How to determine Stop-loss ? step by step

How to determine SL ?
There are a thousands techniques to define a SL order , for me I'm not using any methode to set SL , just because I use already Scalping strategy so I don't need more then 10-15 pips as SL
but I have used sometimes those ways to determine SL action :
1 - below or above support or resistance lignes ( this methodology is famous but pay attention for price reflection !! )

( despite the variety of support and resistance methods , traders cluster in very similar price area . professional traders use those areas to make contrarian trades , they are buying and selling when your stops are being hit , if resistance is broken professional trader will buy , if support is broken he will sell , Really genius astuce !!)
2 - you can also set your SLs depending on your trade profile , this is the easy way to determine a SL:

- If you are a guerilla , set for each 1 profit pip 2 pips for your SL
- If you are a scalper , set for each 3 profits pips 1 pip for your SL
- If you are a day trader , set for each 5 profits 1 pip for your SL

Thank you for reading :)
amalric ,,

Tags : how to set stop-loss , stop-loss , stoploss, forex stop-loss , how to determine stop-loss , support and resistance .