Hey traders,
In this post, we will discuss 3 classic trading strategies and stop placement rules.
I will teach you how to set a safe stop loss, relying on price action.
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.
Buying a test of arising trend line on GBPCHF, stop loss is lying strictly below the previous low.
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.
Selling a retest of a broken structure on AUDJPY, Stop Loss is strictly set above the previous high.
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.
Opening a long position from the support of the range on Dollar Index, stop loss is placed below its 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?
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✅My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel: youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ Get 100% Deposit Bonus: bit.ly/bestforexgoldbroker
❗️YouTube Channel: youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ Get 100% Deposit Bonus: bit.ly/bestforexgoldbroker
免責聲明
這些資訊和出版物並非旨在提供,也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。
