closed trades by protective Stop Loss on USOIL
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Difference between buy/sell stops & buy/sell limits 34 replies
Difference between buy limit, sell limit, buy stop, & sell stop? 4 replies
how to change buy to sell, sell to buy for EA 1 reply
the buy/buy or sell/sell currency broker?? 5 replies
I am looking for EA to put Buy Stops, Buy limits, Sell limits, and Sell Stops. I will 0 replies
DislikedOpen Trades for 4 pairs. while the the trade direction of EURAUD is clear, there is no clear entry signal so for now we stay out of this pair. {image}Ignored
Disliked{quote} Very Good Master sunshine I agree , I particularly liked break out cause market like a train and we are the passengger .... When Price is UP, buy; when Price is Down, sell short... Good Luck and SuccessIgnored
DislikedHello ;-) I would like to talk a little bit about setting the stop losses. I have trouble with GBP/JPY and several other pairs like EUR/USD, GPB/USD. This week we had a big spike and to open a trade next day ie. on GBP/JPY I should put a stop loss around 300 pips lower. (please see GBP/JPY D1 picture). My question is: after the spike how to set up the stop loss? Is it 300+ pips below or should I go to lower tf and find some support/ressistance? Right now o 4h chart there is a range trend so setting a stop loss just below that range would be a solid...Ignored
DislikedHello ;-) I would like to talk a little bit about setting the stop losses. I have trouble with GBP/JPY and several other pairs like EUR/USD, GPB/USD. This week we had a big spike and to open a trade next day ie. on GBP/JPY I should put a stop loss around 300 pips lower. (please see GBP/JPY D1 picture). My question is: after the spike how to set up the stop loss? Is it 300+ pips below or should I go to lower tf and find some support/ressistance? Right now o 4h chart there is a range trend so setting a stop loss just below that range would be a solid...Ignored
QuoteDislikedScrabie, i forgot to mention that if u are uncomfortable or unsure about where to place the SL after a huge spike or a wide ranging bar/day, then stay out of the trade.
u do not have to take the trade.
QuoteDislikedyes u are correct, if you took that trade after that very long daily bar then your SL would have been almost 400 pips. THAT was the reason i did not take that trade, the SL was too wide for my comfort.
... it is not necessary to drop down to a lower tf such as 4hr or lower in order to get a better SL placing...just stay on the Dly if u trading the M+Dly combo.
... i hope i answered your question to your satisfaction.
Dislikedhi Sunshine ,can you please analyse euaud,eurjpy,eurusd for thw weekIgnored