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HOW TO SET STOP LOSS | 3 STRATEGIES EXPLAINED 📚 Hey traders, In this post, we will discuss 3 classic trading strategies and stop placement rules. 1️⃣The first trading strategy is a trend line strategy. The technique implies buying/selling the touch of strong trend lines, expecting a strong bullish/bearish reaction from that. If you are buying a trend line, you should identify the previous low. Your stop loss should lie strictly below that. If you are selling a trend line, you should identify the previous high. Your stop loss should lie strictly above that. 2️⃣The second trading strategy is a breakout trading strategy. The technique implies buying/selling the breakout of a structure, expecting a further bullish/bearish continuation. If you are buying a breakout of a resistance, you should identify the previous low. Your stop loss should lie strictly below that. If you are selling a breakout of a support, you should identify the previous high. Your stop loss should lie strictly above that. 3️⃣The third trading strategy is a range trading strategy. The technique implies buying/selling the boundaries of horizontal ranges, expecting bullish/bearish reaction from them. If you are buying the support of the range, your stop loss should strictly lie below the lowest point of support. If you are selling the resistance of the range, your stop loss should strictly lie above the highest point of resistance. As you can see, these stop placement techniques are very simple. Following them, you will avoid a lot of stop hunts and manipulations. How do you set stop loss? ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
OANDA:XAUUSDEducation
by VasilyTrader
86
EUR/USD for long We have some obvious bullish signs here. First of all, if we look at the daily chart, we can see that we have a bullish flag pattern that suggests a move to the upside. So, to trade with a high probability of success, it is better to wait for a breakout on a daily basis (to avoid false intraday signals). That's what we got. Now the question is where to enter the position, if you haven't already. Well, I would look for any nearest retracement. Last week brought some fundamental changes as the Fed is more likely to slow rate hikes to delay the INEVITABLE RECESSION (which is technically already here). But OK. This can be some relief in eur (although the situation in the EU is even worse, but here we are LOL). Of course, if you entered a long position, don't be greedy and use some achievable targets, such as the AB CD 1.0 target from the daily chart. Keep in mind that anything can happen, and we could see bears enter the market at any moment, but that's why we use stop losses.
Long
by merjemascerija