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I place my stop loss based on market structure, not a fixed number of pips. It follows price action better and reduces the chance of being stopped out by normal market noise.
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Do you place your stop loss based on market structure or a fixed number of pips, and why has that approach worked best for you?
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I place my stop loss based on market structure, not a fixed number of pips. It follows price action better and reduces the chance of being stopped out by normal market noise.
I place my stop loss based on market structure because it reflects where my trade idea becomes invalid rather than using an arbitrary number. This approach works better for me because it adapts to different market conditions and improves risk management.
I place my sl based on market structure.
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