Stop Loss

[Ainsley]

What is the best method of setting a stop loss, for example do many people use the fib 1.5

ie if the xtl does the 1.5 extension then enter else if it does a 1.5 downward plunge then exit if in

I would appreciate hearing how you chaps set your entry and exit points ie strategy

Thanks in advance

[MR]

It honest is a VERY tough question to answer. Stop losses could be below retracement numbers, moving averages, breakout points, etc. It depends on ones trading style, portfolio size, trade objectives, market conditions, other variables which also interplay with potential stop placements. There are so many ways, so many ideas, unfortunately a lot of subjectivity, some intuition related to stop loss placement.

You may find going to the Advanced GET User Group, under File Sharing, and review some of that general information. It might give you some specific ideas on stop placement.