to be choosing the level of stop loss according to the market volatility and will have to be good in risk management

[ObaFX]

the most important part of a trade is to have good entry point so SL can be place at a position where you feel if price touches your current analysis as been rendered invalid and loss is likely to continue increasing.

[aymena]

personaly i dont use the stop lose ..he cost me enough but to who want to use it it depend on the resistance and support levels not just numbers like we see in other threads

[ronykhan20306]

I prefer a SL of 30 to 60 pips when I want to trade for one day or less. In case of long trades like 1 week or more, The SL is set at 100 pips. Anyways we all have different frame of mind regarding SL.

[hashaam]

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...

Mery khyal sy SL ko points k hisab sy nahi rakhna chahye k itny points py bal k hamen kisi logical level like support and resistance ko cross kr k rakhna chahye. isi me faida hai hmary lea otherwise hum points k zariye bhi rakh skty hain sl ki value ...

[ronykhan20306]

I prefer a SL of 30 to 50 pips when i want to trade for one day or less. In case of long trades like 1 week or more, the SL is set at 100 pips. Anyways we all have different frame of mind regarding SL.

[monir01]

According to my knowledge it should
be greater than TP pips, But most of
times i don't use Stop loss if we are
trading with H1 then its better to have
STop loss around 50 pips for H4 we
should increase it.

[ruhanruh]

stop loss may different by different trder. some use half of the take profit or some use double of take profit or some use manual. but I use double of take profit. this is safe for me.

hey direct and manage accounts from their investors, full confidence is placed on them and their client's success is also their success. Some professional Forex brokers have placed high-value on their credibility.

[edomz]

I agree with you sir. value of SL is no definite benchmark. SL value is determined based on your own analysis. how much we can afford to lose. if we feel have good analytical, mature strategy and sufficient capital. you can expect to put your SL at the best position.