Where do you place your stop-loss? 🌐
Where do you place your stop loss? 🌐
First, read our tutorial about market orders and limit orders:
Your stop-loss is such a limit order that you place above the point of collision of the trend lines that print the technical pattern on your chart:
- If you've got a Bullish Pattern (Bullish Wedge or Bullish Pennant), you place it below the pattern.
- If you've got a Bearish Pattern (Bearish Wedge or Bearish Pennant), you place it above the pattern.
In channels (Bullish Flag or Bearish Flag), you do not place the stop loss outside the pattern because you put it inside your channel around the point where the price last touched the left trendline.
Where would you place your stop loss in the pattern above?
(The solution's in a comment.)
Regards,
OXY
First, read our tutorial about market orders and limit orders:
Your stop-loss is such a limit order that you place above the point of collision of the trend lines that print the technical pattern on your chart:
- If you've got a Bullish Pattern (Bullish Wedge or Bullish Pennant), you place it below the pattern.
- If you've got a Bearish Pattern (Bearish Wedge or Bearish Pennant), you place it above the pattern.
In channels (Bullish Flag or Bearish Flag), you do not place the stop loss outside the pattern because you put it inside your channel around the point where the price last touched the left trendline.
Where would you place your stop loss in the pattern above?
(The solution's in a comment.)
Regards,
OXY
Trade fermée: cible de profit atteinte
FYI, We've taken profit on this short.
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.