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This article will take a beginners look at this interesting subject. It will give you the information that you need to know most. Here is stair by stair lead: 1. If outlay is close to modern high or low then place SL 5-10 pips above or below that meaning. This is very important. Prices do go back to trial modern highs and lows and we want to set SL as per the modern outlay action. Trading on daily chart is bit tricky where such SL can be even 30-40 pips more on top of your static 100 pip SL. 2. Another meaning to take nursing is that dont place SL on important boundary facts such as 00 or 50 point....