To use chat, please login.
Back to contacts
stevewalker
stevewalker
Sep 13 2012 at 21:34
1439 posts
lenjive
Sep 13 2012 at 22:03
127 posts
how you determine your sl.
>there is no one rule, stop loss is determined mostly on technical analysis of recent market moves paired with known support/resistance / fib lines + guesswork lol

Same for all which is the first executed order?
Or individual?
>they all start with an individual SL, for a 0.05 i try to keep it within a max of @30 pips, @ 0.02 ill push the SL to a max of 60 pips. bigger trades = tighter stop loss.

if the market moves +20 pips after the trade is placed, and market is in a trend, i will often move SL to break even instantly, when market is ranging i keep stop loss where initially placed,

if market moves further say another +30 pips, so +50 pips total i will align all SL to match each other say at +20 and adjust as i go.

TP i usually have two targets and split it between them.

for example the setup earlier looks like:


1st trade 0.05 @1.2999 SL@1.310 TP@1.2935
2nd trade 0.03 @1.2994 SL@1.320 TP@1.2935
final trade 0.02 @1.2985 SL@1.335 TP None

lenjive
Sep 13 2012 at 22:05
127 posts
i will check out 9x now ;)

im no good at coding, but happy to help if at all!!

lenjive
Sep 13 2012 at 22:10
127 posts
i have to be careful on the above trade, my gut is telling me that eur tomorrow will again be bullish, not bearish

will leave it in until i go to bed (in about 3 hours)

then will look to buy on dips again.

2089114055 (FreddyFX)
Sep 13 2012 at 22:16
15 posts
Many times EU will seek pivot during its 24 hrs. moves, so I am actually short orientated.

trading is easy, keeping the profits is difficult
lenjive
Sep 13 2012 at 22:16
127 posts
oh and to add, days like today, i double SL to account for volatile market moves, risky yes but has saved me taking losses when SL too tight for market conditions

lenjive
Sep 13 2012 at 22:20
127 posts
FreddyFX posted:
Many times EU will seek pivot during its 24 hrs. moves, so I am actually short orientated.


pivot for daily is 1.2950? lets see where we go,

i had a target of 1.2935 as that is support

2089114055 (FreddyFX)
Sep 13 2012 at 22:31
15 posts
Yes, my chart shows DPV 1.29473

trading is easy, keeping the profits is difficult
lenjive
Sep 13 2012 at 22:32
127 posts
Chikot
Sep 13 2012 at 23:24
2299 posts
This stuff is beyond me. But it is very smart thing you are doing.

lenjive posted:
how you determine your sl.
>there is no one rule, stop loss is determined mostly on technical analysis of recent market moves paired with known support/resistance / fib lines + guesswork lol

Same for all which is the first executed order?
Or individual?
>they all start with an individual SL, for a 0.05 i try to keep it within a max of @30 pips, @ 0.02 ill push the SL to a max of 60 pips. bigger trades = tighter stop loss.

if the market moves +20 pips after the trade is placed, and market is in a trend, i will often move SL to break even instantly, when market is ranging i keep stop loss where initially placed,

if market moves further say another +30 pips, so +50 pips total i will align all SL to match each other say at +20 and adjust as i go.

TP i usually have two targets and split it between them.

for example the setup earlier looks like:


1st trade 0.05 @1.2999 SL@1.310 TP@1.2935
2nd trade 0.03 @1.2994 SL@1.320 TP@1.2935
final trade 0.02 @1.2985 SL@1.335 TP None

Please login to comment .