Setting Stop Loss & Trailing Stops.
- This topic has 2 replies, 2 voices, and was last updated 8 years, 11 months ago by
.
-
Posts
-
EUR/JPY
15 min chart showed a buy stop opportunity after a bullish candle at 136.285. So I placed my tight stop line at 136.392 and a loose stop at 136.771 followed by a trailing stop at 137.989
5 Min chart I noticed a potential tight stop at 137.801 after the moving average cross over, and a loose stop at 137.981 followed by a trailing stop at 138.145
GBP/AR
The 5M chart after the MA crossover a tight stop at 18.73899 followed by loose stop at 18.73172
Hi Susan, can I just double-check your placements…
e.g. if you were a buyer in EURJPY at 136.285 your tight stop would go below the low of the candlestick that gave you the entry so I’d expect a price lower than 136.285. And your loose stop would be lower down still – beneath the latest lows. It looks like you’ve got your initial stop losses higher than your entry point from what I can see. Have I read your prices as you intended? Remember the stop loss marks the price at which you would exit the trade if the market moved against you.
- You must be logged in to reply to this topic.