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Hi ladies and gents,
I haven't submitted a thread in a long time.
I've returned to trading and I remember one the most difficult task was establishing where to place a protective stop. I know the question I should ask myself is 'how much I'm willing to risk' and then place my stops at that point. However, I don't want to place a stop where everybody place their stops, I.e. 2 or 3 points below the lowest of the previous bar.
Can you guys recommend any tried and tested areas that has worked for you when placing your own stops?
Cheers
Carlton
I haven't submitted a thread in a long time.
I've returned to trading and I remember one the most difficult task was establishing where to place a protective stop. I know the question I should ask myself is 'how much I'm willing to risk' and then place my stops at that point. However, I don't want to place a stop where everybody place their stops, I.e. 2 or 3 points below the lowest of the previous bar.
Can you guys recommend any tried and tested areas that has worked for you when placing your own stops?
Cheers
Carlton