Taking Profits

Taking ProfitsLeçon 4 sur 105 min de lecture

The first target

The rule that produces target one every time: the pool of orders on the chart one step above the one you executed on.

The first target is the one you will reach most often, so it gets its own rule.

One chart up

Take the first target from the chart one step above the one you executed on.

You entered on the small chart because it gives a precise price. You leave from the chart above it, because the levels there are the ones price is actually drawn to.

Enter on the small chart, take the first target from the one above.

Higher charts hold more power

A level marked on a 1 minute chart is passed and forgotten inside an hour. A level on the 1 hour chart is where price stops for real.

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