@ meilus: Targets are not that easy. I try to set a target at the next area of significant resistance in accordance with that time frame, once price passes my 2R, I'll move my stop to the next resistance level around that 2R area to lock in profit if the trade turns on me or I'll close the order if I see a reversible candle.
meilus posted: @Hoops McCann im trying to use a similar system yo yours.i know how hard it is . have you tried to use trailing stop losses?
No. I move my stop to break even, or if the move is a strong one, I'll move my stop to the resistance level around my initial 2R to lock in profit in case the trade turns around on me and increase my chance of a higher R reward; it's all about risk-to-reward. It's hard to explain how it's done, as every trade is different. It comes with screen time and your way of trading.
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