Don’t define your stop loss based on a set number of pips. Place your stop loss where it’s protected by market structure and would represent an invalidation of the trade if reached.
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Remember that the entire market, including mm’s, see the same chart - usually not difficult to figure where retails stops are.
That’s a given. My statement was general not specific to which exact structure points to use, it goes deeper than just picking the last swing point.
It depends on support and resistance level actually but on average it ranges from 20 to 30 pips and for swing trading, it is bigger like 50 to 60 pips.
of course it is based on the strategies
the pairs the time the spread matters.