No_more_Post
Long

Buy USDJPY SHORT TERM

FX:USDJPY   U.S. Dollar/Japanese Yen
55 5 3
SL -17 Pips
TP+ 50 Pips
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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No_more_Post
2 years ago
Thx , ^^
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No_more_Post
2 years ago
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. ^^
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No_more_Post
2 years ago
Sell EURUSD at Resistance
EURUSD +80 PIPS RIsk 40 Pips
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PriceActionTrading No_more_Post
2 years ago
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.
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