"Forex day trading system: Stop Loss"In general, I use 3 stop loss when I take a trade with my forex day trading system. I'll show you where I put it:
When the forex market has an Up Big trend
#1 Stop loss It is easy to find it. You need just to take the first SAR dot. You put your stop under it.
#2 Stop loss To put your second stop loss, prices have to cross the high after you take your day trade.In general, you put it under the low of the "candlestick entry".
#3 Stop loss When prices cross the "-38,2%" level, I put my stop loss on my entry. If you have any questions send me an email:
#1 Stop loss It is easy to find it. You need just to take the first SAR dot. You put your stop above it.
#2 Stop loss To put your second stop loss, prices have to cross the Low after you take your day trade.In general, you put it above the High of the "candlestick entry".
#3 Stop loss When prices cross the "-38,2%" level, I put my stop loss on my entry. If you have any questions send me an email:
Theory is good, but you need to try by yourself on a free forex demo account. Send me your day trade charts, and I'll say if you take it correctly. Have success
Please enter the Password. |
