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...
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- #57,625
- Jun 5, 2015 6:09am Jun 5, 2015 6:09am
- Joined Nov 2012 | Status: Trader | 2,339 Posts
I Have Learned to Take Some Losses to Make Profits
- #57,626
- Jun 5, 2015 6:11am Jun 5, 2015 6:11am
- Joined Nov 2008 | Status: Trader | 50,190 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #57,627
- Jun 5, 2015 6:13am Jun 5, 2015 6:13am
- Joined Nov 2012 | Status: Trader | 2,339 Posts
I Have Learned to Take Some Losses to Make Profits
- #57,629
- Jun 5, 2015 6:56am Jun 5, 2015 6:56am
- Joined Nov 2008 | Status: Trader | 50,190 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #57,631
- Jun 5, 2015 8:24am Jun 5, 2015 8:24am
- Joined Nov 2008 | Status: Trader | 50,190 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #57,632
- Jun 5, 2015 8:33am Jun 5, 2015 8:33am
- Joined Nov 2008 | Status: Trader | 50,190 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #57,634
- Jun 5, 2015 9:35am Jun 5, 2015 9:35am
- Joined Nov 2008 | Status: Trader | 50,190 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett