How far is your Stop loss

Well said, making my stops bigger has cost me more money than any other trading mistake. I do believe in tightening stops during a profitable trade ... similar to a trailing stop but i have to do it manually with Oanda.

Just my opinion-really tight stops make it hard to get a significant amount of pips in a trade. i personally am currently using a 25 pip stop loss with a variable take profit size. It's really, really hard to get a 40+ pip trade with a really tight stop loss... it's like the trade gets choked before it can get rolling.
happy trading

Palabara, after failing to profit from the NFP ( down 3pips ), I gave it up and couldn't pull the trigger, so setup another FXCM demo account, got my head back in the game and made over 90pips, without 1 losing trade.


Sooooo much easier to trade with virtual money


Squat, I find no real issue making big moves, with a 13pip currently stop ( normally, trading badly recently ), all depends on your quality of entry, I like to take advantage of short term blips against the trend to get me in with a lower stop.

My error recently, is to just on the short term blips going with them, not against them, but never mind, nearly though this

Lately I've been having success with a 30 pip SL and 10 pips plus spread as TP. I know this is not a very good ratio but it keeps me in almost every trade and I make a small profit.

to reply too Turveyd, the problem lays with you is that, you need to take demo account seriously and that go's to everyone trading a demo account just because you are risking virtual money dosnt mean that you arnt training your self and in training you take every bit seriously, so just make your self a plan on the demo of how much money you wish to earn and see if you can achive it and study every mistake you make and tighten your system so you can show your self monthly profits on the demo account and just confidentely trade then dont doubt your self and dont change the system you have developed that showen you income. Even though its hard try to control your self you just gain displine from sticking to a demo account without the addiction of going to a live account just because the winnings are money.

I'm actually trying to do that the other way around, trying to use the Demo account to prove that my system / setups work and then to actual trade them for real, without so much fear.

Sad thing is, I wuss outta trading my setup, then watch the market move 40pips, then I try to pick a top against my system, and generally get stopped.

And when I am in a winning trade, if it hesitates abit, where just in profit, then I normally bail at that point, if it can get a good move then I'm fine, but the just in makes me bail way to soon to be safe.


Fairly common, when I place a trade for it to hover around the Zero area for hours, when it was moving nicely, tis very strange.


Nearly there though, few more bugs to sort in my head LOL

My stop loss is dictated by many factors, so, is subject to change accordingly. Depending on the Pair I am usually at 30-200 pips.
I have a few Brokers I use for various reasons. I bought the USD/PLN @ 2.9950, and set a Stop at 150 pips due to its volitility. It up for me now so this past week commited to move the Stop into profit for 200 pips, and it Stands here for a long time. When I moved the Stop Loss I think I was about 700 pips up, but, this Pair changes very Dramatic and will Dictate an aggressive Stop Loss, now I can relax on this trade and shoot for the "Pie in the Sky"! : P.S. Please do not go buying the USD/PLN now, I would not. I waited and got what I felt was a good safe Enter Point for this Pair with this volitity. IT WILL EAT YOUR LUNCH!!!!