I think specially the one about the emotional stage. It is very efficient because most investors put their take earnings at significant stages like 00 and minimal emotional stages like 50. This implies that they will make sure force the cost to achieve this stage before getting benefit. However your take benefit and stop-loss should normally boundary on your access and danger to compensate allocation. its rely to couple what i select to dealing in that day, for USD/JPY i always create stop-loss its 15 pips from focus on and create focus on is 10 pips, because USD/JPY activity not relay extreme.