How To Get The Perfect Stop loss

[0:00]Follow this one rule and price won't hit your stop losses as much. Every single candle has a open, a close, a high and a low. The rule is you only want to take long trades below the opening price of a candle. And you only want to take short trades above the opening price of a candle. An easy way to do this is by going to your chart and going to the daily time frame. Here, we can see we have a green candle on the daily time frame. So, we mark the open of the candle by putting a line right here. We then go to a smaller time frame like the one hour. We only look for indications to enter a trade if price is below this line. These indications can be whatever strategy you're currently trading with. Fair value gaps, order blocks, indicators, whatever. Here, we have a fair value gap on the one-hour time frame. It also coincides with our rule of being below the opening price of the daily candle. Price respects her fair value gap and targets higher liquidity, giving us a winning trade. Follow this rule and you'll get way more successful trades.