Sentences with phrase «tight stop losses on»
Note that waiting for this retrace entry at the key support level would have allowed you to get a tighter stop loss on the trade and a 4R profit as a result.
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However, since the bull flag pattern did not follow - through to the upside, we maintained a very tight stop on the additional shares, which we closed for a tiny loss of 1.6 % on August 2.
This provides a tight stop loss with our stop loss just above or below the pin bar high or low and a large potential risk reward on the trade as a result.
Our stop loss on this setup would be around 100 pips and the upside potential would be over 300 points, this is how professional traders look at the market; analyze levels, look at the price action signals, nice tight stop and nice wide profit target.
We can see price did re-test it on October 2nd of 2013, and a blind buy entry would have worked well here with a tight stop loss just below $ 1277.00.
Our stop loss on this setup would be around 100 pips and the upside potential would be over 300 points, this is how professional traders look at the market; analyze levels, look at the price action signals, nice tight stop and nice wide profit target.
On this setup my stop loss was set at 93 pips, setups like this allow for nice tight stops which make for great risk to reward ratios.
This provides a tight stop loss with our stop loss just above or below the pin bar high or low and a large potential risk reward on the trade as a result.
Note the 50 % retrace entry of the pin bar, this is an entry technique we teach on our courses and it works good on long - tailed pins, giving you a much better risk reward potential due to the tighter stop loss distance.
Or, at the very least, keep a very watchful eye on the stock and set a tight stop loss potentially.
When identifying a stop loss point, it's vital to assess how tight the stop loss is on your preferred exit point.
This gets you a better entry because it significantly improves the risk reward profile of a trade by allowing you to place a tighter (smaller distance) stop loss, making it more likely that you'll make 2R or more on a trade.
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