{"id":215730,"date":"2020-02-26T08:22:42","date_gmt":"2020-02-26T08:22:42","guid":{"rendered":"https:\/\/www.forexmentorpro.com\/blog\/?p=215730"},"modified":"2020-02-25T18:28:32","modified_gmt":"2020-02-25T18:28:32","slug":"live-session-where-to-place-stops-trading-forex","status":"publish","type":"post","link":"https:\/\/www.forexmentorpro.com\/blog\/live-session-where-to-place-stops-trading-forex\/","title":{"rendered":"Live Session: Where to Place Stops Trading Forex"},"content":{"rendered":"<p>Hi, lots to get through today with a particular focus on where to place stops.<\/p>\n<p>We can teach anyone to pick a decent entry but the stop is even more important.<\/p>\n<p>Without it you can not calculate the risk-reward and therefore the lot size.<\/p>\n<p>Pierre was on his roof trying to sort his internet! so he arrived late and if you just want his analysis its approximately 40 minutes into the video<\/p>\n<p>I showed why many pairs that had recent breakouts are not of interest to me as I do not have enough (some do not have any) reasons to place a stop,<\/p>\n<p>You should be able to skim through your charts on a weekend and spot 4 or 5 decent setups that SCREAM at you and are worth investigating further.<\/p>\n<p>Then go to daily and look for multiple reasons for where to place the stop.<\/p>\n<p><img decoding=\"async\" class=\"alignleft wp-image-215731 size-medium\" src=\"https:\/\/www.forexmentorpro.com\/blog\/wp-content\/uploads\/2020\/02\/stop-300x199.png\" alt=\"Where to Place Stops Trading Forex\" width=\"300\" height=\"199\" title=\"\" srcset=\"https:\/\/www.forexmentorpro.com\/blog\/wp-content\/uploads\/2020\/02\/stop-300x199.png 300w, https:\/\/www.forexmentorpro.com\/blog\/wp-content\/uploads\/2020\/02\/stop.png 400w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/>I show examples of all of this and why for example I chose one yen trade over another because? You guessed it \ud83d\ude42 the stop<\/p>\n<p>I also showed examples of scaling into and out of trades.<\/p>\n<p>A summary of last weeks Euro\/Aud live trade that went over 250 pips and how I am still managing the Aud Yen short from which I have already banked 100+ pips.<\/p>\n<p>Both of these I showed in the previous weeks live training session in real-time.<\/p>\n<p>If you have any questions join in the forum discussions where Pierre and senior members will help you. If you need more help please submit a ticket via the helpdesk<\/p>\n<p>New members, please note: If I am looking to take a trade long, for example, 1.5000, I place my order 10 pips above &amp; 10 pips below for a short. This is because price often does not quite reach a major line and you need to allow for spreads.<\/p>\n<p>We are NOT a \u201ctipping service\u201d our aim is to teach you how to trade for yourself.<\/p>\n<p>For more up to the minute, updates do not forget to drop by the forum in Pierre\u2019s corner.<\/p>\n<p>Watch the video for more detailed explanations of this week\u2019s detailed analysis and trade plan.<\/p>\n<p>Click on the square button bottom right to watch in full-screen mode<\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\"><strong>If you would like to learn how to trade like a professional check out our 5* rated forex mentor program, RISK FREE; by clicking on the \u201cGet Started Today\u201d Button below<\/strong><\/p>\n<p style=\"text-align: center;\"><a href=\"https:\/\/www.forexmentorpro.com\/blog\/mw-post\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" src=\"https:\/\/www.forexmentorpro.com\/blog\/wp-content\/uploads\/2017\/01\/728x90-.jpg \" width=\"728\" height=\"90\" alt=\"\" title=\"\"><\/a><\/p>\n<p><iframe src=\"https:\/\/player.vimeo.com\/video\/393699845\" width=\"640\" height=\"360\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>Where to Place Stops Trading Forex<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hi, lots to get through today with a particular focus on where to place stops. We can teach anyone to pick a decent entry but the stop is even more important. Without it you can not calculate the risk-reward and therefore the lot size. Pierre was on his roof trying to sort his internet! so [&hellip;]<\/p>\n","protected":false},"author":35,"featured_media":215731,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","rank_math_lock_modified_date":false,"footnotes":""},"categories":[4],"tags":[311,310,312,313,309],"class_list":["post-215730","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-forex-education","tag-how-to-place-forex-stops","tag-how-to-place-stops","tag-stops-in-trading","tag-using-stops","tag-where-to-place-stops"],"_links":{"self":[{"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/posts\/215730"}],"collection":[{"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/users\/35"}],"replies":[{"embeddable":true,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/comments?post=215730"}],"version-history":[{"count":0,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/posts\/215730\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/media\/215731"}],"wp:attachment":[{"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/media?parent=215730"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/categories?post=215730"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/tags?post=215730"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}