What is your perfect stop loss plan and take profit plan while trading?

[shan00]

High impact news me market 100-200 pips move kar jati hy. Is liay sl hamesha utna rakho jitna loss aford kar sakty ho. I am always buy at ovesold zone and sell at overought. I don't usually place take profit as I keep constant eyes upon the trade and close the position soon as I think the profits are enough for me. While for profit i'm usually take the 1:2 ratio for loss and profit, So if i'm setup a 20pip loss, then my profit will be at 40 pips.

[nameless]

I am always trade with stoploss and the stoploss is about 30 pips and profit is 50 to 60 point.stop less is not every thing when you are trading with your account
keep your sight on the price and time.choise aperfict time to open and close

[ripadas]

This is my opinion before I make an order in forex, I will analysis the forex trend first.After that,I will make orders with stop loss and target there.Then I can leave the market for a while.

[submarinepirate]

something realy great come from something usual. and a cut loss order if my total capital is reaching the limit that i setups. While for profit i'm usually take the 1:2 ratio for loss and profit, so if i'm setup a 50pip loss, i put my stop loss near to these levels.if support and resistance levels are too high then i follow my money management rule and i've already put the stop loss in each open position

[bombastic]

if you use stop losses and take profit 25 pips 50 pips, then you have to make the analysis and prediction are very nice, and must find the appropriate entry point, so that you can trade forex properly and profitably.

[Discordance]

i dont use os top lose and take profit order i just use my manual cut lose and cut profit ,so i can determind where the price would be reversal point then i close my order and switching to other opposite order

[kevinfx]

my stop loss and take profit will different in every trade. forex market is dynamic, so my stop loss and my take profit is dynamic also, not fix depend on the market and the price movement. everyday will have different price movement, so either with my SL and TP

[adnanhm]

yes i think it is good risky reward ratio 1:2 ...... but i like to trade with Average daily range of any pair........ and i always put my stop loss below or above the lost swing low or high........ as i always trade in trending scenario.......... so i am making good profit and i think it is very good risk reward ratio for me..........

[fawadmanzoor]

my prefect stop loss program is making a perfect and well balanced strategy which shows you the right paths and defines the routes which one would be accurate to move on , the one who does not follow any strategy is obviously wrong , because this is a trading business without plan and a good approach no one can success in any king of business . Forex is a great business but needs some amount of efforts to improve it more .

[mehadi00]

i think that forex is the better job in the world.who are poor man they can be rich to quick to use forex.i hope that if anyone tread to forex he will be rich quickly.like job............................