prochargedmopar wrote:Mira wrote:LeMercenaire wrote:
A discretionary target is more useful when scalping, as you are obviously building and adding to a bank quickly. On the H4, then it is less useful or suited. It is like scalping in slow motion.
Thank you LeM
The idea (MightyOne) is building up size using Space/Eights, aiming for a minimum target to add up and then trying to ride a big one when the size is fat.
Now I don’t know what to do in both the situations.. looking for an opposite line or using ATR.. or shading half of the position at the first target or, maybe, using some of that indi (I don’t know them very well, the first I remember is SAR).
To start target only most recent swing H/L of HTF.
Always aim for others stops.
Someone on here said a looooong time ago.
"If you don't know where the buy/sell stops are resting it's probably yours that's going to get hit FIRST."
Or something to that effect.
Thank you PRO
Yes that’s the solution that makes more sense to me.
Do you use any “kill the trade” idea to close a position that looks like is turning back in direction of loss?
I mean a trade that is still between the entry and the target.