10/6/2022: This Is Why You Take Partial Profit
See all the details in my article ⤵️
infinity-trading.io
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See all the details in my article ⤵️
infinity-trading.io
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On this trade ES went below the current London Sessions lows. It had obvious displacement and a potential 2022 Mentorship Buy Model setup. Additionally, the bias on the week is bullish with this setup pointing to new weekly highs.
Price filled the FVG and then went above its Fib swing high. But price chopped down before making a slight higher high and then eventually made a giant move down.
Even though ES never reached its ultimate target, the first profit target was about a 20 point move which is a solid move and allows for plenty of money to be made.
IMO as soon as a Buy Model goes above its Fib swing high then it’s a successful setup. This loc. is the first profit target with ultimate target being the closest highest high. But sometimes price never gets to its ultimate high. This is why it is crucial to take partial profits!
Partial profit choices:
1. Take partial profit at predefined levels i.e. 5, 10, 20 points, etc.
2. Take partial profit at obvious price locations i.e. swing highs/lows, imbalances, orderblocks, etc.
3. Hybrid approach using both techniques above
1. Take partial profit at predefined levels i.e. 5, 10, 20 points, etc.
2. Take partial profit at obvious price locations i.e. swing highs/lows, imbalances, orderblocks, etc.
3. Hybrid approach using both techniques above
Find information like this and so much more on my website. Check it out now!
infinity-trading.io
infinity-trading.io
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