Taking Profits

Taking ProfitsLesson 10 of 105 min read

Closed at break even

One trade that finished flat, the chart its targets should have come from, and the direction you scale in to find more.

The module ends with a trade that made nothing, because the target rule it demonstrates is easier to see when the trade did not run.

The trade

The zone is the 1 hour order block at 2,420 to 2,440, and price returns into it.

A 5 minute candle closes below the last small swing, which is the confirmation. The entry comes from a 1 minute block inside that break, at 2,431, and the stop sits just above the high at 2,441.

Zone from the 1 hour, confirmation from the 5 minute, price from the 1 minute.

How it ended

Price fell to 2,422, stopped well short of the 2,412 target, and came back up to the entry. The position was closed at break even, meaning no profit and no loss.

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