Dear Forexjedi;
I've a suggestion to a more practical approach of the TP. I use fib projections from the point of entry generated by the signal. I draw Fib. from the point of entry to the recent high/low preceeding the move. I could stop on 161.8% or 261.8% based on my risk taken strategy. This could be a very practical approach and eliminating the guess factor in the TP of this system.
Kindly evaluate and let me know your comments.
Note the attached screens.
I've a suggestion to a more practical approach of the TP. I use fib projections from the point of entry generated by the signal. I draw Fib. from the point of entry to the recent high/low preceeding the move. I could stop on 161.8% or 261.8% based on my risk taken strategy. This could be a very practical approach and eliminating the guess factor in the TP of this system.
Kindly evaluate and let me know your comments.
Note the attached screens.
Attached Images