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Do we place our Stop Loss too close or too tight?

 
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nealsusan6

Do we place our Stop Loss too close or too tight?

Do we place our Stop Loss target to close or too tight to our Open Price, it almost seems as if the Market Makers are watching and then after the research and the charting is complete and we jump in with a stop loss set at lets say 6 PIPS and the market go long by 4PIPS then reveerses by 11 PIPS before your eyes close and reopen. I place mine on average of ten PIPS depending on which currency I am trading. Just wandering.

Mon, 10/15/2018 - 3:21pm