My way of placing stop and take profit!

[harfaslo]

very good information about the stop loss and take profit select, i think if the trader are accept you say hope its give they very good result. the stop loss is very important for the trader, because its protect our current account if the market move out of our favor.

[fulltry]

forex trading may work kary gay jab ap forex kise rick pair ma trade entet kay or ap forex trading may apna profit get kary or ap loss karn k liye ap forex trading may easily loss say save ho sakta ho or apna profit easily achi income kar sakta ho

[a_for_apple]

Hi everyone, I just want to discuss about how placement of stop in one's trading play an important role in your profitability as a trader. Some traders want tight stop in order to limit their loses, and some newbies position their stop at the wrong place, making it vulnerable of getting hit. Placement of stop should not be looked as negative thing, its our ally in protecting our capital.Setting proper stop in one'strade will give our trade enough room to make it profitable.One technique in stop loss placement I use is the 00 level, most traders view a 00 level as psychological point where most traders, banks and big institutions considers closing or opening a positions. So my advice to newbies, if your stop falls near or at the 00 level don't put it there, chances are it will get hit easily; sofor example your stop falls at 1.2200, place it 1.2190 for buy or 1.2210 for sell positions, the reason for this is to avoid the 00 level that will likely be reached, and I have experienced it a lot before. I use 10 pips allowance to give enough space from spikes, if you can do above 10 pips then its better but not below it.In the opposite place your target at 00 level because it will most likely be hit.

This is called the best round number,
usually best round number is a suitable place to open a position,
we can put a limit order at the round number, then put stoploss below / above
This will be a static psychological level that will not move all the time, the reason being that the numbers are easy to remember

[Abrar Ahmed]

Draw major support resistance using high timeframe and draw minor ones using lower time frame. Place your stops a few pips above or below or above the support or resistance. If possible moniter your take profit and exit when you get signals of trend \reversal

[jeetnrimi]

Mere khyaal se stop loss aur take profit ko daily ke risistance aur support level ke aas paas set karna behatar strategy hai, 10 pips aur 20 pips ka stop loss set karne se hum hamesha stop loss ko hit karne se nahi bach sakte hai, 10 pips ki stop loss profitable strategy nahi hai.

[saqib493]

forex bussiness nay hum ko treade main stopless nad take profit dayyia hay jiss ka treade main kaam hum ko treade main loss say bachana and profit kaa deena humaray lagatiaa howiaay order per,

[Raj.Kumar]

i think this is a peculiar idea of not setting stop loss to 00. if one believe that it is touch every time then can do it no problem. but i think it is not logical any more. the price will goes as it directed buy the price action or other economical factor but the price will never know about the 00 level of the market. in general some time price move 300 -500 pips in a day so it have to cross many 00 level.

Yes, that's right muna. i prefer to choose to place my stop loss at the nearest swing high or swing low. even my profit target is also using swing high or swing low. if we place SL in that price number, as like as 00, 50 etc, we will find that different broker will also has different price, so, which price we must set when we use our broker that is different with TS brokerage ?
For me, that is not a logical way to set a Stop Loss.

[shamshad21]

Mujhe is risky business main ziada earning ka shok nai hai aur main humesha 10 se 15 dollars per pip ki talash main rehta hun. Main daily kay high aur low ke hisab say hi stop loss aur take profit lagata hun.

[shoaib515]

brother ap ney bohot hee achi opinion ham logon sey share ki hey men is useful post per ap ka shukria ada karta hun . Men isi tarha trading kar ke kafi sara profit ikatha kar lun ga forex per trading bohot easy hey .

[bolbol_07]

Positioning a SL to be able to possibility less funds is a superb item nevertheless aim of SL is actually no case of mind its needs to be based about technical analysis