hi everyone, pls help newbie here.

[miaow88]

hello i newbie in forex,

i saw this in somewhere forum few month ago,
Buy
(+40 pips)
S/L-30pips
T/P+50pips

SeLL
(-40pips)
S/L+30pips
T/P-50pips

i like to understand more how the calculation made? pls brother and sister help..

 

[Easy Trader]

Their is definetly some content missing, or im really tired today. Is this part of a system you are trying to use?

 

[miaow88]

Their is definetly some content missing, or im really tired today. Is this part of a system you are trying to use?

i dont have any system,but trying to do manual entry/ exit and i dont know how is this calculation made from base of open price.

E.g:

EURUSD open 1.3750 Buy:
+40pips= 1.3790 -30pips = 1.3760 entry for S/L
+50pips = 1.3840 entry for T/P
Sell:
-40pips=1.3710 +30pips = 1.3740 entry for S/L
-50pips = 1.366 entry for T/P

am i doing calculation manually correctly? or pls correctly if i am wrong pls..

 

[Enivid]

Calculations look to be correct, mathematically speaking, but what are they for?

 

[miaow88]

Thank you for the shed light, i very new to Forex and i learn to trade manual entry base from news, information and so on, basically i just enter, set and forget it. but so far very slow performance. i glad found this forum and hoping could learn more about Forex. Thank you

 

[Easy Trader]

Welcome! Happy Trading

 

[Fxpipper]

Glad you're able to understand it better now, you may want to review the online content for beginners. You can start trading with live account after you've got all the info you need..