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Takeprofit

CTI two recent zones of entry plus one ATM with TP and SL On the chart you can see two executed zones of entry with TP and SL areas, on RSI indicator you can see that when possibility to enter the market opens, RSI tends to flatten itself. Every recent point of entry has it and at the moment you can see it happening again. Also if you look closely on a more visual information from Trend Ribbon, you can see similarities in entry zone appearance at the middle of a local downtrend. I've laid out for you expected TP and SL areas with realistic expectations of growth from 0.07$ up to 0.09$ with expected execution time period around two to three and a half days, judging by previous periods.
by jjlung
I said this was one for the swing traders 👌🎯This is a quick update for a trade idea I shared two weeks back. I did say it was going to be one for the swing traders and the trade has hit profit target 17 days later. The pair in question is a NZDUSD working the H4 time frame. Strategy is a 1:5 RR ratio. This kind of trade epitomises the importance of sticking to the plan. Good profit was on the table a numerous points. Slight retraces occurred but it's crucial to stick to your strategy. A back test of 34 trade samples over three years tells me this strategy is profitable. I simply let probability play out combined with patience. That very trade history can be seen below this trade idea too for full transparency. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. The stats for this pair are shown below too. Thank you. Darren.
by pow_removetheguesswork
I backtested FXCM's Ideas 100 TimesI backtested @FXCM 's ideas 100 times with several strategies. This research contains: (1) If it is worthy to buy cheaper than @FXCM 's signal. (2) If it is worthy to hunt @FXCM 's stop loss. (3) If @FXCM 's signals take profit too quickly. (4) If the price approaches @FXCM 's target, will it go back to buy entry? There are 5 strategies in this test case. (1) Original : follow @FXCM 's entry, stop loss and profit target. If there are 2 profit targets in an idea, I treat it as 2 trades. If there are no profit targets in an idea, I use 1:1 risk ratio. (2) cheapo_q : shift down entry, stop loss and profit target by ( entry - stop loss ) * 0.25 . (3) cheapo_h : shift down entry, stop loss and profit target by ( entry - stop loss ) * 0.5 . (4) hunter : shift down entry, stop loss and profit target by ( entry - stop loss ) . This strategy is for hunting @FXCM 's stop loss. (5) reversal : entry of reversal = @FXCM 's target , target of reversal = @FXCM 's entry. Stop loss of reversal : use 1:1 risk ratio. Quantity per trade: 50 shares for xau 100000 shares for eur,gbp,aud,nzd,usd,cad,chf result Strategy Win-Lose Profit-Loss Original 45-50 31366.57 - 19460.67 = 11905.9 cheapo_q 29-44 20080.97 - 16040.95 = 4040.02 cheapo_h 26-36 19006.84 - 12609.71 = 6397.13 hunter 16-27 8809.81 - 8759.51 = 50.3 reversal 25-20 15816.03 - 14381.96 = 1434.07 Observation * Some signals were generated when breakout, so waiting for pullback may miss some opportunities. * Advice : also consider basics and sentiments to avoid non-profitable trades. * Hunting @FXCM 's stop loss is not profitable enough. * @FXCM 's followers can consider higher profit target but need to protect difficult-to-get profit.
by clocks156t174
Our Favorite Way To Set Take Profit Orders/Levels Typically, most traders have no idea how or where to set their take profit orders on any given trade. Most inexperienced traders will choose a risk/reward ratio and set their take profit based on a specific ratio. For example. The trader defines where their stop loss order will be, then drags their take profit up until it says "Risk/Reward = 3". Determining your take profit order/level based on this provides the trader with no increase in profitability/edge, and we call this gambling. ‌ Generally, the first thing the trader should be doing is setting their stop loss prior to determining the take profit. The stop loss is one of the most important factors to consider that can have a dramatic affect on how profitable your strategy will be. After the stop loss has been determined, assuming we want to go long, the first thing to identify that will aid in determining the take profit price/order is, identifying where key levels of resistance are as well as pivots. ‌ We have found that in the markets, one should never assume the market will break past a specific resistance/pivot. Although it may happen, your take profit should never be at the mercy of the pivot blocking price. With that being said, the trader should ensure their take profit is not beyond the nearest pivot/resistance to increase profitability. For example, if price just broke resistance and is retracing back down for a retest as support, to get the highest profitability/success rate, we recommend to ensure your take profit is slightly below the pivot just above the support, which the price is retracing from. A trader could attempt to take the trade further beyond the first initial pivot/resistance, to increase net profit for the given trade, however, the trader needs to understand that doing this requires close monitoring of the trade to identify rejections at the pivot. Based on our research/back-testing, it is a viable option for traders to try to extend the take profit beyond the first pivot/resistance as long as the trader is monitoring the trade closely. Some of the things that the trader should be looking out for is, a bearish rejection off the first pivot, signifying that price may return to the support/entry price. Based on our research, roughly 39+% of the time, the trader can expect the first pivot/resistance to breakout with high volume and a large candle, which can then be used to extend the take profit if managed properly. ‌ Ensuring that both your take profit and stop loss are placed/managed methodically will greatly increase profitability based on statistics.
Education
by VitalAlgo
8
EURUSD LONG 4H BUYBeautiful trade on NY session for the EURUSD on the 4H timeframe. Initially price rejects multiple times from the 4H breaker and finally does a large move to the upside where it creates new highs. Price is rejected from the 70.5% level (ICT OTE) and forms a large volume bullish up-candle. Lots of equal highs. Price is expected to reach those equal highs and to form a new high on the dollar weakness. THIS IS NOT FINANCIAL ADVICE. DO YOUR OWN RESEARCH. ALWAYS USE GOOD RISK MANAGEMENT AND WAIT FOR CONFIRMATIONS WHEN ENTERING A TRADE. THANK YOU FOR READING! LIKE AND FOLLOW MY CHANNEL FOR MORE INSIGHTS IF YOU FIND THIS USEFUL.
Long
by MissC_FX
MKRUSD :: Taking profit, consolidation likelyHave had a good run in Maker. I love this coin for its huge green candles! Taking some profit on 250%, will ape in on a big dip, might buy back a bit if it consolidates for a while near the bottom of the consolidation zone if it develops. Closed out a position quite a while ago after some big candles, it consolidated there and then started banging up again..wish I had just taken a bit of profit. This thing could really moon over the long term. Take profit on huge candles, but not too much cuz they often come back to back before dipping. One more bang up & profit taking then I'll be riding it free and just keep it in the bag. Put my profits in the ALGO bag. :)
COINBASE:MKRUSDLong
by lazytrade
6
Still some room for the bullish run to completeHere, I am using several retracements, trend lines, and extensions to build the case of a short-term buy position. First, the graph fits beautifully in the pitch fork trend, showing that we are currently at the median resistance of the bullish trend. To see whether we will go up or down from here, I used several Fibbonacci retracements at different time frames, most of which are showing that we are nearing, but not yet at the end of the trend. Taking into consider only that last bullish trend, we are at the 261.8% Fib extension, which would definitely the time for a take profit. However, taken into consideration longer trends, resistance seems to be a bit higher, around the 44.5 price range. Fib Speed Arcs even make me believe that the last ditch of the bull upwards will happen today or tomorrow, then a sell should be done. Of course, if I had a buy position from a start, I would have taken the profit at this stage and play it safe. But since I am out of position, I am willing to take the risk for the last part in an incredible bullish run.
COINBASE:UNIUSDLong
by MontyMacht
1