http: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 w…
Tips For Successful Forex Trading
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http: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 w…
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Is 25 pips what you generally shoot for?
thanks
hi, could you tell me what is the best timeframe to use for this method?
Thank you.
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.