You can trade with a loose approach or a tighter approach. Trading with closer targets provides a higher win ratio and a far target approach will result in a smaller win ratio but a greater risk reward average. By using multiple targets it is possible to scale out and implement sophisticated trade management techniques to take profit and trap in profit with stop loss trails as well as run for trend breakout days.
Technical Stops and Target Placement
Stop loss and profit targets are placed at Fib Grid Levels - and are therefore adaptive advanced intelligent trade management which can be applied to any market/instrument.
Loose setup - low win ratio high risk reward
- Stop Loss Technical position is behind the No Trade Zone (NTZ) yellow Rectangle
- Target 1 - 2 lots at the 50% regions on the grid
- Target 2 - 1 Lot 76% region
- Target 3 is a runner or 100% grid line
Technical Stop Loss Trail
When price moves and closed above the 50% blue line move the stoploss to the far side of fib grid price grid line -25% grid trail or follow the USAR...
So how did that trade pan out?
Tighter setup high win ratio & medium risk reward
- Stop Loss Technical position is behind the No Trade Zone (NTZ) yellow Rectangle
- Target 1 - 2 lots at the 23% regions on the grid (could also be 33%)
- Target 2 - 1 Lot 50% region
- Target 3 is a runner or 100% grid line
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