Stop Loss ?

roshannaidu said:

Hi, has anyone done a 'study' on the minimum stop loss required for different times of the day, when trading eur/usd ? or is this even possible to determine ?

Minimum stop loss = least likelihood of being stopped out with the smallest monetary outlay.

Thanks

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roshannaidu said:

Hi, has anyone done a 'study' on the minimum stop loss required for different times of the day, when trading eur/usd ? or is this even possible to determine ?

Minimum stop loss = least likelihood of being stopped out with the smallest monetary outlay.

Thanks

Click to expand...

TheBramble said:

No, of course not.

Try Fibs, S&R, multiple Timeframes, momentum, volatility, X-currency weightings, activity in the bond markets, scheduled news releases, pivot points, previous day range, Asian range, cycles - and if you've any space left on your chart throw in some Gann and Elliott.

Shortcut.

Choose your trading timeframe.

What's the distance (price) between the last swing high and the last swing low? Add 50%. You'll rarely get stopped

Neither will you make much money.

What do you really want to do - avoid getting stopped out or make money?

Click to expand...