Forex Stop Loss | Forex Trading Tips
Aug.29, 2009 in
investing
Free Forex Trading Tips: www.forexstrategysecrets.com Forex Tip: do not set your stop loss by a set number of pips, or at a pivot point, or a Fibonacci line. Set your stops where the Forex market tells you to set them. This forex tip has helped me improve my trading tremendously. There is…
September 12th, 2008 at 1:40 pm
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September 19th, 2008 at 11:44 pm
what time frame were you using? what were your macd and moving average settings also? thanx!
p.s.- video on selecting a take profit??
October 10th, 2008 at 1:04 pm
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November 1st, 2008 at 1:10 am
Excellent video! Helped me solve my stop-loss problem! Thanks!
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January 21st, 2009 at 8:25 am
great video, thanks
January 30th, 2009 at 4:46 am
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February 5th, 2009 at 1:15 pm
The stop loss rate is very important.
April 4th, 2009 at 10:40 am
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June 4th, 2009 at 11:04 pm
Yeah, it’s pretty simple to figure out where you should place the stop loss, the hard part was to learn that you ALWAYS need to use stop loss
If you are buying place the stop loss just under the last low. Or if you are buying a 38.2% fib retracement, put the stop loss just below 50% retracement in case the pair decides the deeper pullback. Also I put stop loss quite far from the actual line, at least 10 pips or so.
June 20th, 2009 at 4:59 am
The Stopploss would be ok, if you are in a Trend and have a much highter target. On a short Timeframe on Intraday Trading it is just plain stupid, he looses way to much pips, compared to what he makes. Its nice to see which profit would have been possible, but in live trading he would rarely make all those pips. BTW if price goes against you these stops gets taken out on intraday trading just before they turn around.
July 17th, 2009 at 11:51 pm
Thanks all information is appreciated, there is so much to learn to become a successful forex trader.
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August 4th, 2009 at 8:56 am
hi,
could you tell me what is the best timeframe to use for this method?
Thank you.
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August 23rd, 2009 at 11:33 am
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