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Best way for consistent profit taking?
My Defaults:
Breakouts: Measured move based off the signal bar.
Ranges/Reversals: 50% of the prior leg.
Channels: Leg 1 = Leg 2 measured move or 2x the length of the retrace (usually the same).
All measurements/fibs based on 5 minute candle bodies.
| 36B | Trade Management and Taking Profits Defaults for Profit Taking |
in trending markets I will use trailing stops without a price target... you leave some on the table often but my win/loss ratio is never below 2.5:1
the only thing that is consistent about the market is inconsistency
