FX:USDJPY   U.S. Dollar / Japanese Yen
55 5 3
SL -17 Pips
TP+ 50 Pips
EURUSD +80 PIPS RIsk 40 Pips
Alright. I understand your point. However, do take note that there is an indicator AVERAGE TRUE RANGE which is good for determining how much pips is required for a stop loss for a particular time frame. And i must say 17 pips for a Major forex pair USDJPY on the H4 is really pushing it.
unless you are buying/selling at a round number den 17 pips seems to be slightly pushing it, other than that it is just pushing it.
Sorry for my long post.
It is normal that people agreed or disagreed, sometime I put SL 40-50 Pips, people say, If your entry is good enough, no need to put to much SL. I understand this. ^^
How ever, I Trade only 1 Lot size per trade. so 17 Pips is only >0.3% risk of my Portfolio.This Morning I just TP +80 Pips for EURUSD. So, I think It is so simple, 17 Pips SL not a waste trade If compare to my win another trade. ^^
Thx , ^^
Hi there, just a humble advice. Any trade with a 17 pips SL is bound to be hit on the 240min time frame. The USDJPY long idea is good though. Just your trade management.
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