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TP1, TP 2, & TP3: How you may approach them

Depend on your equity.

▶️You may decide to target just TP1 for each signal on selected pair(s) of your choice.

▶️You may decide to enter TP1 and TP2 in separate positions(not really advisable)

▶️Either target TP2 or TP3 value directly as a single position and trail SL at 15-minute TF key levels as the price moves.

The main reason for learning technicals in trading is to help us define a proper trade entry to limit our SL size. In that case, it's wrong to jump into trading once the price moves even 10 pips away from entry.

Donna P
Jan 11

So instead of taking such a blind risk, if you have the desire, equity, and patience to target TP3, which is 100 pips, better you open just one single position, enter SL (-17 pips-depends) and TP (100 pips). If the trade goes our way, a few pips like 20 pips of movement will breakeven (meaning move the SL position to entry), the trade moves next 35 pips or 40 pips move SL way beyond entry and secure some profit. You follow those steps till the trade reaches 100 pips, and even if it doesn't reach the end, you will be out still with profits. Also, if the trade hits SL as we had, you will only lose value for -17pips alone. Thanks.

Any questions post in the comments section or dm me direct using the platform private message option.



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