My way of placing stop and take profit!

[AHMEDALEX]

I agree with you by a large margin, but sometimes the error analysis of similarities and get profit spontaneously to the trader is likely to be more greed for profits without recourse to the wisdom of trading and in the allotted time so that you can Kheruch without losses or the ratio of losses a few

[kashifrehman]

Placing a stop loss to risk less money is a good thing but point of stop loss is not a matter of mind its must be based on technical analysis, you must consider support and resistance for your position than decide your point of stop loss.

[twinkling star]

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.

you have give the very good strategy I will follow it in my demo account, but I am unable to understand it fully, plz explain me well if you can as I am unable to understand what you want to say about 00 pips. it means not to set stop loss, am I right, explain me elaborately plzzz, I am waiting for yours reply.

[maryosa]

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.

Real good advice for all trader but let me add to it that if place stop below or above 00 and the stop fall before next support or resistance, then also need to move it far off to stop 15 pip above major resistance or 15 pip below major support.

[xiaotanghao]

Thank you so much that you share your strategy here.Now I wish I can share my strategy here.I usually have not got a clear about stop loss there.So when I make a order in forex,then I will just place the stop loss at 10 pips below the suppot line and target as 10 even 20 pips below the pressure line.

[rahibul]

In the 15 minutes charts I thinks stop loss may 40 pips and take profit 10 pips. And others time frame as a ratio on 15 minutes charts after follow the money management rules. If any one not follow money management so they depend on their response.

[Morshedul]

Thanks for sharing these. I think this strategy really helps me while i am trading. By using your advice, i think i can really earn some profits through which i can go further. But i have a problem. I never use stop loss. So i have no idea about it. Can anyone tell me what does stop loss mean?

[niteshforex]

Nice tips, especially the one about the psychological level. It is very effective because most traders put their take profits at major levels like 00 and minor psychological levels like 50. This means that they will ensure push the price to reach this level before taking profit. However your take profit and stop loss should naturally border on your entry and risk to reward allowance.

[joget]

Hello Indian, I want to share with you, Wrong placement means wrong profit or lose. You have no right to take it. Because this you could not go ahead. I hope your best day. So I suggest you to take a right placement for real Forex man. It's have right to take. Also it may not give you all time profit. I can confirm you that All good trader can not earn from all trade. For that you need select a trading psychology. Which kind trade you will play. Scalping or day trading. Than you will select pair, than you will select time frame than you will select overbought and oversold market, than you will select support and resistance market, than you will select you right stop lose and take profit area. Yes take your profit or lose confidentially. I hope your best day. Again I request you Please make plan and modify day by day. You will gain sure.

yup, your'r rigth... but how? to select the pairs and time frame, to take a right placement, to know overbought and oversold market, to take profit or cut loss confidentially like you do... would you share your successfull strategy? i wanna learn it if you don't mind... thx'u.

[Susti]

I usually put my stop loss afew pips (usually around 5) over the resistance/support levels. That way I'm protecting myself from news breakouts and other unpredictable things that affect the market. But I am a short time trader, I usually do scalping in between the resistance/support lvls according to trends and only make long term investments when I am pretty sure of the outcome. So this is also how I protect my small time trades (where I want a profit of 10-20 pips) from costing me if or when the trend changes. I guess for long time investements you might want to put the stop loss abit further like 10 or 15 pips beyong support/resistance.