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

[truegoa]

25 pips is a bit of very tight stop loss. Price mostly moves in long ranges than that, but you are lucky if you are getting good results from it. I always set the SL and TP nearest to the support or resistance level and ofter alter it as the price moves on.

For a position trader, that 25 pips SL do very tight SL. But for some intraday trader or even scalper, that 25 pips is good enough to just cut loss their loss as minimum ammount and start gaining better profit in next trade position. Like people said, cut your loss tightly, and let your profit run over the chart.

[Lia]

stop loss is a mandatory thing to use, there are many ways to set the stop loss and for me I think that the best stop loss must be in the most strongest place on the chart near the daily or even weekly resistance

agree, stop lose is to keep in case of trading we lose too much experience but if when we put the trading stoplose depends how much he's willing to make trades and put takeprofit also

[pecel1]

in making take profit for me.
I usually just take advantage of 5 points any time of day, but with a large lot, and it runs a week yesterday, thank god I am successful with this trading system.

[rathod]

honestly, i am really confuse about that.because i can not determine about stop loss function in forex.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.

[brutu]

I will look for the next support line and resistance line when I open either of the first trade. I placed my stop loss is close to this level. If the level of support and resistance is too high, I use my money management that have made before

[shemozz]

I use stop loss every time I where trading in the forex market .. I feel safe and maintain the capital .. Use only 2% of working capital at a loss to stop. I advise using a stop loss to control the fear of loss while trading.

[saiket]

25 pips is a bit of very tight stop loss...price mostly never in long ranges than that ,but you are lucky if you one getting good results from it .....i always set the SL & TP nearest or thr support or resistance level

I am agree with you that it is very riksy to use only 25 pip. and it is good plan to st sl and tp at support and resistance. I also follow this method.

[saviour196]

you are lucky that you havent experienced any loss uptill now i hope you have good sense of market analysis because stop loss pips you have set those on 25 which is very easy to stop in one fall even mostly when currency falls against other pair.Good luck.

[md satu]

25 pips is a bit of very tight stop loss...price mostly never in long ranges than that ,but you are lucky if you one getting good results from it .....i always set the SL & TP nearest or thr support or resistance level

[younesjoe]

yes it's good me to a chose a profit egale 2 loss because if we take 3 position and have one profit in one position and loss in two position we can not have a loss in capitale this is a good strategie to earn money