For all time periods Try a 3 length ATR If your day trading consider the average range and the time of the day prior to entry this will give you a better outcome. I would suggest some work on a target might be just as valuable to the success.

Good system but i don't know where to place stop loss

Can't attach image as new login but traded down the GBP/USD today from the under side of trend line started on the 9.7 to the 10.9. Entered at 5987 set around the London open and traded down to the 5944 based on daily range and fair price set back ...

Price Action and Trading Discussion

What I use which is quite effective is the Kijun-sen in the ichimoku indicator. Why is it effective? it takes what ever period (lets say the 26 standard which is what I use) high and low and divides by 2. this give the trade enough room to breath ...

Indicators or price action tools to help with exits