How Do YOU Determine Stop Loss ???

[Mysticforex 13]

Just curious. How do YOU determine where to place your S/L ?

 

Is it a set number of pips? Or is it how much money you are willing to lose on a trade?

 

Do you use an indicator?

 

Or is it recent strong support ( on a buy ) / Recent strong resistance ( on a sell ) ???

[Ammeo 10]

Just curious. How do YOU determine where to place your S/L ?

 

Is it a set number of pips? Or is it how much money you are willing to lose on a trade?

 

Do you use an indicator?

 

Or is it recent strong support ( on a buy ) / Recent strong resistance ( on a sell ) ???

 

One good method to determine the stop loss is using the ATR Indicator. Many pro traders use ATR to determine where their stop loss should be. ATR is an indicator which moves up and down according to the volatility of the underlined asset.

[natureboy1618 10]

I use wave patterns for entry; as with practically all chart patterns the pattern can be used for stop loss placement.

 

Say for an ABCD entry, entering on a reaction from D my stop loss will go 12 pips (not incl. spread) beyond D.

[David Fx 10]

Normally this depend on trader mind and trader account that how much he can losses for his trade. I think 30 pips stop loss is good for a trader. Stop loss in Forex market always save a trader money.

:haha:

I think stop loss is good in Forex market.