Stop loss orders can be used not only for settlement purposes, such as preventing losses from growing larger or achieving a specified profit, but also for new orders.
A new flow (trend) may be born if the market clearly breaks above a milestone such as a resistance (= resistance) that has been bounced off many times in the past, or a milestone such as the most recent high price or a point that is likely to be a turnaround. When support (= support) and the recent low plainly break down, the same is true.
When a market breaks (breaks) the upper and lower boundaries of a range (price range), the movement in the broken direction generally intensifies.
You can trade efficiently without missing the flow even when you are not looking at the market if you put a stop order at the point when the flow is likely to shift.
