Pls… How do I figure out where to set my SL and target profit… I’m demo trading and I always get stop out fast while the market still moves my predicted direction. I do use ATR but maybe It’s not properly translated.
NB: I’m on 15mins time frame.
Hello @shubbyluv,
You may want to check out the topic below regarding stop loss and take profit levels. You might get useful tips from other members aside from the replies you would be getting from your topic.
Pipzilla
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Stops should be derived firstly from chart levels. TA on time-frames less than 1 day is speculative at best. But ATR is useful as a yardstick to make sure the TA-based SL is not too tight (or loose).
ATR can be the SL indicator of last resort where the TA doesn’t show a logical exit price - but in that case, should you be taking this trade?
Maybe the problem is not your SL
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