Thread: How far is your Stop loss

Hello everybody.

I Made this thread which I assume was made 1000's times but why don't you make it 1001: How far can you place your stop loss? Do you put it 30 pips 50 pips? Or go further and put it even farther or to 90 or 70? Tell us your stop loss and where you place it and why would you place it there?

Ill start off with I place my stop loss at Key Reversal points when its bull market im gona place it Key Support stage when its Bear market it im gona place it at key resistance point which can be as far as 125-200 pips occasionally more. I place it at special important points that market reachs as it Reverses from bull to bear or vice versa.

Tell us yours.

Originally Posted by ;

Oh Man Turveyd, do not move them stops. You're never smarter during a trade than you had been before it. Take the hit and evaluate the loss. Wait until you are seeing the market clearer and make it back. I've been down that road and experience has been bought and paid for.

Well said, producing my stops larger has cost me more money than every other trading mistake. I really do believe in tightening stops during a profitable commerce... similar to a trailing stop but have to do it manually with Oanda.

Only my opinion-really tight stops make it difficult to receive a considerable number of pips in a trade. I am currently employing a 25 pip stop loss with a factor take profit dimension. It is really, really tough to get a 40 pip exchange with a really tight stop loss... it's like the commerce gets choked before it could get rolling.
happy trading

Palabara, after neglecting to profit in the NFP ( down 3pips ), I gave it up and couldn't pull the trigger, so setup a second FXCM demo account, got my mind back in the match and made within 90pips, without losing trade.


Sooooo much simpler to trade with virtual currency


Squat, I find no real problem making big moves, with a 13pip currently cease ( generally, trading badly recently ), all depends on your quality of entrance, I love to take advantage of short-term blips against the tendency for me in with a decrease stop.

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

I've been having success with a 30 pip SL and 10 pips and disperse as TP. It keeps me in every trade although I know this isn't a ratio that is good and that I earn a profit.

To answer too Turveyd, the problem lays with you is that, you need to take demo account and go's to everybody trading a demo account simply because you are risking virtual money dosnt mean that you arnt training your self and in coaching you require each little seriously, so just make your self a egy on the demonion of how much money you wish to earn and see whether you can achive it and research every mistake you make and tighten your system so that you may present your self monthly profits onto the demo account and just confidentely trade then dont overlook your self and dont change the system you have developed that showen you income. Though its hard try to restrain your self you just obtain displine from sticking into a demo account minus the dependence of going to a live account simply since the winnings are money.

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

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

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


Quite common, when I put a trade for it to spot around the Zero area for hours, when it was moving well, tis very strange.


Practically there however, few more bugs to form in my head LOL

My stop loss is dictated by several things, so, is subject to change accordingly. Depending on the Pair I am generally at 30-200 pips.
That I have a couple Brokers I use for various factors. I purchased the USD/PLN @ 2.9950, also decide on a Cease at 150 pips because of its volitility. Up it for me now so last week commited to move the Cease into profit for 200 pips, also it sheds here for quite a while. When I transferred the Stop Loss I think I was about 700 pips upward, but, this Pair changes really Dramatic and will Dictate a competitive Stop Loss, now I can relax on this trade and take the Pie in the Sky! : P.S. Please don't go buying the USD/PLN now, I wouldn't. I waited and got what I felt was a good safe Enter Point with this particular Pair with this volitity. IT WILL EAT YOUR LUNCH!!!!