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

[s.saha]

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

I always settle for take profit as 50 pips and stop loss at 25 pips. So far I am successful in making good trades. What are your orders?

setting of SL and TP depends on your capital. if you have 1000 pips in your account then you can set SL 200 for tp 50. this is the way in which i set my TP and sl. if the analysis shows the the market might move 80 pips the i set my tp as 65-70 pips and sl always 200.

[ku_lock]

in the trade, I only use SL only, without the use of TP. because I think the way I trade, I can get a greater profit, as long as it can be appropriate in analyzing the market movements. and so far I have to trade in my way, I get a pretty good profit. but the important thing we have to learn to understand the character of the market movement, so that we will know when the price reverses and when prices will remain the trend.

[forexdon]

i think you are right some time the market on the sell moves up from the effect of the fundamental analysis but it moves down again and continue it pips for profit technical analysis of the market is same but the fundamental analysis effects some times after it returns back

[casiotab]

I consider that, there are two system to set take profit and stop loss price. One is a fixed pips system and other is depended by nearest support and resistant label. If any one want to fixed pips than 30 pips to 50 pips are the best for stop loss and take profit price.

[manibhai2012]

Well it is totally depends upon the trade which we had if we are trading long than i think that the 100 pips stop loss is good enough for me but if we are trading for just few hours than 40 to 60 stop loss is good,Always try to trade according to trend of the market it will helps in making huge profit from the market.

[julianambas]

in any trading that I do is use a stop loss and take profit.
and as a reference in determining the price of stop loss and profit ake is to use support and resistance price. is a very good thing to be done by each trader...........

[rzza]

I always settle for take profit as 50 pips and stop loss at 25 pips. So far I am successful in making good trades. What are your orders?

hi,
sometimes i set my order by Target pips 20-30 and stop loss is 100.
i think currently i don't have such a confident to put a small stop loss.
i need a lot more practices to be a good trader like you.

[nubieforex]

listen my story my friends i am really confuse about that.because i can not determine about stop loss function in forex.I prefer my instincts tell me where I can to get out of a bad trade, mostly the n 'is only 15 to 30 pips at most because i lost 5 times for place stop loss.may be i need to learn about how to determine of balance or volume in instaforex

[Alexander Alexander]

I always settle for take profit as 50 pips and stop loss at 25 pips. So far I am successful in making good trades. What are your orders?

I trade with 50 pips stop loss and unlimited pips of take profits. 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

[Ladenboys]

My dear friend its exactly depend on the market condition.In cool condition its about 30/40 pips.But in volatile mood I set it in a wider space thats may be 100 ips or more.Its also depend on my trading style too.Means where is my desire trade is for short or long run.