Stop loss: near or far? - page 2

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anubhavmeena #:
If you trade the first bounce mostlikely your stop will get triggered. How do you place the stop in such cases? 

Honestly I am not a successful trader but sharing my experience:

1. One solution is applying SL to a one step further R/S level.

2. When trading momentum you are not concerned about S/R levels for SL. In those cases you use S/R level to place your TP and use a fixed reward/risk ratio to calculate your SL according to your TP.

 
You could also use ATR to control stop loss by means of an EA setting the SL automatically. Or use an indicator like the parabolic SAR
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