Gen funda of BNF..
IMO...
In bnf for 3m 30pt SL, 2 min 20pt, 1 min 12-15pt seems reasonable..
Trading with the trend which followed by most, need bigger SL as above..as price can retrace first b4 start moving in a favourable direction.
But very difficult to trade 1m even for a pro.. unless a scalper..
min 2 min is advisable, 3min good, 5 min best for intraday. For 5 m SL 40pt.
Note SL is not fixed.. Most of cases we need to trail it.. better if manually..
Partial booking advisable with fixed SL..
-------
Exceptional cases..
SL depends on method/indicators too. If traders using Sup Res/Pivot Level based method, then they can keep smaller SL.
IMO...
In bnf for 3m 30pt SL, 2 min 20pt, 1 min 12-15pt seems reasonable..
Trading with the trend which followed by most, need bigger SL as above..as price can retrace first b4 start moving in a favourable direction.
But very difficult to trade 1m even for a pro.. unless a scalper..
min 2 min is advisable, 3min good, 5 min best for intraday. For 5 m SL 40pt.
Note SL is not fixed.. Most of cases we need to trail it.. better if manually..
Partial booking advisable with fixed SL..
-------
Exceptional cases..
SL depends on method/indicators too. If traders using Sup Res/Pivot Level based method, then they can keep smaller SL.
1. hmm .. higher TF = Large SL .. thats haunting me for bnf ..
2. yes sl not fixed .. i use lows / highs made /pivots / .. only entering when SL is small for me in stocks ..