EntryTips - target : stoploss (2)
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  • #1 Collapse

    EntryTips - target : stoploss (2)
    i either place my stop loss behind or up on fib retracement level depending on an up or down trend or place it above or below a key level support or resistance
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  • #2 Collapse

    @ shehryar713, I also do it in the same way. But mine is a little bit different since i use it above or below support and resistance levels. It is a strong place to set it since such positions are difficult to break.
     

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    • #3 Collapse

      placing your stop loss is key in trading. You have to give the price level some air to breathe before it goes up or down, but you dont want to get stuck with a huge loss. Its always smart to put it a little bit above the resistance line or below the support line

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      • #4 Collapse

        Originally posted by shehryar713 View Post
        i either place my stop loss behind or up on fib retracement level depending on an up or down trend or place it above or below a key level support or resistance
        yes ... SL was placed at the point Fibo retracement level is very reasonable and I'm so glad .. I always put the SL at the level of 100.0
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        • #5 Collapse

          Originally posted by chidi View Post
          @ potato, Dont you think that it is better to use 1 : 2 instead. I mean TP = double of SL. It is better that way to reduce risks.
          I agree with you my friend...
          Using 1:2 is more easier to achieve than using 1:3 ratio...
          Personally I often use 1:2 in every trade I take...
           
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          • #6 Collapse

            Originally posted by greenteafx View Post
            I agree with you my friend...
            Using 1:2 is more easier to achieve than using 1:3 ratio...
            Personally I often use 1:2 in every trade I take...
            1:2 is good if we are lucky we taxable profit
            but if we are lucky we are again not taxable loss and not subject to a margin call
             

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            • #7 Collapse

              When I first time put stop loss while there was job less claim US around 30 pips, when data released my SL directly hit, but several minutes after that back again become. I think SL depend on condition, when put SL before Fundamental data released, will be hit, but if put this after 30 minute data released, will not hit.
               
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              • #8 Collapse

                Originally posted by yuventius View Post
                When I first time put stop loss while there was job less claim US around 30 pips, when data released my SL directly hit, but several minutes after that back again become. I think SL depend on condition, when put SL before Fundamental data released, will be hit, but if put this after 30 minute data released, will not hit.
                But what was your TP???there's always have a ratio?
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                • #9 Collapse

                  Originally posted by potato View Post
                  for me..i always place my stop loss at 3:1.. if i take profits at 10 pips,then my stop loss will be at 30 pips.
                  1 of my account already MC because i forgot to put the stop loss. suddenly my connection lost for a week..
                  only suggestions, we'd better meneteapkan larger profit than loss..
                  because if we all profit, we still have a chance to break-even loss 2 times..
                   

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                  • #10 Collapse

                    Originally posted by FX2011 View Post
                    i think its depend my risk level . i place my stop loss 50 pips . what about your stop loss and risk ?
                    I always use stop loss 1:2 with take profit...^^
                    like if I use 50 pips stoploss so I will use 100 pips for my Takeprofit...^^
                    Good Luck

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                    • #11 Collapse

                      for me i am placing my SL below the bottom in case of buy orders
                      and above the top in case of sell orders.
                       

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                      • #12 Collapse

                        Many traders will put 50 pips there.But for me, I usually set the SL above the regist line or under the support line a few pips.That is my strategy to set SL there.

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                        • #13 Collapse

                          for me i am placing my SL below the bottom in case of buy orders
                          and above the top in case of sell orders.
                           

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                          • #14 Collapse

                            Originally posted by espirit
                            Try to put SL 100 pips. Using 5% margin, i think, it not the large amount that you will loss from 5% margin.
                            in my opinion 100pips of SL is very large because im not long term trader..
                            i put SL 40 pips in each my position..
                             

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                            • #15 Collapse

                              Originally posted by indrayan View Post
                              in my opinion 100pips of SL is very large because im not long term trader..
                              i put SL 40 pips in each my position..
                              For me I don't like to use fixed pips in my daily trade...
                              Because each pairs have different daily range in pips...
                              For example I like to use 50 pips stop loss for major pairs, and use 100-150 pips for cross pairs...
                              Because major pairs have smaller movement than cross pairs...
                                 
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