How many pips do you think is safe for SL ?

[ketan]

i cannot say thats right or wrong before i knew your TP, so, what is your TP ? i think its good as long as your TP is bigger than the SL, or at least you have the same SL and TP

[ketan]

yes, what i meant above is my SL for daily trading, but for scalping i will certainly put it tighter than that, and i use a minimum of 1:1 risk to reward ratio, i never set lower than that cause it will easily blow your account

[nikhil_rrane]

Stop loss may depend on the volume you trading. if large volume trade then i use 20 pips stop loss. If the volume is small 0.1 then stop loss moved to 60 pips. stop loss is one of the most important thing which we have to remember while placing a trade.

[vikas]

ye strategy ekdum galat hai forex trading ke liye
kabhi bhi sl aur tp apne man se set nahi kiya jata
sl aur tp ki value hamesha market ek support aur resistance ke hisab se set ki jati hai

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.

[vikas]

I am a scalper with a target of only about 2-5 pips trading once, and I use a stop loss of 25-30 pips ...
but if I was playing a medium-term, sometimes using stop loss to 50 pips ...

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.

[100c�]

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.

I agree with you it depend on our account balance. i always apply 2:1. If I want to take profit 100 pips then I apply 50 pips as a stop loss, as my opinion it is the best strategy for me and for every one.

[vikas]

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.

[ali1011]

Meray kheyal sy 20 pips stop loss honi cahiye ku k ap is sy andaza lga sakty hen k agli position kis direction me open karni hogi. agar ziada b ho to 50pips bohat hen is sy ziada apki balance capecity p depend karta hy.

[SG Trader]

scalping is short term trading..and scalping dont need much analysis so SL is needed to be set,,,and i usually trade scalping style and i set 15-25 pip in every trade....

many scalper set their SL too large but the SL is small, and also many scalper trading when market is sideway.
i think ther is no news when market is sideway, so many scalper confident with their SL and TP set.

[Mr. Tukul]

i am scalper too , i set my SL just 10 pips and take profit is 5 pips. the comparison is 1 : 2 ( TP : SL)
small range but scalper have many Transactions in one time.

for me it was too little, I set a stop loss for as many as 20 pips scalping transactions and target 10 pips ...
because usually if only 10 pips, stop loss is often touched ...
7 pips if the price is just the opposite, with spreads 3 then the stop loss was hit ...