Disliked{quote} Hi tibovwh, As far a S/L go there is no magic number which people seem to think. It all depends on the pair, TF, market session etc. An initial S/L is used to minimize risk and I can say that mine never gets hit . I trade mainly H1 and use an emergency S/L of either 50 pips or outside the PAC (never bigger than 70 pips). Once the trade is going in my favor I'll move the IS/L to 25-30 pips. If the trade goes against me 25-30 pips, I'll close it, put it down as a bad entry, accept it as a business expense and either look to re-enter or...Ignored
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Never argue with a fool; onlookers may not be able to tell the difference.
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Never argue with a fool; onlookers may not be able to tell the difference.
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I Have Learned to Take Some Losses to Make Profits
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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I Have Learned to Take Some Losses to Make Profits
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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