DislikedSorry I couldn't get back to you right away. I was taking advantage of the lull in the market.
I have been trying to figure out myself what my stop loss is. If I put a number on it, I would say 20 but it can be 10 to 30. It can depend; if there is a pivot nearby it may be lower. I watch PA to help me decide.
With such a small amount of pips you are risking for your risk/reward ratio is high. Usually your stop will be maybe 1/2 of what you are trying to gain. Some on this thread scalp small trades like that but use no SL. I don't recommend that...Ignored
- Post #48,181
- Quote
- Dec 3, 2008 11:54pm Dec 3, 2008 11:54pm
- | Joined Jun 2008 | Status: Member | 40 Posts
- Post #48,182
- Quote
- Dec 3, 2008 11:59pm Dec 3, 2008 11:59pm
- Joined Aug 2007 | Status: TARFU... | 7,015 Posts
FUBAR...
- Post #48,183
- Quote
- Dec 4, 2008 12:04am Dec 4, 2008 12:04am
- Joined Oct 2008 | Status: sideline is a position | 97,439 Posts
those who can, do. those who cant, talk about those who can
- Post #48,184
- Quote
- Dec 4, 2008 12:06am Dec 4, 2008 12:06am
- Joined Oct 2008 | Status: sideline is a position | 97,439 Posts
those who can, do. those who cant, talk about those who can
- Post #48,185
- Quote
- Dec 4, 2008 12:22am Dec 4, 2008 12:22am
- Joined Oct 2008 | Status: sideline is a position | 97,439 Posts
those who can, do. those who cant, talk about those who can
- Post #48,187
- Quote
- Dec 4, 2008 12:23am Dec 4, 2008 12:23am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,242 Posts
- Post #48,188
- Quote
- Dec 4, 2008 12:28am Dec 4, 2008 12:28am
- Joined Oct 2008 | Status: sideline is a position | 97,439 Posts
those who can, do. those who cant, talk about those who can
- Post #48,189
- Quote
- Dec 4, 2008 12:31am Dec 4, 2008 12:31am
- Joined Aug 2008 | Status: Self-proclaimed psychologist | 3,179 Posts
Different opinions highly valued, ignorant to slander.
- Post #48,190
- Quote
- Dec 4, 2008 12:32am Dec 4, 2008 12:32am
- Joined Oct 2008 | Status: sideline is a position | 97,439 Posts
those who can, do. those who cant, talk about those who can
- Post #48,191
- Quote
- Dec 4, 2008 12:35am Dec 4, 2008 12:35am
- | Commercial Member | Joined Jul 2006 | 2,566 Posts
- Post #48,192
- Quote
- Dec 4, 2008 12:38am Dec 4, 2008 12:38am
- Joined Aug 2008 | Status: Self-proclaimed psychologist | 3,179 Posts
Different opinions highly valued, ignorant to slander.
- Post #48,193
- Quote
- Dec 4, 2008 12:42am Dec 4, 2008 12:42am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,242 Posts
- Post #48,194
- Quote
- Dec 4, 2008 12:46am Dec 4, 2008 12:46am
- Joined Oct 2008 | Status: sideline is a position | 97,439 Posts
those who can, do. those who cant, talk about those who can
- Post #48,195
- Quote
- Dec 4, 2008 12:49am Dec 4, 2008 12:49am
- | Commercial Member | Joined Jul 2006 | 2,566 Posts
- Post #48,197
- Quote
- Dec 4, 2008 12:52am Dec 4, 2008 12:52am
- Joined Oct 2008 | Status: sideline is a position | 97,439 Posts
those who can, do. those who cant, talk about those who can
- Post #48,198
- Quote
- Dec 4, 2008 12:55am Dec 4, 2008 12:55am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,242 Posts
- Post #48,199
- Quote
- Dec 4, 2008 12:59am Dec 4, 2008 12:59am
- Joined Oct 2008 | Status: Let the market come to you | 2,670 Posts
- Post #48,200
- Quote
- Dec 4, 2008 1:02am Dec 4, 2008 1:02am
- Joined Oct 2008 | Status: sideline is a position | 97,439 Posts
those who can, do. those who cant, talk about those who can