hello. i have been reading this thread on and off for a long time now and i do my own thing.. but i have a question.
is there anyone here that places targets like i do? where they align to fibonacci retracements, see picture. i do cut my position size, adjusting when it gives enough profits and i do trail my stop according to some other rules. but my question today is only about the tp positioning, where what and how. how do you think? also remember that the example picture is not one of a trade that i am in, it is only an example of where i would place tp if i was long on the break of that cloud.
thank you
is there anyone here that places targets like i do? where they align to fibonacci retracements, see picture. i do cut my position size, adjusting when it gives enough profits and i do trail my stop according to some other rules. but my question today is only about the tp positioning, where what and how. how do you think? also remember that the example picture is not one of a trade that i am in, it is only an example of where i would place tp if i was long on the break of that cloud.
thank you