Stop Loss

• When buying, pace a sop under the nearest support.

• When selling, pace a sop loss above the nearest ressstance point

(Use trendlines, pvot lines, Fibonacci lines or previous highs (eg. a 3bar pvot turning point) or lows (a 3bar pvot turning point).

• The price can reverse more than 100 pips when unexpected news is released so watch the charts if you are using a mental sop even though sudden quick reversals are rare. Pace a sop

loss on your trade station (deal station) if you have to leave the computer for longer than 5 minutes especially before a news release.

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