What's new

Where to put the SL on trades

4.50 star(s) 2 Votes

turner12

New Member
I've been trading for a few months and I've discovered that trading with big SL are good but sometimes it gets to you the bottom for example, Gold. Gold is soooo hard to trade with sometimes. For other currencies it works, but when there's a reversal it can be tricky.

Any suggestion??
 
I've been trading for a few months and I've discovered that trading with big SL are good but sometimes it gets to you the bottom for example, Gold. Gold is soooo hard to trade with sometimes. For other currencies it works, but when there's a reversal it can be tricky.

Any suggestion??
I have found that some signalers like to make it 100 pips, and others 200 pips on currencies. However, I do not recommend going that long in gold or indices!! That many pips is a big swing even on currencies, and is for a long trade, not scalping. If you want to scalp, then I would stick w/ 20 pips.
 
I've been trading for a few months and I've discovered that trading with big SL are good but sometimes it gets to you the bottom for example, Gold. Gold is soooo hard to trade with sometimes. For other currencies it works, but when there's a reversal it can be tricky.

Any suggestion??


Firstly you Shapiro always trade with a minimum of Risk reward of 1:1

If trading break and retest your SL should be below the last low/high, if price reverses three then you just got the trade wrong
 

Create an account or login to comment

You must be a member in order to leave a comment

Create account

Create an account on our community. It's easy!

Log in

Already have an account? Log in here.

Similar threads

Users Who Are Viewing This Thread (Total: 1, Members: 0, Guests: 1)

Top
AdBlock Detected

We get it, advertisements are annoying!

Sure, ad-blocking software does a great job at blocking ads, but it also blocks useful features of our website. For the best site experience please disable your AdBlocker.

I've Disabled AdBlock    No Thanks