Posts Tagged where to place stops

Making your Stop is in the Right place – Forex Trading

Making your Stop is in the Right place - Forex Trading

When I trade, I always ensure that I put a stop in for every order.. this is usually 50 pips or points and acts as an emergency stop should anything drastic happen with the markets or if my internet connection dies.. I know my maximum possible loss. However, it is important to ensure that a stop is place in the right place otherwise you'll be hammered by the stop hunters as they seek to take you out. My trade today on the GBPUSD was as below.. I saw a triple stop in the 15minute timeframe

September 7, 2011 No Comments Full Story

The Importance of Having your Stop in the Right Place – Trading the Financial Markets

The Importance of Having your Stop in the Right Place - Trading the Financial Markets

I wanted to put this post up to remind myself of a lesson which I seem to have forgotten and cost me today and that is... "ensuring that your stop is in the right place" To be honest, I got a bit lazy and have been putting stops with my orders with no real analysis as to where they should be. I know some people and some of the systems that I use do have a fixed stop limits but this way of trading for me involves putting in stops in the correct place. A stop is your 'yes, I am definately wr

August 30, 2011 1 Comment Full Story