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How to gauge when to Take Profit on a Trade...............
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How to gauge when to Take Profit on a Trade...............
I have my setup and entry down pat on whe I enter a trade, The problem I'm having is, when kind of factors should I use to help confirm and " TELL " me when to lock in my profits and exit a trade ? I have put up on my charts, Fibb. retracement/Levels from the low to the most recent pullback/High for a long, I am just looking for something else that I can add with the FIbb to confirm that that level is a good projection level to take the profits on a trade and or move me stop up to Breakeven. Maybe use Bollinger Bands, Elliot Wave , TRIN , TRIX Just looking for what others here in the forums use to help them gauge a Profit Target or to let them know when it's time to tighten up your stop and go to breakeven or start trailing your trade, OR just to take the profit at hand, and exit the trade. Thanks everyone for your time and help - MikeTags: None
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